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M3,Inc. Stock Forecast TYO:2413

JP¥8 912.00 (13.27%)

Volume: 3M

Closed: September 17, 2021

Score: 0.000

M3,Inc. Stock Forecast

JP¥8 912.00 (13.27%)

Volume: 3M

Closed: September 17, 2021

Score 0.000
Which way will 2413.T go? Request

2413.T Stock Risk

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥310.00 between high and low, or 3.59%. For the last week, the stock has had a daily average volatility of 0.72%.

Our recommended stop-loss: JP¥8 427.76 (-5.43%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 50 and the stock is currently not being overbought or oversold

A very strong day for M3,Inc. stock price on Friday
(Updated on September 17, 2021)


Buy or Hold candidate since 2021-09-02 Gain 15.82%

The M3,Inc. stock price gained 13.27% on the last trading day (Friday, 17th Sep 2021), rising from JP¥7 868.00 to JP¥8 912.00. During the day the stock fluctuated 3.59% from a day low at JP¥8 635.00 to a day high of JP¥8 945.00. The price has been going up and down for this period, and there has been a 13.27% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately JP¥24.72 billion.

Given the current horizontal trend, you can expect M3,Inc. stock with a 90% probability to be traded between JP¥6 858.08 and JP¥8 833.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

The M3,Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥8 017.14 and JP¥7 419.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 28.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at JP¥8 104.00 and JP¥7 144.00. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, M3,Inc. finds support just below today's level at JP¥8 104.00. If this is broken, then the next support from accumulated volume will be at JP¥7 144.00 and JP¥7 116.00.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥310.00 between high and low, or 3.59%. For the last week, the stock has had a daily average volatility of 0.72%.

Our recommended stop-loss: JP¥8 427.76 (-5.43%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)

Is M3,Inc. stock A Buy?

M3,Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000

NB: Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for M3,Inc. of Tuesday, September 21, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price September 21, 2021 Current price
JP¥8 830.67 JP¥8 912.00 (Overvalued)
Hold/Accumulate Unchanged

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Volatility and Risk
Daily Average Volatility: 0.72 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0.72 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: JP¥8 912.00
Support: JP¥8 104.00

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 9 140.67 2.57 %
9 022.25 1.24 %
8 949.09 0.42 %
Current price: 8 912.00
Support 8 712.25 -2.24 %
8 639.09 -3.06 %
8 520.67 -4.39 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 8 912.00
Support 8 104.00 -9.07%
7 144.00 -19.84%
7 116.00 -20.15%

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