F@N Communications Inc. Stock Forecast

F@N Communications Inc. stock price up 0.482% on Thursday
(Updated on Jun 27, 2024)

2461.T Signals & Forecast

The F@N Communications 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¥412.86 and JP¥410.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.99%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, April 25, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, October 17, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for F@N Communications Inc. stock

F@N Communications Inc. finds support from accumulated volume at JP¥411.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥4.00 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 1.13%.

Our recommended stop-loss: JP¥401.49 (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 53 days ago.)

Trading Expectations (2461.T) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect F@N Communications Inc. to open at JP¥415.67, and during the day (based on 14 day Average True Range), to move between JP¥413.23 and JP¥420.77, which gives a possible trading interval of +/-JP¥3.77 (+/-0.90%) up or down from last closing price. If F@N Communications Inc. takes out the full calculated possible swing range there will be an estimated 1.81% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥411.00, some JP¥6.00 (1.44%) from the current price of JP¥417.00, our system finds the risk reward attractive.

Is F@N Communications Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for F@N Communications Inc. stock to perform well in the short-term.

Current score: 4.348 Buy Candidate Unchanged

Predicted Opening Price for F@N Communications Inc. of Friday, June 28, 2024

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