S-Pool,Inc. Stock Forecast

S-Pool,Inc. stock price up more than 5.35% on Tuesday
(Updated on May 07, 2024)

2471.T Signals & Forecast

The S-Pool,Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥305.00 and JP¥310.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 5.35%. 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 Monday, March 18, 2024 in the short-term chart.

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 S-Pool,Inc. stock

S-Pool,Inc. finds support from accumulated volume at JP¥313.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥18.00 (5.98%) between high and low. For the last week, the stock has had daily average volatility of 2.60%.

Our recommended stop-loss: JP¥302.72 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (2471.T) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect S-Pool,Inc. to open at JP¥311.67, and during the day (based on 14 day Average True Range), to move between JP¥305.75 and JP¥324.25, which gives a possible trading interval of +/-JP¥9.25 (+/-2.94%) up or down from last closing price. If S-Pool,Inc. takes out the full calculated possible swing range there will be an estimated 5.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at JP¥313.00 (0.63%) than the resistance at JP¥322.00 (2.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is S-Pool,Inc. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for S-Pool,Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.761 Buy Candidate Upgraded

Predicted Opening Price for S-Pool,Inc. of Wednesday, May 8, 2024

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