JAPAN TOBACCO INC. Stock Forecast

JAPAN TOBACCO INC. stock price ended at JP¥4,303.00 on Thursday, after gaining 0.91%.
(Updated on May 02, 2024)

2914.T Signals & Forecast

The JAPAN TOBACCO 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¥4,217.14 and JP¥4,078.86. 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 5.80%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, March 14, 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 JAPAN TOBACCO INC. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥4,028.00 and JP¥3,909.00. There is a 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, JAPAN TOBACCO INC. finds support just below today's level at JP¥4,028.00. If this is broken, then the next support from accumulated volume will be at JP¥3,909.00 and JP¥3,838.00.

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¥48.00 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.11%.

Our recommended stop-loss: JP¥4,131.76 (-3.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (2914.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect JAPAN TOBACCO INC. to open at JP¥4,287.67, and during the day (based on 14 day Average True Range), to move between JP¥4,251.14 and JP¥4,354.86, which gives a possible trading interval of +/-JP¥51.86 (+/-1.21%) up or down from last closing price. If JAPAN TOBACCO INC. takes out the full calculated possible swing range there will be an estimated 2.41% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥4,028.00, some JP¥275.00 (6.39%) from the current price of JP¥4,303.00, our system finds the risk reward attractive.

Is JAPAN TOBACCO INC. stock A Buy?

JAPAN TOBACCO INC. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 7.480 Strong Buy Candidate Unchanged

Predicted Opening Price for JAPAN TOBACCO INC. of Tuesday, May 7, 2024

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