ESCON JAPAN REIT Investment Corporation Stock Forecast

ESCON JAPAN REIT Investment Corporation stock price up 0.479% on Monday
(Updated on May 13, 2024)

2971.T Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -2.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The ESCON JAPAN REIT Investment Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥126,828.57. On a fall, the stock will find some support from the long-term average at approximately JP¥125,180.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. The stock had a Golden Star Signal on Friday, November 10, 2023 in the long-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 ESCON JAPAN REIT Investment Corporation stock

ESCON JAPAN REIT Investment Corporation finds support from accumulated volume at JP¥122,200.00 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¥1,500.00 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.34%.

Our recommended stop-loss: JP¥120,460.81 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (2971.T) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect ESCON JAPAN REIT Investment Corporation to open at JP¥125,300.00, and during the day (based on 14 day Average True Range), to move between JP¥124,220.80 and JP¥127,379.20, which gives a possible trading interval of +/-JP¥1,579.20 (+/-1.26%) up or down from last closing price. If ESCON JAPAN REIT Investment Corporation takes out the full calculated possible swing range there will be an estimated 2.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at JP¥126,000.00 (0.16%) than the support at JP¥122,200.00 (2.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ESCON JAPAN REIT Investment Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 3.750 Buy Candidate Unchanged

Predicted Opening Price for ESCON JAPAN REIT Investment Corporation of Tuesday, May 14, 2024

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