tsukuruba inc. Stock Forecast
Green day on Wednesday for tsukuruba inc.
(Updated on May 01, 2024)
The tsukuruba inc. stock price gained 0.98% on the last trading day (Wednesday, 1st May 2024), rising from JP¥1,022.00 to JP¥1,032.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.67% from a day low at JP¥1,011.00 to a day high of JP¥1,038.00. The price has risen in 8 of the last 10 days and is up by 5.09% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 5 thousand shares were bought and sold for approximately JP¥4.75 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥1,045.87 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 27.44% during the next 3 months and, with a 90% probability hold a price between JP¥1,219.25 and JP¥1,332.90 at the end of this 3-month period.
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2978.T Signals & Forecast
The tsukuruba 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¥1,008.14 and JP¥946.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 21.99%. 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).
Support, Risk & Stop-loss for tsukuruba inc. stock
tsukuruba inc. finds support from accumulated volume at JP¥992.00 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¥27.00 (2.67%) between high and low. For the last week, the stock has had daily average volatility of 3.10%.
The tsukuruba inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥1,001.87 (-2.92%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (2978.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect tsukuruba inc. to open at JP¥1,027.00, and during the day (based on 14 day Average True Range), to move between JP¥1,000.83 and JP¥1,063.17, which gives a possible trading interval of +/-JP¥31.17 (+/-3.02%) up or down from last closing price. If tsukuruba inc. takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥992.00, some JP¥40.00 (3.88%) from the current price of JP¥1,032.00, our system finds the risk reward attractive.
Is tsukuruba inc. stock A Buy?
tsukuruba 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 Hold/Accumulate Unchanged
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 tsukuruba inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥1,027.00 ( 0.484%) | JP¥1,032.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2978.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,054.00 | 2.13 % | |
| R2 | 1,043.69 | 1.13 % | ||
| R1 | 1,037.31 | 0.515 % | ||
| Current price: | 1,032.00 | |||
| Support | S1 | 1,016.69 | -1.48 % | |
| S2 | 1,010.31 | -2.10 % | ||
| S3 | 1,000.00 | -3.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,032.00 | |||
| Support | S1 | 992.00 | -3.88% | |
| S2 | 900.00 | -12.79% | ||
| S3 | 877.00 | -15.02% |
FAQ
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