PEPPER FOOD SERVICE CO.,LTD. Stock Forecast

Red day on Friday for PEPPER FOOD SERVICE CO.,LTD.
(Updated on Jun 28, 2024)

3053.T Signals & Forecast

The PEPPER FOOD SERVICE CO.,LTD. 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¥129.29 and JP¥129.51. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -2.96%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for PEPPER FOOD SERVICE CO.,LTD. stock

PEPPER FOOD SERVICE CO.,LTD. finds support from accumulated volume at JP¥127.00 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¥3.00 between high and low, or 2.33%. For the last week the stock has had daily average volatility of 2.03%.

Our recommended stop-loss: JP¥125.55 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (3053.T) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect PEPPER FOOD SERVICE CO.,LTD. to open at JP¥130.67, and during the day (based on 14 day Average True Range), to move between JP¥127.62 and JP¥134.38, which gives a possible trading interval of +/-JP¥3.38 (+/-2.58%) up or down from last closing price. If PEPPER FOOD SERVICE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.17% 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¥132.00 (0.76%) than the support at JP¥127.00 (3.05%), 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 PEPPER FOOD SERVICE CO.,LTD. stock A Buy?

PEPPER FOOD SERVICE CO.,LTD. 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: -0.747 Hold/Accumulate Unchanged

Predicted Opening Price for PEPPER FOOD SERVICE CO.,LTD. of Monday, July 1, 2024

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