Oisix ra daichi Inc. Stock Forecast
Oisix ra daichi Inc. stock upgraded to Buy Candidate.
(Updated on Jul 03, 2024)
The Oisix ra daichi Inc. stock price gained 1.22% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥1,231.00 to JP¥1,246.00. During the last trading day the stock fluctuated 2.45% from a day low at JP¥1,226.00 to a day high of JP¥1,256.00. The price has risen in 5 of the last 10 days and is up by 4.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 149 thousand shares were bought and sold for approximately JP¥185.41 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.15% during the next 3 months and, with a 90% probability hold a price between JP¥1,191.52 and JP¥1,424.81 at the end of this 3-month period.
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3182.T Signals & Forecast
The Oisix ra daichi 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¥1,242.00 and JP¥1,219.71. 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). 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -2.04%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 16.26% to JP¥1,448.60 within 25 trading days (Wednesday, July 03, 2024) since signal was issued.
Support, Risk & Stop-loss for Oisix ra daichi Inc. stock
Oisix ra daichi Inc. finds support from accumulated volume at JP¥1,202.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥30.00 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: JP¥1,198.39 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (3182.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Oisix ra daichi Inc. to open at JP¥1,242.67, and during the day (based on 14 day Average True Range), to move between JP¥1,204.47 and JP¥1,287.53, which gives a possible trading interval of +/-JP¥41.53 (+/-3.33%) up or down from last closing price. If Oisix ra daichi Inc. takes out the full calculated possible swing range there will be an estimated 6.67% 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¥1,257.00 (0.88%) than the support at JP¥1,202.00 (3.53%), 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 Oisix ra daichi Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Oisix ra daichi Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.656 Buy Candidate Upgraded
Predicted Opening Price for Oisix ra daichi Inc. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥1,242.67 ( 0.268%) | JP¥1,246.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3182.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,272.67 | 2.14% |
| R2 | 1,261.21 | 1.22% |
| R1 | 1,254.13 | 0.652% |
| Price | 1,246.00 | |
| S1 | 1,231.21 | -1.19% |
| S2 | 1,224.13 | -1.76% |
| S3 | 1,212.67 | -2.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,317.00 | 5.70% |
| R2 | 1,282.00 | 2.89% |
| R1 | 1,257.00 | 0.88% |
| Price | 1,246.00 | |
| S1 | 1,202.00 | -3.53% |
| S2 | 1,199.00 | -3.77% |
| S3 | 1,185.00 | -4.90% |
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