JTEC CORPORATION Stock Forecast
Green day on Friday for JTEC CORPORATION
(Updated on May 10, 2024)
The JTEC CORPORATION stock price gained 0.393% on the last trading day (Friday, 10th May 2024), rising from JP¥2,037.00 to JP¥2,045.00. During the last trading day the stock fluctuated 2.51% from a day low at JP¥2,030.00 to a day high of JP¥2,081.00. The price has been going up and down for this period, and there has been a -1.68% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 23 thousand shares were bought and sold for approximately JP¥46.42 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect JTEC CORPORATION stock with a 90% probability to be traded between JP¥1,911.73 and JP¥2,151.08 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3446.T Signals & Forecast
The JTEC CORPORATION 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¥2,041.00 and JP¥2,018.03. 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 Tuesday, May 07, 2024, and so far it has fallen -1.73%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, April 30, 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.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 30, 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 JTEC CORPORATION stock
JTEC CORPORATION finds support from accumulated volume at JP¥2,015.00 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¥51.00 (2.51%) between high and low. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: JP¥1,954.44 (-4.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (3446.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect JTEC CORPORATION to open at JP¥2,052.00, and during the day (based on 14 day Average True Range), to move between JP¥1,987.06 and JP¥2,102.94, which gives a possible trading interval of +/-JP¥57.94 (+/-2.83%) up or down from last closing price. If JTEC CORPORATION takes out the full calculated possible swing range there will be an estimated 5.67% 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¥2,047.00 (0.10%) than the support at JP¥2,015.00 (1.47%), 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.
Earnings coming up
JTEC CORPORATION will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for JTEC CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.28% in the first trading day after earnings release.
Is JTEC CORPORATION stock A Buy?
JTEC CORPORATION 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: -0.131 Hold/Accumulate Unchanged
Predicted Opening Price for JTEC CORPORATION of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥2,052.00 ( 0.342%) | JP¥2,045.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3446.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,103.00 | 2.84 % | |
| R2 | 2,083.52 | 1.88 % | ||
| R1 | 2,071.48 | 1.29 % | ||
| Current price: | 2,045.00 | |||
| Support | S1 | 2,032.52 | -0.610 % | |
| S2 | 2,020.48 | -1.20 % | ||
| S3 | 2,001.00 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,131.00 | 4.21 % | |
| R2 | 2,105.00 | 2.93 % | ||
| R1 | 2,047.00 | 0.0978 % | ||
| Current price | 2,045.00 | |||
| Support | S1 | 2,015.00 | -1.47% | |
| S2 | 1,999.00 | -2.25% | ||
| S3 | 1,976.00 | -3.37% |
FAQ
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