LOCONDO,Inc. Stock Forecast

LOCONDO,Inc. stock price down 0.589% on Wednesday
(Updated on May 08, 2024)

3558.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 20.92%. Further rise is indicated until a new top pivot has been found. 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. The LOCONDO,Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,124.86. On a fall, the stock will find some support from the short-term average at JP¥1,489.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for LOCONDO,Inc. stock

LOCONDO,Inc. finds support from accumulated volume at JP¥1,512.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥36.00 between high and low, or 2.39%. For the last week, the stock has had daily average volatility of 4.63%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (3558.T) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect LOCONDO,Inc. to open at JP¥1,521.33, and during the day (based on 14 day Average True Range), to move between JP¥1,410.76 and JP¥1,629.24, which gives a possible trading interval of +/-JP¥109.24 (+/-7.19%) up or down from last closing price. If LOCONDO,Inc. takes out the full calculated possible swing range there will be an estimated 14.37% 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¥1,524.00 (0.26%) than the support at JP¥1,512.00 (0.53%), 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 LOCONDO,Inc. stock A Buy?

LOCONDO,Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.613 Sell Candidate Unchanged

Predicted Opening Price for LOCONDO,Inc. of Thursday, May 9, 2024

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