COLOPL,Inc. Stock Forecast

Stronger technical forecast for COLOPL,Inc. stock price after Friday trading.
(Updated on May 17, 2024)

3668.T Signals & Forecast

The COLOPL,Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥615.71. On a fall, the stock will find some support from the long-term average at approximately JP¥607.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, May 13, 2024, and so far it has fallen -2.86%. Further fall is indicated until a new bottom pivot has been found.

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

COLOPL,Inc. finds support from accumulated volume at JP¥607.00 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¥15.00 (2.47%) between high and low. For the last week, the stock has had daily average volatility of 2.29%.

Our recommended stop-loss: JP¥582.90 (-4.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (3668.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect COLOPL,Inc. to open at JP¥614.33, and during the day (based on 14 day Average True Range), to move between JP¥598.14 and JP¥625.86, which gives a possible trading interval of +/-JP¥13.86 (+/-2.27%) up or down from last closing price. If COLOPL,Inc. takes out the full calculated possible swing range there will be an estimated 4.53% 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¥614.00 (0.33%) than the support at JP¥607.00 (0.82%), 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 COLOPL,Inc. stock A Buy?

COLOPL,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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.332 Hold/Accumulate Upgraded

Predicted Opening Price for COLOPL,Inc. of Monday, May 20, 2024

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