CARTA HOLDINGS,INC. Stock Forecast

Red day on Friday for CARTA HOLDINGS,INC. stock after losing 1.00%
(Updated on May 17, 2024)

3688.T Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -4.41%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The CARTA HOLDINGS,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¥1,705.57. On a fall, the stock will find some support from the long-term average at approximately JP¥1,678.69. 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.

Support, Risk & Stop-loss for CARTA HOLDINGS,INC. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,601.00 and JP¥1,589.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CARTA HOLDINGS,INC. finds support just below today's level at JP¥1,601.00. If this is broken, then the next support from accumulated volume will be at JP¥1,589.00 and JP¥1,572.00.

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¥22.00 between high and low, or 1.30%. For the last week the stock has had daily average volatility of 2.21%.

Our recommended stop-loss: JP¥1,623.51 (-3.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (3688.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect CARTA HOLDINGS,INC. to open at JP¥1,694.67, and during the day (based on 14 day Average True Range), to move between JP¥1,652.48 and JP¥1,727.52, which gives a possible trading interval of +/-JP¥37.52 (+/-2.22%) up or down from last closing price. If CARTA HOLDINGS,INC. takes out the full calculated possible swing range there will be an estimated 4.44% 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¥1,700.00 (0.59%) than the support at JP¥1,601.00 (5.27%), 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 CARTA HOLDINGS,INC. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.316 Buy Candidate Unchanged

Predicted Opening Price for CARTA HOLDINGS,INC. of Monday, May 20, 2024

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