SHIFT Inc. Stock Forecast
SHIFT Inc. stock price ended at JP¥14,365.00 on Tuesday, after gaining 1.70%.
(Updated on May 07, 2024)
The SHIFT Inc. stock price gained 1.70% on the last trading day (Tuesday, 7th May 2024), rising from JP¥14,125.00 to JP¥14,365.00. During the last trading day the stock fluctuated 2.43% from a day low at JP¥14,185.00 to a day high of JP¥14,530.00. The price has fallen in 7 of the last 10 days and is down by -12.14% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 67 thousand more shares were traded than the day before. In total, 368 thousand shares were bought and sold for approximately JP¥5.29 billion.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥13,871.69 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -44.75% during the next 3 months and, with a 90% probability hold a price between JP¥7,663.61 and JP¥9,847.08 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3697.T Signals & Forecast
There are mixed signals in the stock today. The SHIFT Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥14,709.29 and JP¥20,125.00. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.70%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SHIFT Inc. stock
SHIFT Inc. finds support from accumulated volume at JP¥14,125.00 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¥345.00 between high and low, or 2.43%. For the last week, the stock has had daily average volatility of 3.23%.
SHIFT Inc. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3697.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect SHIFT Inc. to open at JP¥14,360.00, and during the day (based on 14 day Average True Range), to move between JP¥13,528.71 and JP¥15,201.29, which gives a possible trading interval of +/-JP¥836.29 (+/-5.82%) up or down from last closing price. If SHIFT Inc. takes out the full calculated possible swing range there will be an estimated 11.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥14,125.00 (1.67%) than the resistance at JP¥14,680.00 (2.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SHIFT Inc. stock A Buy?
SHIFT 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: -4.262 Sell Candidate Unchanged
Predicted Opening Price for SHIFT Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥14,360.00 ( 0.0348%) | JP¥14,365.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3697.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14,705.00 | 2.37 % | |
| R2 | 14,573.21 | 1.45 % | ||
| R1 | 14,491.79 | 0.88 % | ||
| Current price: | 14,365.00 | |||
| Support | S1 | 14,228.21 | -0.95 % | |
| S2 | 14,146.79 | -1.52 % | ||
| S3 | 14,015.00 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17,490.00 | 21.75 % | |
| R2 | 16,950.00 | 18.00 % | ||
| R1 | 14,680.00 | 2.19 % | ||
| Current price | 14,365.00 | |||
| Support | S1 | 14,125.00 | -1.67% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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