Daio Paper Corporation Stock Forecast

Daio Paper Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 23, 2024)

3880.T Signals & Forecast

There are mixed signals in the stock today. The Daio Paper Corporation 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¥1,160.70. On a fall, the stock will find some support from the short-term average at JP¥1,130.07. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.79%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Daio Paper Corporation stock

Daio Paper Corporation finds support from accumulated volume at JP¥1,110.00 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¥17.00 (1.51%) between high and low. For the last week, the stock has had daily average volatility of 1.81%.

Our recommended stop-loss: JP¥1,089.49 (-4.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (3880.T) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Daio Paper Corporation to open at JP¥1,136.00, and during the day (based on 14 day Average True Range), to move between JP¥1,115.71 and JP¥1,166.29, which gives a possible trading interval of +/-JP¥25.29 (+/-2.22%) up or down from last closing price. If Daio Paper Corporation takes out the full calculated possible swing range there will be an estimated 4.43% 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¥1,143.00 (0.18%) than the support at JP¥1,110.00 (2.72%), 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 Daio Paper Corporation stock A Buy?

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

Current score: 0.251 Hold/Accumulate Upgraded

Predicted Opening Price for Daio Paper Corporation of Wednesday, April 24, 2024

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