TEMONA.inc. Stock Forecast
Green day on Thursday for TEMONA.inc. stock after gaining 1.27%
(Updated on Mar 28, 2024)
The TEMONA.inc. stock price gained 1.27% on the last trading day (Thursday, 28th Mar 2024), rising from JP¥237.00 to JP¥240.00. During the last trading day the stock fluctuated 1.69% from a day low at JP¥237.00 to a day high of JP¥241.00. The price has risen in 7 of the last 10 days and is up by 7.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately JP¥2.78 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.30% during the next 3 months and, with a 90% probability hold a price between JP¥197.82 and JP¥247.17 at the end of this 3-month period.
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3985.T Signals & Forecast
Mostly positive signals in the chart today. The TEMONA.inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥236.00 and JP¥235.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 7.62%. 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 TEMONA.inc. stock
TEMONA.inc. finds support from accumulated volume at JP¥236.00 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¥4.00 (1.69%) between high and low. For the last week, the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: JP¥229.69 (-4.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (3985.T) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect TEMONA.inc. to open at JP¥239.33, and during the day (based on 14 day Average True Range), to move between JP¥231.97 and JP¥248.03, which gives a possible trading interval of +/-JP¥8.03 (+/-3.35%) up or down from last closing price. If TEMONA.inc. takes out the full calculated possible swing range there will be an estimated 6.69% 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¥236.00 (1.67%) than the resistance at JP¥257.00 (7.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TEMONA.inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.977 Buy Candidate Unchanged
Predicted Opening Price for TEMONA.inc. of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
JP¥239.33 ( 0.278%) | JP¥240.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3985.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 243.33 | 1.39 % | |
R2 | 241.81 | 0.752 % | ||
R1 | 240.86 | 0.359 % | ||
Current price: | 240.00 | |||
Support | S1 | 237.81 | -0.91 % | |
S2 | 236.86 | -1.31 % | ||
S3 | 235.33 | -1.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 298.00 | 24.17 % | |
R2 | 281.00 | 17.08 % | ||
R1 | 257.00 | 7.08 % | ||
Current price | 240.00 | |||
Support | S1 | 236.00 | -1.67% | |
S2 | 232.00 | -3.33% | ||
S3 | 221.00 | -7.92% |
FAQ
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