TEMONA.inc. Stock Forecast
Red day on Friday for TEMONA.inc. stock after losing 0.83%
(Updated on Apr 26, 2024)
The TEMONA.inc. stock price fell by -0.83% on the last day (Friday, 26th Apr 2024) from JP¥240.00 to JP¥238.00. During the last trading day the stock fluctuated 1.68% from a day low at JP¥238.00 to a day high of JP¥242.00. The price has been going up and down for this period, and there has been a -0.83% loss for the last 2 weeks. Volume has increased on the last day by 36 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 44 thousand shares were bought and sold for approximately JP¥10.54 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 -4.37% during the next 3 months and, with a 90% probability hold a price between JP¥207.77 and JP¥236.85 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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3985.T Signals & Forecast
The TEMONA.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¥238.86. On a fall, the stock will find some support from the long-term average at approximately JP¥237.49. 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. 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 Tuesday, April 02, 2024, and so far it has fallen -5.18%. 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.
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 (1.68%) between high and low. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3985.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th 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¥228.97 and JP¥247.03, which gives a possible trading interval of +/-JP¥9.03 (+/-3.79%) up or down from last closing price. If TEMONA.inc. takes out the full calculated possible swing range there will be an estimated 7.59% 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¥240.00 (0.84%) than the support at JP¥236.00 (0.84%), 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 TEMONA.inc. stock A Buy?
TEMONA.inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.065 Sell Candidate Unchanged
Predicted Opening Price for TEMONA.inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥239.33 ( 0.560%) | JP¥238.00 |
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 | 2.24 % | |
| R2 | 241.81 | 1.60 % | ||
| R1 | 240.86 | 1.20 % | ||
| Current price: | 238.00 | |||
| Support | S1 | 237.81 | -0.0818 % | |
| S2 | 236.86 | -0.478 % | ||
| S3 | 235.33 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 250.00 | 5.04 % | |
| R2 | 247.00 | 3.78 % | ||
| R1 | 240.00 | 0.84 % | ||
| Current price | 238.00 | |||
| Support | S1 | 236.00 | -0.84% | |
| S2 | 235.00 | -1.26% | ||
| S3 | 232.00 | -2.52% |
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