bBreak Systems Company,Limited Stock Forecast

bBreak Systems Company,Limited stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)

3986.T Signals & Forecast

The bBreak Systems Company,Limited 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¥1,748.14 and JP¥1,641.49. A breakdown below any of these levels will issue sell signals. 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. 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 Friday, June 14, 2024, and so far it has fallen -1.01%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, May 13, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for bBreak Systems Company,Limited stock

bBreak Systems Company,Limited finds support from accumulated volume at JP¥1,739.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥52.00 between high and low, or 3.05%. For the last week, the stock has had daily average volatility of 1.32%.

Our recommended stop-loss: JP¥1,686.42 (-4.13%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (3986.T) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect bBreak Systems Company,Limited to open at JP¥1,741.67, and during the day (based on 14 day Average True Range), to move between JP¥1,723.63 and JP¥1,794.37, which gives a possible trading interval of +/-JP¥35.37 (+/-2.01%) up or down from last closing price. If bBreak Systems Company,Limited takes out the full calculated possible swing range there will be an estimated 4.02% 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¥1,765.00 (0.34%) than the support at JP¥1,739.00 (1.14%), 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 bBreak Systems Company,Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for bBreak Systems Company,Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.133 Buy Candidate Upgraded

Predicted Opening Price for bBreak Systems Company,Limited of Thursday, June 27, 2024

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