Ecomott Inc. Stock Forecast
Ecomott Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Ecomott Inc. stock price fell by -1.23% on the last day (Friday, 26th Apr 2024) from JP¥489.00 to JP¥483.00. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 3.33% from a day low at JP¥480.00 to a day high of JP¥496.00. The price has fallen in 7 of the last 10 days but is still up by 0.42% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 thousand shares and in total, 114 thousand shares were bought and sold for approximately JP¥55.11 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.17% during the next 3 months and, with a 90% probability hold a price between JP¥467.19 and JP¥711.63 at the end of this 3-month period.
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3987.T Signals & Forecast
The Ecomott 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¥529.86. On a fall, the stock will find some support from the long-term average at approximately JP¥449.43. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, April 18, 2024, and so far it has fallen -26.03%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ecomott Inc. stock
Ecomott Inc. finds support from accumulated volume at JP¥481.00 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¥16.00 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 8.28%.
Our recommended stop-loss: JP¥454.79 (-5.84%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (3987.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Ecomott Inc. to open at JP¥486.33, and during the day (based on 14 day Average True Range), to move between JP¥442.80 and JP¥523.20, which gives a possible trading interval of +/-JP¥40.20 (+/-8.32%) up or down from last closing price. If Ecomott Inc. takes out the full calculated possible swing range there will be an estimated 16.65% 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¥481.00 (0.41%) than the resistance at JP¥511.00 (5.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ecomott Inc. 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 Ecomott Inc. 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: 1.984 Buy Candidate Upgraded
Predicted Opening Price for Ecomott Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥486.33 ( 0.690%) | JP¥483.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3987.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 502.33 | 4.00 % | |
| R2 | 496.22 | 2.74 % | ||
| R1 | 492.45 | 1.96 % | ||
| Current price: | 483.00 | |||
| Support | S1 | 480.22 | -0.575 % | |
| S2 | 476.45 | -1.36 % | ||
| S3 | 470.33 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 553.00 | 14.49 % | |
| R2 | 528.00 | 9.32 % | ||
| R1 | 511.00 | 5.80 % | ||
| Current price | 483.00 | |||
| Support | S1 | 481.00 | -0.414% | |
| S2 | 473.00 | -2.07% | ||
| S3 | 449.00 | -7.04% |
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