SHARINGTECHNOLOGY.INC Stock Forecast
SHARINGTECHNOLOGY.INC stock downgraded to Hold/Accumulate
(Updated on Apr 25, 2024)
The SHARINGTECHNOLOGY.INC stock price fell by -1.73% on the last day (Thursday, 25th Apr 2024) from JP¥578.00 to JP¥568.00. During the last trading day the stock fluctuated 3.59% from a day low at JP¥557.00 to a day high of JP¥577.00. The price has risen in 7 of the last 10 days and is up by 9.02% over the past 2 weeks. Volume has increased on the last day by 28 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, 422 thousand shares were bought and sold for approximately JP¥239.41 million.
The stock lies in the middle of a very 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 -3.28% during the next 3 months and, with a 90% probability hold a price between JP¥403.75 and JP¥591.86 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3989.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.73%. 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. The SHARINGTECHNOLOGY.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¥567.57 and JP¥513.89. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for SHARINGTECHNOLOGY.INC stock
SHARINGTECHNOLOGY.INC finds support from accumulated volume at JP¥541.00 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¥20.00 between high and low, or 3.59%. For the last week, the stock has had daily average volatility of 3.96%.
Our recommended stop-loss: JP¥548.82 (-3.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (3989.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect SHARINGTECHNOLOGY.INC to open at JP¥567.33, and during the day (based on 14 day Average True Range), to move between JP¥543.52 and JP¥592.48, which gives a possible trading interval of +/-JP¥24.48 (+/-4.31%) up or down from last closing price. If SHARINGTECHNOLOGY.INC takes out the full calculated possible swing range there will be an estimated 8.62% 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¥578.00 (1.76%) than the support at JP¥541.00 (4.75%), 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 SHARINGTECHNOLOGY.INC stock A Buy?
SHARINGTECHNOLOGY.INC 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.113 Hold/Accumulate Downgraded
Predicted Opening Price for SHARINGTECHNOLOGY.INC of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥567.33 ( 0.117%) | JP¥568.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3989.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 587.33 | 3.40 % | |
| R2 | 579.69 | 2.06 % | ||
| R1 | 574.97 | 1.23 % | ||
| Current price: | 568.00 | |||
| Support | S1 | 559.69 | -1.46 % | |
| S2 | 554.97 | -2.29 % | ||
| S3 | 547.33 | -3.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 629.00 | 10.74 % | |
| R2 | 626.00 | 10.21 % | ||
| R1 | 578.00 | 1.76 % | ||
| Current price | 568.00 | |||
| Support | S1 | 541.00 | -4.75% | |
| S2 | 530.00 | -6.69% | ||
| S3 | 490.00 | -13.73% |
FAQ
Click here for our free guide on how to buy SHARINGTECHNOLOGY.INC Stock.
