Money Forward,Inc. Stock Forecast
Money Forward,Inc. stock price ended at JP¥6,725.00 on Thursday, after gaining 0.149%.
(Updated on Mar 28, 2024)
The Money Forward,Inc. stock price gained 0.149% on the last trading day (Thursday, 28th Mar 2024), rising from JP¥6,715.00 to JP¥6,725.00. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.29% from a day low at JP¥6,584.00 to a day high of JP¥6,735.00. The price has risen in 8 of the last 10 days and is up by 4.54% over the past 2 weeks. Volume fell on the last day by -80 thousand shares and in total, 494 thousand shares were bought and sold for approximately JP¥3.32 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong 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 41.66% during the next 3 months and, with a 90% probability hold a price between JP¥8,709.98 and JP¥10,726.56 at the end of this 3-month period.
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3994.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -2.10%. 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). The Money Forward,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¥6,516.57 and JP¥6,252.14. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Money Forward,Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥5,343.00 and JP¥5,255.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Money Forward,Inc. finds support just below today's level at JP¥5,343.00. If this is broken, then the next support from accumulated volume will be at JP¥5,255.00 and JP¥5,196.00.
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¥151.00 between high and low, or 2.29%. For the last week, the stock has had daily average volatility of 2.58%.
Since the Money Forward,Inc. has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: JP¥6,488.02 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (3994.T) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect Money Forward,Inc. to open at JP¥6,681.33, and during the day (based on 14 day Average True Range), to move between JP¥6,501.17 and JP¥6,948.83, which gives a possible trading interval of +/-JP¥223.83 (+/-3.33%) up or down from last closing price. If Money Forward,Inc. takes out the full calculated possible swing range there will be an estimated 6.66% 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¥6,779.00 (0.80%) than the support at JP¥5,343.00 (20.55%), 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 Money Forward,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 Money Forward,Inc. stock to perform well in the short-term.
Current score: 1.423 Buy Candidate Unchanged
Predicted Opening Price for Money Forward,Inc. of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
JP¥6,681.33 ( 0.649%) | JP¥6,725.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3994.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6,832.33 | 1.60 % | |
R2 | 6,774.65 | 0.738 % | ||
R1 | 6,739.02 | 0.208 % | ||
Current price: | 6,725.00 | |||
Support | S1 | 6,623.65 | -1.51 % | |
S2 | 6,588.02 | -2.04 % | ||
S3 | 6,530.33 | -2.89 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 6,869.00 | 2.14 % | ||
R1 | 6,779.00 | 0.80 % | ||
Current price | 6,725.00 | |||
Support | S1 | 5,343.00 | -20.55% | |
S2 | 5,255.00 | -21.86% | ||
S3 | 5,196.00 | -22.74% |
FAQ
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