Money Forward,Inc. Stock Forecast
Money Forward,Inc. stock price up 0.705% on Friday
(Updated on Apr 26, 2024)
The Money Forward,Inc. stock price gained 0.705% on the last trading day (Friday, 26th Apr 2024), rising from JP¥5,529.00 to JP¥5,568.00. During the last trading day the stock fluctuated 2.79% from a day low at JP¥5,417.00 to a day high of JP¥5,568.00. The price has fallen in 6 of the last 10 days and is down by -7.78% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 88 thousand more shares were traded than the day before. In total, 410 thousand shares were bought and sold for approximately JP¥2.29 billion.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Money Forward,Inc. stock with a 90% probability to be traded between JP¥5,057.52 and JP¥6,739.60 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3994.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.69%. Further rise is indicated until a new top pivot has been found. 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. The Money Forward,Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥6,110.89. On a fall, the stock will find some support from the short-term average at JP¥5,441.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Money Forward,Inc. stock
Money Forward,Inc. finds support from accumulated volume at JP¥5,495.00 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥151.00 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 4.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3994.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Money Forward,Inc. to open at JP¥5,517.67, and during the day (based on 14 day Average True Range), to move between JP¥5,293.03 and JP¥5,842.97, which gives a possible trading interval of +/-JP¥274.97 (+/-4.94%) up or down from last closing price. If Money Forward,Inc. takes out the full calculated possible swing range there will be an estimated 9.88% 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¥5,613.00 (0.81%) than the support at JP¥5,495.00 (1.31%), 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?
Money Forward,Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.988 Sell Candidate Unchanged
Predicted Opening Price for Money Forward,Inc. of Tuesday, April 30, 2024
Fair opening price April 30, 2024 | Current price |
---|---|
JP¥5,517.67 ( 0.90%) | JP¥5,568.00 |
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 | 5,668.67 | 1.81 % | |
R2 | 5,610.98 | 0.772 % | ||
R1 | 5,575.35 | 0.132 % | ||
Current price: | 5,568.00 | |||
Support | S1 | 5,459.98 | -1.94 % | |
S2 | 5,424.35 | -2.58 % | ||
S3 | 5,366.67 | -3.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6,610.00 | 18.71 % | |
R2 | 6,587.00 | 18.30 % | ||
R1 | 5,613.00 | 0.81 % | ||
Current price | 5,568.00 | |||
Support | S1 | 5,495.00 | -1.31% | |
S2 | 5,463.00 | -1.89% | ||
S3 | 5,219.00 | -6.27% |
FAQ
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