Sekisui Chemical Co.,Ltd. Stock Forecast

Sekisui Chemical Co.,Ltd. stock price up 0.0678% on Monday
(Updated on May 20, 2024)

4204.T Signals & Forecast

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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sekisui Chemical Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥2,235.36 and JP¥2,238.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -3.74%. 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 stock had a Golden Star Signal on Thursday, February 29, 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 Sekisui Chemical Co.,Ltd. stock

Sekisui Chemical Co.,Ltd. finds support from accumulated volume at JP¥2,188.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥26.00 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 1.44%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (4204.T) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Sekisui Chemical Co.,Ltd. to open at JP¥2,215.17, and during the day (based on 14 day Average True Range), to move between JP¥2,174.80 and JP¥2,256.20, which gives a possible trading interval of +/-JP¥40.70 (+/-1.84%) up or down from last closing price. If Sekisui Chemical Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.67% 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¥2,188.50 (1.22%) than the resistance at JP¥2,244.00 (1.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sekisui Chemical Co.,Ltd. stock A Buy?

The Sekisui Chemical Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Sekisui Chemical Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.047 Sell Candidate Unchanged

Predicted Opening Price for Sekisui Chemical Co.,Ltd. of Tuesday, May 21, 2024

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