Sekisui Jushi Corporation Stock Forecast

Red day on Friday for Sekisui Jushi Corporation stock after losing 2.43%
(Updated on May 17, 2024)

4212.T Signals & Forecast

There are few to no technical positive signals at the moment. The Sekisui Jushi Corporation 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¥2,513.71 and JP¥2,550.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -12.44%. 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.

Support, Risk & Stop-loss for Sekisui Jushi Corporation stock

Sekisui Jushi Corporation finds support from accumulated volume at JP¥2,345.00 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¥49.00 between high and low, or 2.10%. For the last week the stock has had daily average volatility of 3.04%.

Sekisui Jushi Corporation is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (4212.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Sekisui Jushi Corporation to open at JP¥2,359.67, and during the day (based on 14 day Average True Range), to move between JP¥2,302.70 and JP¥2,425.30, which gives a possible trading interval of +/-JP¥61.30 (+/-2.59%) up or down from last closing price. If Sekisui Jushi Corporation takes out the full calculated possible swing range there will be an estimated 5.19% 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¥2,345.00 (0.80%) than the resistance at JP¥2,544.00 (7.61%), 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 Jushi Corporation stock A Buy?

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

Current score: -2.040 Sell Candidate Unchanged

Predicted Opening Price for Sekisui Jushi Corporation of Monday, May 20, 2024

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