AMUSE INC. Stock Forecast

Stronger technical forecast for AMUSE INC. stock price after Friday trading.
(Updated on May 17, 2024)

4301.T Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -1.30%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The AMUSE INC. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,601.86. On a fall, the stock will find some support from the long-term average at approximately JP¥1,582.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 AMUSE INC. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,499.00 and JP¥1,497.00. 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, AMUSE INC. finds support just below today's level at JP¥1,499.00. If this is broken, then the next support from accumulated volume will be at JP¥1,497.00 and JP¥1,490.00.

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¥46.00 between high and low, or 2.95%. For the last week the stock has had daily average volatility of 2.13%.

Our recommended stop-loss: JP¥1,535.99 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (4301.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect AMUSE INC. to open at JP¥1,589.00, and during the day (based on 14 day Average True Range), to move between JP¥1,573.92 and JP¥1,624.08, which gives a possible trading interval of +/-JP¥25.08 (+/-1.57%) up or down from last closing price. If AMUSE INC. takes out the full calculated possible swing range there will be an estimated 3.14% 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¥1,600.00 (0.06%) than the support at JP¥1,499.00 (6.25%), 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 AMUSE INC. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 3.263 Buy Candidate Upgraded

Predicted Opening Price for AMUSE INC. of Monday, May 20, 2024

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