Mercari,Inc. Stock Forecast
Red day on Friday for Mercari,Inc. stock after losing 0.572%
(Updated on Jun 28, 2024)
The Mercari,Inc. stock price fell by -0.572% on the last day (Friday, 28th Jun 2024) from JP¥2,009.00 to JP¥1,997.50. During the last trading day the stock fluctuated 4.36% from a day low at JP¥1,994.50 to a day high of JP¥2,081.50. The price has fallen in 7 of the last 10 days and is down by -7.84% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately JP¥12.71 billion.
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 14.34% during the next 3 months and, with a 90% probability hold a price between JP¥2,127.45 and JP¥2,574.03 at the end of this 3-month period.
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4385.T Signals & Forecast
The Mercari,Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,977.21 and JP¥1,979.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 4.28%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Mercari,Inc. stock
Mercari,Inc. finds support from accumulated volume at JP¥1,967.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥87.00 between high and low, or 4.36%. For the last week, the stock has had daily average volatility of 3.56%.
Our recommended stop-loss: JP¥1,905.20 (-4.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (4385.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Mercari,Inc. to open at JP¥2,024.50, and during the day (based on 14 day Average True Range), to move between JP¥1,920.41 and JP¥2,074.59, which gives a possible trading interval of +/-JP¥77.09 (+/-3.86%) up or down from last closing price. If Mercari,Inc. takes out the full calculated possible swing range there will be an estimated 7.72% 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¥2,000.00 (0.13%) than the support at JP¥1,967.00 (1.53%), 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 Mercari,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 Mercari,Inc. stock to perform well in the short-term.
Current score: 3.652 Buy Candidate Unchanged
Predicted Opening Price for Mercari,Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥2,024.50 ( 1.35%) | JP¥1,997.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4385.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,111.50 | 5.71% |
| R2 | 2,078.27 | 4.04% |
| R1 | 2,057.73 | 3.02% |
| Price | 1,997.50 | |
| S1 | 1,991.27 | -0.312% |
| S2 | 1,970.73 | -1.34% |
| S3 | 1,937.50 | -3.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,091.00 | 4.68% |
| R2 | 2,048.00 | 2.53% |
| R1 | 2,000.00 | 0.125% |
| Price | 1,997.50 | |
| S1 | 1,967.00 | -1.53% |
| S2 | 1,918.00 | -3.98% |
| S3 | 1,915.50 | -4.11% |
FAQ
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