ZUU Co.,Ltd. Stock Forecast
ZUU Co.,Ltd. stock price ended at JP¥1,078.00 on Thursday, after gaining 0.279%.
(Updated on May 02, 2024)
The ZUU Co.,Ltd. stock price gained 0.279% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,075.00 to JP¥1,078.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.0929% from a day low at JP¥1,077.00 to a day high of JP¥1,078.00. The price has risen in 5 of the last 10 days and is up by 10.45% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately JP¥1.62 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak 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 5.55% during the next 3 months and, with a 90% probability hold a price between JP¥849.54 and JP¥1,323.28 at the end of this 3-month period.
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4387.T Signals & Forecast
The ZUU Co.,Ltd. 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¥1,011.00 and JP¥1,050.51. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -11.57%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ZUU Co.,Ltd. stock
ZUU Co.,Ltd. finds support from accumulated volume at JP¥1,071.00 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¥1.00 between high and low, or 0.0929%. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: JP¥1,023.88 (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (4387.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ZUU Co.,Ltd. to open at JP¥1,077.67, and during the day (based on 14 day Average True Range), to move between JP¥1,047.82 and JP¥1,108.18, which gives a possible trading interval of +/-JP¥30.18 (+/-2.80%) up or down from last closing price. If ZUU Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.60% 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¥1,083.00 (0.46%) than the support at JP¥1,071.00 (0.65%), 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.
Earnings coming up
ZUU Co.,Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for ZUU Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.08% in the first trading day after earnings release.
Is ZUU Co.,Ltd. stock A Buy?
ZUU Co.,Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.008 Hold/Accumulate Unchanged
Predicted Opening Price for ZUU Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,077.67 ( 0.0309%) | JP¥1,078.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4387.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,078.67 | 0.0618 % | |
| R2 | 1,078.28 | 0.0264 % | ||
| R1 | 1,078.05 | 0.0045 % | ||
| Current price: | 1,078.00 | |||
| Support | S1 | 1,077.28 | -0.0664 % | |
| S2 | 1,077.05 | -0.0882 % | ||
| S3 | 1,076.67 | -0.124 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,100.00 | 2.04 % | |
| R2 | 1,093.00 | 1.39 % | ||
| R1 | 1,083.00 | 0.464 % | ||
| Current price | 1,078.00 | |||
| Support | S1 | 1,071.00 | -0.649% | |
| S2 | 979.00 | -9.18% | ||
| S3 | 901.00 | -16.42% |
FAQ
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