Ricksoft Co.,Ltd. Stock Forecast
Ricksoft Co.,Ltd. stock downgraded to Sell Candidate
(Updated on May 10, 2024)
The Ricksoft Co.,Ltd. stock price fell by -1.37% on the last day (Friday, 10th May 2024) from JP¥2,050.00 to JP¥2,022.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.47% from a day low at JP¥2,021.00 to a day high of JP¥2,071.00. The price has been going up and down for this period, and there has been a -1.27% loss for the last 2 weeks. Volume has increased on the last day by 800 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, 8 thousand shares were bought and sold for approximately JP¥15.57 million.
The stock lies in the middle of a very 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 37.56% during the next 3 months and, with a 90% probability hold a price between JP¥2,393.89 and JP¥3,013.17 at the end of this 3-month period.
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4429.T Signals & Forecast
The Ricksoft Co.,Ltd. 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¥2,050.14. On a fall, the stock will find some support from the long-term average at approximately JP¥1,787.74. 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. 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 Thursday, April 25, 2024, and so far it has fallen -4.08%. 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 Ricksoft Co.,Ltd. stock
Ricksoft Co.,Ltd. finds support from accumulated volume at JP¥1,937.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥50.00 between high and low, or 2.47%. For the last week, the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: JP¥1,946.39 (-3.74%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (4429.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Ricksoft Co.,Ltd. to open at JP¥2,038.00, and during the day (based on 14 day Average True Range), to move between JP¥1,956.19 and JP¥2,087.81, which gives a possible trading interval of +/-JP¥65.81 (+/-3.25%) up or down from last closing price. If Ricksoft Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.51% 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¥2,038.00 (0.79%) than the support at JP¥1,937.00 (4.20%), 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 Ricksoft Co.,Ltd. stock A Buy?
Ricksoft Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.000 Sell Candidate Downgraded
Predicted Opening Price for Ricksoft Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥2,038.00 ( 0.791%) | JP¥2,022.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4429.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,088.00 | 3.26 % | |
| R2 | 2,068.90 | 2.32 % | ||
| R1 | 2,057.10 | 1.74 % | ||
| Current price: | 2,022.00 | |||
| Support | S1 | 2,018.90 | -0.153 % | |
| S2 | 2,007.10 | -0.737 % | ||
| S3 | 1,988.00 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,062.00 | 1.98 % | |
| R2 | 2,048.00 | 1.29 % | ||
| R1 | 2,038.00 | 0.791 % | ||
| Current price | 2,022.00 | |||
| Support | S1 | 1,937.00 | -4.20% | |
| S2 | 1,898.00 | -6.13% | ||
| S3 | 1,855.00 | -8.26% |
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