Serverworks Co.,Ltd. Stock Forecast
Green day on Tuesday for Serverworks Co.,Ltd. stock after gaining 0.362%
(Updated on Apr 23, 2024)
The Serverworks Co.,Ltd. stock price gained 0.362% on the last trading day (Tuesday, 23rd Apr 2024), rising from JP¥2,485.00 to JP¥2,494.00. During the last trading day the stock fluctuated 5.38% from a day low at JP¥2,452.00 to a day high of JP¥2,584.00. The price has fallen in 8 of the last 10 days and is down by -25.66% for this period. Volume fell on the last day by -235 thousand shares and in total, 175 thousand shares were bought and sold for approximately JP¥435.45 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -26.68% during the next 3 months and, with a 90% probability hold a price between JP¥1,595.97 and JP¥2,719.92 at the end of this 3-month period.
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4434.T Signals & Forecast
There are mixed signals in the stock today. The Serverworks Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥3,418.49. On a fall, the stock will find some support from the short-term average at JP¥2,402.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.29%. Further rise is indicated until a new top pivot has been found. 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 Serverworks Co.,Ltd. stock
Serverworks Co.,Ltd. finds support from accumulated volume at JP¥2,485.00 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥132.00 between high and low, or 5.38%. For the last week, the stock has had daily average volatility of 6.51%.
Serverworks Co.,Ltd. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4434.T) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Serverworks Co.,Ltd. to open at JP¥2,510.00, and during the day (based on 14 day Average True Range), to move between JP¥2,303.72 and JP¥2,684.28, which gives a possible trading interval of +/-JP¥190.28 (+/-7.63%) up or down from last closing price. If Serverworks Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 15.26% 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¥2,485.00 (0.36%) than the resistance at JP¥2,616.00 (4.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Serverworks Co.,Ltd. stock A Buy?
Serverworks Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.907 Sell Candidate Unchanged
Predicted Opening Price for Serverworks Co.,Ltd. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| JP¥2,510.00 ( 0.642%) | JP¥2,494.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4434.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,642.00 | 5.93 % | |
| R2 | 2,591.58 | 3.91 % | ||
| R1 | 2,560.42 | 2.66 % | ||
| Current price: | 2,494.00 | |||
| Support | S1 | 2,459.58 | -1.38 % | |
| S2 | 2,428.42 | -2.63 % | ||
| S3 | 2,378.00 | -4.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2,616.00 | 4.89 % | ||
| Current price | 2,494.00 | |||
| Support | S1 | 2,485.00 | -0.361% | |
| S2 | 2,372.00 | -4.89% | ||
| S3 | 2,299.00 | -7.82% |
FAQ
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