Welby Inc. Stock Forecast
Welby Inc. stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Welby Inc. stock price gained 1.32% on the last trading day (Friday, 28th Jun 2024), rising from JP¥531.00 to JP¥538.00. During the last trading day the stock fluctuated 2.45% from a day low at JP¥530.00 to a day high of JP¥543.00. The price has fallen in 6 of the last 10 days and is down by -2.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately JP¥8.72 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥519.31 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.30% during the next 3 months and, with a 90% probability hold a price between JP¥491.76 and JP¥658.78 at the end of this 3-month period.
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4438.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 1.51%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Welby Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥540.71 and JP¥553.60. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Welby Inc. stock
Welby Inc. finds support from accumulated volume at JP¥536.00 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¥13.00 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: JP¥508.17 (-5.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 53 days ago.)
Trading Expectations (4438.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Welby Inc. to open at JP¥537.00, and during the day (based on 14 day Average True Range), to move between JP¥517.10 and JP¥558.90, which gives a possible trading interval of +/-JP¥20.90 (+/-3.88%) up or down from last closing price. If Welby Inc. takes out the full calculated possible swing range there will be an estimated 7.77% 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¥536.00 (0.37%) than the resistance at JP¥592.00 (10.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Welby Inc. stock A Buy?
Welby Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.003 Hold/Accumulate Upgraded
Predicted Opening Price for Welby Inc. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
JP¥537.00 ( 0.186%) | JP¥538.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4438.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 550.00 | 2.23% |
R2 | 545.03 | 1.31% |
R1 | 541.97 | 0.737% |
Price | 538.00 | |
S1 | 532.03 | -1.11% |
S2 | 528.97 | -1.68% |
S3 | 524.00 | -2.60% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 670.00 | 24.54% |
R2 | 630.00 | 17.10% |
R1 | 592.00 | 10.04% |
Price | 538.00 | |
S1 | 536.00 | -0.372% |
S2 | 531.00 | -1.30% |
S3 | 530.00 | -1.49% |
FAQ
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