VALTES CO.,LTD. Stock Forecast
VALTES CO.,LTD. stock price down 1.33% on Friday
(Updated on Apr 26, 2024)
The VALTES CO.,LTD. stock price fell by -1.33% on the last day (Friday, 26th Apr 2024) from JP¥452.00 to JP¥446.00. During the last trading day the stock fluctuated 2.95% from a day low at JP¥441.00 to a day high of JP¥454.00. The price has been going up and down for this period, and there has been a -5.31% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -22 thousand shares and in total, 134 thousand shares were bought and sold for approximately JP¥59.76 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥451.20 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -40.94% during the next 3 months and, with a 90% probability hold a price between JP¥155.00 and JP¥266.50 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4442.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The VALTES CO.,LTD. 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¥460.86 and JP¥510.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -26.28%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for VALTES CO.,LTD. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 2.95%. For the last week, the stock has had daily average volatility of 2.39%.
VALTES CO.,LTD. is oversold on RSI14 (19). 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 (4442.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect VALTES CO.,LTD. to open at JP¥447.00, and during the day (based on 14 day Average True Range), to move between JP¥428.57 and JP¥463.43, which gives a possible trading interval of +/-JP¥17.43 (+/-3.91%) up or down from last closing price. If VALTES CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥531.00, some JP¥85.00 (19.06%) from the current price of JP¥446.00, our system finds the risk reward not very attractive.
Is VALTES CO.,LTD. stock A Buy?
VALTES CO.,LTD. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.233 Strong Sell Candidate Unchanged
Predicted Opening Price for VALTES CO.,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥447.00 ( 0.224%) | JP¥446.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4442.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 460.00 | 3.14 % | |
| R2 | 455.03 | 2.03 % | ||
| R1 | 451.97 | 1.34 % | ||
| Current price: | 446.00 | |||
| Support | S1 | 442.03 | -0.89 % | |
| S2 | 438.97 | -1.58 % | ||
| S3 | 434.00 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 555.00 | 24.44 % | |
| R2 | 532.00 | 19.28 % | ||
| R1 | 531.00 | 19.06 % | ||
| Current price | 446.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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