VALTES CO.,LTD. Stock Forecast
Green day on Friday for VALTES CO.,LTD. stock after gaining 1.23%
(Updated on May 10, 2024)
The VALTES CO.,LTD. stock price gained 1.23% on the last trading day (Friday, 10th May 2024), rising from JP¥486.00 to JP¥492.00. 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 2.07% from a day low at JP¥484.00 to a day high of JP¥494.00. The price has risen in 5 of the last 10 days and is up by 5.81% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 125 thousand shares were bought and sold for approximately JP¥61.65 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 -17.75% during the next 3 months and, with a 90% probability hold a price between JP¥353.33 and JP¥518.19 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4442.T Signals & Forecast
The VALTES 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¥469.43 and JP¥490.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 10.31%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for VALTES CO.,LTD. stock
VALTES CO.,LTD. finds support from accumulated volume at JP¥488.00 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¥10.00 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: JP¥475.67 (-3.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (4442.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect VALTES CO.,LTD. to open at JP¥490.00, and during the day (based on 14 day Average True Range), to move between JP¥475.89 and JP¥508.11, which gives a possible trading interval of +/-JP¥16.11 (+/-3.27%) up or down from last closing price. If VALTES CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.55% 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¥488.00 (0.81%) than the resistance at JP¥532.00 (8.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
VALTES CO.,LTD. will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for VALTES CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.63% in the first trading day after earnings release.
Is VALTES CO.,LTD. stock A Buy?
VALTES 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for VALTES CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥490.00 ( 0.407%) | JP¥492.00 |
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 | 500.00 | 1.63 % | |
| R2 | 496.18 | 0.85 % | ||
| R1 | 493.82 | 0.370 % | ||
| Current price: | 492.00 | |||
| Support | S1 | 486.18 | -1.18 % | |
| S2 | 483.82 | -1.66 % | ||
| S3 | 480.00 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 575.00 | 16.87 % | |
| R2 | 555.00 | 12.80 % | ||
| R1 | 532.00 | 8.13 % | ||
| Current price | 492.00 | |||
| Support | S1 | 488.00 | -0.81% | |
| S2 | 475.00 | -3.46% | ||
| S3 | 471.00 | -4.27% |
FAQ
Click here for our free guide on how to buy VALTES CO.,LTD. Stock.
