Sansan,Inc. Stock Forecast
Sansan,Inc. stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on May 31, 2024)
The Sansan,Inc. stock price fell by -1.70% on the last day (Friday, 31st May 2024) from JP¥1,644.00 to JP¥1,616.00. During the last trading day the stock fluctuated 3.07% from a day low at JP¥1,598.00 to a day high of JP¥1,647.00. The price has risen in 7 of the last 10 days and is up by 3.46% over the past 2 weeks. Volume has increased on the last day by 482 thousand 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, 1 million shares were bought and sold for approximately JP¥2.25 billion.
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¥1,639.62 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 -13.82% during the next 3 months and, with a 90% probability hold a price between JP¥1,081.32 and JP¥1,413.05 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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4443.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -1.70%. 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. The Sansan,Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,611.29 and JP¥1,529.97. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Sansan,Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,535.00 and JP¥1,445.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sansan,Inc. finds support just below today's level at JP¥1,535.00. If this is broken, then the next support from accumulated volume will be at JP¥1,445.00 and JP¥1,411.00.
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¥49.00 between high and low, or 3.07%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4443.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Sansan,Inc. to open at JP¥1,620.33, and during the day (based on 14 day Average True Range), to move between JP¥1,561.53 and JP¥1,670.47, which gives a possible trading interval of +/-JP¥54.47 (+/-3.37%) up or down from last closing price. If Sansan,Inc. takes out the full calculated possible swing range there will be an estimated 6.74% 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¥1,682.00 (4.08%) than the support at JP¥1,535.00 (5.01%), 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 Sansan,Inc. stock A Buy?
Sansan,Inc. 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. 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: -1.296 Sell Candidate Downgraded
Predicted Opening Price for Sansan,Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥1,620.33 ( 0.268%) | JP¥1,616.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4443.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,669.33 | 3.30 % | |
| R2 | 1,650.62 | 2.14 % | ||
| R1 | 1,639.05 | 1.43 % | ||
| Current price: | 1,616.00 | |||
| Support | S1 | 1,601.62 | -0.89 % | |
| S2 | 1,590.05 | -1.61 % | ||
| S3 | 1,571.33 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,762.00 | 9.03 % | |
| R2 | 1,732.00 | 7.18 % | ||
| R1 | 1,682.00 | 4.08 % | ||
| Current price | 1,616.00 | |||
| Support | S1 | 1,535.00 | -5.01% | |
| S2 | 1,445.00 | -10.58% | ||
| S3 | 1,411.00 | -12.69% |
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