infoNet inc. Stock Forecast
Weaker technical forecast for infoNet inc. as stock downgraded to Sell Candidate.
(Updated on Jun 14, 2024)
The infoNet inc. stock price fell by -2.79% on the last day (Friday, 14th Jun 2024) from JP¥1,217.00 to JP¥1,183.00. During the last trading day the stock fluctuated 4.33% from a day low at JP¥1,177.00 to a day high of JP¥1,228.00. The price has risen in 5 of the last 10 days and is up by 3.32% over the past 2 weeks. Volume has increased on the last day by 1 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, 4 thousand shares were bought and sold for approximately JP¥4.97 million.
The stock lies in the middle of a 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 -3.14% during the next 3 months and, with a 90% probability hold a price between JP¥1,009.94 and JP¥1,194.79 at the end of this 3-month period.
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4444.T Signals & Forecast
The infoNet inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,200.00. On a fall, the stock will find some support from the long-term average at approximately JP¥1,179.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -5.21%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for infoNet inc. stock
infoNet inc. finds support from accumulated volume at JP¥1,166.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥51.00 (4.33%) between high and low. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4444.T) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect infoNet inc. to open at JP¥1,196.00, and during the day (based on 14 day Average True Range), to move between JP¥1,142.46 and JP¥1,223.54, which gives a possible trading interval of +/-JP¥40.54 (+/-3.43%) up or down from last closing price. If infoNet inc. takes out the full calculated possible swing range there will be an estimated 6.85% 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¥1,166.00 (1.44%) than the resistance at JP¥1,205.00 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is infoNet inc. stock A Buy?
infoNet 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 Hold/Accumulate to a Sell candidate.
Current score: -3.382 Sell Candidate Downgraded
Predicted Opening Price for infoNet inc. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| JP¥1,196.00 ( 1.10%) | JP¥1,183.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4444.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,247.00 | 5.41% |
| R2 | 1,227.52 | 3.76% |
| R1 | 1,215.48 | 2.75% |
| Price | 1,183.00 | |
| S1 | 1,176.52 | -0.548% |
| S2 | 1,164.48 | -1.57% |
| S3 | 1,145.00 | -3.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,300.00 | 9.89% |
| R2 | 1,248.00 | 5.49% |
| R1 | 1,205.00 | 1.86% |
| Price | 1,183.00 | |
| S1 | 1,166.00 | -1.44% |
| S2 | 1,160.00 | -1.94% |
| S3 | 1,136.00 | -3.97% |
FAQ
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