infoNet inc. Stock Forecast
infoNet inc. stock price ended at JP¥1,210.00 on Tuesday, after gaining 0.666%.
(Updated on Jun 25, 2024)
The infoNet inc. stock price gained 0.666% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥1,202.00 to JP¥1,210.00. During the last trading day the stock fluctuated 2.11% from a day low at JP¥1,185.00 to a day high of JP¥1,210.00. The price has been going up and down for this period, and there has been a -1.06% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 300 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately JP¥3.15 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect infoNet inc. stock with a 90% probability to be traded between JP¥1,104.41 and JP¥1,283.06 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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4444.T Signals & Forecast
Mostly positive signals in the chart today. The infoNet 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¥1,191.00 and JP¥1,186.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 6.80%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for infoNet inc. stock
infoNet inc. finds support from accumulated volume at JP¥1,205.00 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¥25.00 (2.11%) between high and low. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: JP¥1,152.93 (-4.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (4444.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect infoNet inc. to open at JP¥1,201.67, and during the day (based on 14 day Average True Range), to move between JP¥1,171.47 and JP¥1,248.53, which gives a possible trading interval of +/-JP¥38.53 (+/-3.18%) up or down from last closing price. If infoNet inc. takes out the full calculated possible swing range there will be an estimated 6.37% 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¥1,205.00 (0.41%) than the resistance at JP¥1,221.00 (0.91%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for infoNet inc. stock to perform well in the short-term period.
Current score: 1.014 Buy Candidate Unchanged
Predicted Opening Price for infoNet inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥1,201.67 ( 0.689%) | JP¥1,210.00 |
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 | 1,226.67 | 1.38% |
| R2 | 1,217.12 | 0.588% |
| R1 | 1,211.22 | 0.101% |
| Price | 1,210.00 | |
| S1 | 1,192.12 | -1.48% |
| S2 | 1,186.22 | -1.97% |
| S3 | 1,176.67 | -2.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,248.00 | 3.14% |
| R2 | 1,228.00 | 1.49% |
| R1 | 1,221.00 | 0.91% |
| Price | 1,210.00 | |
| S1 | 1,205.00 | -0.413% |
| S2 | 1,183.00 | -2.23% |
| S3 | 1,160.00 | -4.13% |
FAQ
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