Cyber Security Cloud , Inc. Stock Forecast
Cyber Security Cloud , Inc. stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Cyber Security Cloud , Inc. stock price gained 1.19% on the last trading day (Friday, 28th Jun 2024), rising from JP¥2,267.00 to JP¥2,294.00. During the last trading day the stock fluctuated 2.42% from a day low at JP¥2,272.00 to a day high of JP¥2,327.00. The price has fallen in 6 of the last 10 days but is still up by 5.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 thousand more shares were traded than the day before. In total, 125 thousand shares were bought and sold for approximately JP¥286.75 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥2,281.32, a level that may pose a second chance to hit a runner. According to fan-theory JP¥2,501.24 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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4493.T Signals & Forecast
The Cyber Security Cloud , Inc. 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¥2,210.00 and JP¥2,226.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 9.66%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cyber Security Cloud , Inc. stock
Cyber Security Cloud , Inc. finds support from accumulated volume at JP¥2,216.00 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¥55.00 between high and low, or 2.42%. For the last week, the stock has had daily average volatility of 3.05%.
Our recommended stop-loss: JP¥2,181.26 (-4.91%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (4493.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Cyber Security Cloud , Inc. to open at JP¥2,297.67, and during the day (based on 14 day Average True Range), to move between JP¥2,223.64 and JP¥2,364.36, which gives a possible trading interval of +/-JP¥70.36 (+/-3.07%) up or down from last closing price. If Cyber Security Cloud , Inc. takes out the full calculated possible swing range there will be an estimated 6.13% 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¥2,300.00 (0.26%) than the support at JP¥2,216.00 (3.40%), 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 Cyber Security Cloud , Inc. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.250 Buy Candidate Upgraded
Predicted Opening Price for Cyber Security Cloud , Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥2,297.67 ( 0.160%) | JP¥2,294.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4493.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,352.67 | 2.56% |
| R2 | 2,331.66 | 1.64% |
| R1 | 2,318.68 | 1.08% |
| Price | 2,294.00 | |
| S1 | 2,276.66 | -0.756% |
| S2 | 2,263.68 | -1.32% |
| S3 | 2,242.67 | -2.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,360.00 | 2.88% |
| R2 | 2,355.00 | 2.66% |
| R1 | 2,300.00 | 0.262% |
| Price | 2,294.00 | |
| S1 | 2,216.00 | -3.40% |
| S2 | 2,213.00 | -3.53% |
| S3 | 2,157.00 | -5.97% |
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