Fuso Pharmaceutical Industries,Ltd. Stock Forecast

Fuso Pharmaceutical Industries,Ltd. stock price ended at JP¥2,214.00 on Thursday, after losing 0.762%.
(Updated on Apr 25, 2024)

4538.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 3.36%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fuso Pharmaceutical Industries,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,246.34. On a fall, the stock will find some support from the short-term average at JP¥2,212.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Fuso Pharmaceutical Industries,Ltd. stock

Fuso Pharmaceutical Industries,Ltd. finds support from accumulated volume at JP¥2,212.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥25.00 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.61%.

Our recommended stop-loss: JP¥2,089.17 (-5.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (4538.T) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Fuso Pharmaceutical Industries,Ltd. to open at JP¥2,218.33, and during the day (based on 14 day Average True Range), to move between JP¥2,174.43 and JP¥2,253.57, which gives a possible trading interval of +/-JP¥39.57 (+/-1.79%) up or down from last closing price. If Fuso Pharmaceutical Industries,Ltd. takes out the full calculated possible swing range there will be an estimated 3.57% 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¥2,212.00 (0.09%) than the resistance at JP¥2,299.00 (3.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Fuso Pharmaceutical Industries,Ltd. 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 Fuso Pharmaceutical Industries,Ltd. stock to perform well in the short-term period.

Current score: 1.344 Buy Candidate Unchanged

Predicted Opening Price for Fuso Pharmaceutical Industries,Ltd. of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.