SEIKAGAKU CORPORATION Stock Forecast

SEIKAGAKU CORPORATION stock price ended at JP¥784.00 on Monday, after losing 0%.
(Updated on May 20, 2024)

4548.T Signals & Forecast

The SEIKAGAKU CORPORATION 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¥768.57 and JP¥753.80. A breakdown below any of these levels will issue sell signals. 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 Friday, May 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The stock had a Golden Star Signal on Tuesday, March 19, 2024 in the short-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 SEIKAGAKU CORPORATION stock

SEIKAGAKU CORPORATION finds support from accumulated volume at JP¥776.00 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¥9.00 (1.16%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.

The SEIKAGAKU CORPORATION stock is extremely overbought on RSI14 (80). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: JP¥757.34 (-3.40%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (4548.T) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect SEIKAGAKU CORPORATION to open at JP¥781.00, and during the day (based on 14 day Average True Range), to move between JP¥772.71 and JP¥795.29, which gives a possible trading interval of +/-JP¥11.29 (+/-1.44%) up or down from last closing price. If SEIKAGAKU CORPORATION takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥776.00, some JP¥8.00 (1.02%) from the current price of JP¥784.00, our system finds the risk reward attractive.

Is SEIKAGAKU CORPORATION stock A Buy?

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for SEIKAGAKU CORPORATION stock to perform well in the short-term period.

Current score: 1.128 Buy Candidate Unchanged

Predicted Opening Price for SEIKAGAKU CORPORATION of Tuesday, May 21, 2024

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