OncoTherapy Science,Inc. Stock Forecast
OncoTherapy Science,Inc. stock price down 5.00% on Thursday
(Updated on Apr 18, 2024)
The OncoTherapy Science,Inc. stock price fell by -5.00% on the last day (Thursday, 18th Apr 2024) from JP¥20.00 to JP¥19.00. During the last trading day the stock fluctuated 5.26% from a day low at JP¥19.00 to a day high of JP¥20.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 286 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, 2 million shares were bought and sold for approximately JP¥43.26 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥18.98 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect OncoTherapy Science,Inc. stock with a 90% probability to be traded between JP¥18.88 and JP¥22.83 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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4564.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has fallen 0%. 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 OncoTherapy Science,Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥20.14 and JP¥20.83. A break-up above any of these levels will issue buy signals. 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 OncoTherapy Science,Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥18.00. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at JP¥ may give a huge drop in the stock price.
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¥1.00 between high and low, or 5.26%. For the last week, the stock has had daily average volatility of 6.32%.
Our recommended stop-loss: JP¥18.01 (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (4564.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect OncoTherapy Science,Inc. to open at JP¥19.33, and during the day (based on 14 day Average True Range), to move between JP¥17.58 and JP¥20.42, which gives a possible trading interval of +/-JP¥1.42 (+/-7.48%) up or down from last closing price. If OncoTherapy Science,Inc. takes out the full calculated possible swing range there will be an estimated 14.96% 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¥20.00 (5.26%) than the support at JP¥18.00 (5.26%), 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 OncoTherapy Science,Inc. stock A Buy?
OncoTherapy Science,Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.003 Hold/Accumulate Unchanged
Predicted Opening Price for OncoTherapy Science,Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| JP¥19.33 ( 1.75%) | JP¥19.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4564.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.33 | 7.02 % | |
| R2 | 19.95 | 5.01 % | ||
| R1 | 19.72 | 3.76 % | ||
| Current price: | 19.00 | |||
| Support | S1 | 18.95 | -0.256 % | |
| S2 | 18.72 | -1.50 % | ||
| S3 | 18.33 | -3.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.00 | 15.79 % | |
| R2 | 21.00 | 10.53 % | ||
| R1 | 20.00 | 5.26 % | ||
| Current price | 19.00 | |||
| Support | S1 | 18.00 | -5.26% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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