RaQualia Pharma Inc. Stock Forecast
RaQualia Pharma Inc. stock upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The RaQualia Pharma Inc. stock price gained 0.96% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥625.00 to JP¥631.00. During the last trading day the stock fluctuated 1.76% from a day low at JP¥624.00 to a day high of JP¥635.00. The price has been going up and down for this period, and there has been a 3.61% gain 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, 34 thousand more shares were traded than the day before. In total, 94 thousand shares were bought and sold for approximately JP¥59.44 million.
Given the current horizontal trend, you can expect RaQualia Pharma Inc. stock with a 90% probability to be traded between JP¥521.70 and JP¥619.48 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4579.T Signals & Forecast
Mostly positive signals in the chart today. The RaQualia Pharma 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¥620.00 and JP¥589.11. 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 17.94%. 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 RaQualia Pharma Inc. stock
RaQualia Pharma Inc. finds support from accumulated volume at JP¥609.00 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¥11.00 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 1.66%.
The RaQualia Pharma Inc. stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥609.29 (-3.44%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (4579.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect RaQualia Pharma Inc. to open at JP¥630.00, and during the day (based on 14 day Average True Range), to move between JP¥617.24 and JP¥644.76, which gives a possible trading interval of +/-JP¥13.76 (+/-2.18%) up or down from last closing price. If RaQualia Pharma Inc. takes out the full calculated possible swing range there will be an estimated 4.36% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥609.00, some JP¥22.00 (3.49%) from the current price of JP¥631.00, our system finds the risk reward attractive.
Is RaQualia Pharma 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 RaQualia Pharma Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.164 Buy Candidate Upgraded
Predicted Opening Price for RaQualia Pharma Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥630.00 ( 0.158%) | JP¥631.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4579.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 641.00 | 1.58% |
| R2 | 636.80 | 0.92% |
| R1 | 634.20 | 0.507% |
| Price | 631.00 | |
| S1 | 625.80 | -0.82% |
| S2 | 623.20 | -1.24% |
| S3 | 619.00 | -1.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 631.00 | |
| S1 | 609.00 | -3.49% |
| S2 | 603.00 | -4.44% |
| S3 | 598.00 | -5.23% |
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