RaQualia Pharma Inc. Stock Forecast
RaQualia Pharma Inc. stock upgraded to Hold/Accumulate.
(Updated on Apr 24, 2024)
The RaQualia Pharma Inc. stock price gained 0.99% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥609.00 to JP¥615.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.96% from a day low at JP¥611.00 to a day high of JP¥623.00. The price has fallen in 5 of the last 10 days and is down by -0.16% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 105 thousand shares were bought and sold for approximately JP¥64.33 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.53% during the next 3 months and, with a 90% probability hold a price between JP¥526.56 and JP¥580.24 at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4579.T Signals & Forecast
The RaQualia Pharma 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¥605.14 and JP¥613.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.06%. 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¥614.00 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¥12.00 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: JP¥587.82 (-4.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (4579.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect RaQualia Pharma Inc. to open at JP¥616.33, and during the day (based on 14 day Average True Range), to move between JP¥600.71 and JP¥629.29, which gives a possible trading interval of +/-JP¥14.29 (+/-2.32%) up or down from last closing price. If RaQualia Pharma Inc. takes out the full calculated possible swing range there will be an estimated 4.65% 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¥614.00 (0.16%) than the resistance at JP¥640.00 (4.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RaQualia Pharma Inc. stock A Buy?
RaQualia Pharma Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.475 Hold/Accumulate Upgraded
Predicted Opening Price for RaQualia Pharma Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥616.33 ( 0.217%) | JP¥615.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 628.33 | 2.17 % | |
| R2 | 623.75 | 1.42 % | ||
| R1 | 620.92 | 0.96 % | ||
| Current price: | 615.00 | |||
| Support | S1 | 611.75 | -0.529 % | |
| S2 | 608.92 | -0.99 % | ||
| S3 | 604.33 | -1.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 642.00 | 4.39 % | |
| R2 | 641.00 | 4.23 % | ||
| R1 | 640.00 | 4.07 % | ||
| Current price | 615.00 | |||
| Support | S1 | 614.00 | -0.163% | |
| S2 | 608.00 | -1.14% | ||
| S3 | 603.00 | -1.95% |
FAQ
Click here for our free guide on how to buy RaQualia Pharma Inc. Stock.
