SanBio Company Limited Stock Forecast
SanBio Company Limited stock upgraded to Buy Candidate.
(Updated on May 16, 2024)
The SanBio Company Limited stock price gained 0.233% on the last trading day (Thursday, 16th May 2024), rising from JP¥429.00 to JP¥430.00. During the last trading day the stock fluctuated 3.06% from a day low at JP¥425.00 to a day high of JP¥438.00. 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 fell on the last day by -259 thousand shares and in total, 372 thousand shares were bought and sold for approximately JP¥159.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 -45.94% during the next 3 months and, with a 90% probability hold a price between JP¥101.24 and JP¥277.10 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.
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4592.T Signals & Forecast
The SanBio Company Limited 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¥425.71 and JP¥424.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 10.26%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SanBio Company Limited stock
SanBio Company Limited finds support from accumulated volume at JP¥424.00 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¥13.00 between high and low, or 3.06%. For the last week the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: JP¥413.21 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (4592.T) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect SanBio Company Limited to open at JP¥431.00, and during the day (based on 14 day Average True Range), to move between JP¥411.43 and JP¥448.57, which gives a possible trading interval of +/-JP¥18.57 (+/-4.32%) up or down from last closing price. If SanBio Company Limited takes out the full calculated possible swing range there will be an estimated 8.64% 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¥424.00 (1.40%) than the resistance at JP¥439.00 (2.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SanBio Company Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.064 Buy Candidate Upgraded
Predicted Opening Price for SanBio Company Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| JP¥431.00 ( 0.233%) | JP¥430.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4592.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 444.00 | 3.26 % | |
| R2 | 439.03 | 2.10 % | ||
| R1 | 435.97 | 1.39 % | ||
| Current price: | 430.00 | |||
| Support | S1 | 426.03 | -0.92 % | |
| S2 | 422.97 | -1.64 % | ||
| S3 | 418.00 | -2.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 466.00 | 8.37 % | |
| R2 | 445.00 | 3.49 % | ||
| R1 | 439.00 | 2.09 % | ||
| Current price | 430.00 | |||
| Support | S1 | 424.00 | -1.40% | |
| S2 | 421.00 | -2.09% | ||
| S3 | 392.00 | -8.84% |
FAQ
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