SHINTO PAINT COMPANY,LIMITED Stock Forecast

SHINTO PAINT COMPANY,LIMITED stock upgraded to Hold/Accumulate.
(Updated on Apr 18, 2024)

4615.T Signals & Forecast

There are mixed signals in the stock today. The SHINTO PAINT COMPANY,LIMITED stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥129.23. On a fall, the stock will find some support from the short-term average at JP¥126.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 0.794%. 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.

Support, Risk & Stop-loss for SHINTO PAINT COMPANY,LIMITED stock

SHINTO PAINT COMPANY,LIMITED finds support from accumulated volume at JP¥126.00 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¥2.00 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 1.11%.

Our recommended stop-loss: JP¥119.80 (-5.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (4615.T) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect SHINTO PAINT COMPANY,LIMITED to open at JP¥127.00, and during the day (based on 14 day Average True Range), to move between JP¥124.98 and JP¥129.02, which gives a possible trading interval of +/-JP¥2.02 (+/-1.59%) up or down from last closing price. If SHINTO PAINT COMPANY,LIMITED takes out the full calculated possible swing range there will be an estimated 3.18% 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¥128.00 (0.79%) than the support at JP¥126.00 (0.79%), 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 SHINTO PAINT COMPANY,LIMITED stock A Buy?

SHINTO PAINT COMPANY,LIMITED 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: 0.825 Hold/Accumulate Upgraded

Predicted Opening Price for SHINTO PAINT COMPANY,LIMITED of Friday, April 19, 2024

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