SAKATA INX CORPORATION Stock Forecast

Evaluation of SAKATA INX CORPORATION stock downgraded after the last trading session.
(Updated on Apr 19, 2024)

4633.T Signals & Forecast

There are few to no technical positive signals at the moment. The SAKATA INX CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥1,597.57 and JP¥1,523.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -8.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 SAKATA INX CORPORATION stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,421.00 and JP¥1,413.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SAKATA INX CORPORATION finds support just below today's level at JP¥1,421.00. If this is broken, then the next support from accumulated volume will be at JP¥1,413.00 and JP¥1,309.00.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥55.00 (3.67%) between high and low. For the last week, the stock has had daily average volatility of 2.64%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (4633.T) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect SAKATA INX CORPORATION to open at JP¥1,522.67, and during the day (based on 14 day Average True Range), to move between JP¥1,475.32 and JP¥1,562.68, which gives a possible trading interval of +/-JP¥43.68 (+/-2.88%) up or down from last closing price. If SAKATA INX CORPORATION takes out the full calculated possible swing range there will be an estimated 5.75% 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¥1,580.00 (4.02%) than the support at JP¥1,421.00 (6.45%), 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 SAKATA INX CORPORATION stock A Buy?

The SAKATA INX CORPORATION stock holds several negative signals and despite the positive trend, we believe SAKATA INX CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.942 Sell Candidate Downgraded

Predicted Opening Price for SAKATA INX CORPORATION of Monday, April 22, 2024

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