ORIGINAL ENGINEERING CONSULTANTS Stock Forecast

Red day on Friday for ORIGINAL ENGINEERING CONSULTANTS stock after losing 0%
(Updated on May 17, 2024)

4642.T Signals & Forecast

There are mixed signals in the stock today. The ORIGINAL ENGINEERING CONSULTANTS stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,158.86 and JP¥1,166.46. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.609%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".

Support, Risk & Stop-loss for ORIGINAL ENGINEERING CONSULTANTS stock

ORIGINAL ENGINEERING CONSULTANTS finds support from accumulated volume at JP¥1,150.00 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¥16.00 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 0.554%.

Our recommended stop-loss: JP¥1,088.98 (-5.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (4642.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. to open at JP¥1,159.67, and during the day (based on 14 day Average True Range), to move between JP¥1,143.30 and JP¥1,170.70, which gives a possible trading interval of +/-JP¥13.70 (+/-1.18%) up or down from last closing price. If ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.37% 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¥1,150.00 (0.61%) than the resistance at JP¥1,170.00 (1.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. stock A Buy?

ORIGINAL ENGINEERING CONSULTANTS 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.

Current score: 0.061 Hold/Accumulate Unchanged

Predicted Opening Price for ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. of Monday, May 20, 2024

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