SANIX INCORPORATED Stock Forecast
SANIX INCORPORATED stock price ended at JP¥319.00 on Friday, after losing 1.24%.
(Updated on Apr 19, 2024)
The SANIX INCORPORATED stock price fell by -1.24% on the last day (Friday, 19th Apr 2024) from JP¥323.00 to JP¥319.00. During the last trading day the stock fluctuated 3.51% from a day low at JP¥313.00 to a day high of JP¥324.00. The price has fallen in 6 of the last 10 days but is still up by 0.63% over the past 2 weeks. Volume has increased on the last day by 63 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 155 thousand shares were bought and sold for approximately JP¥49.29 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.43% during the next 3 months and, with a 90% probability hold a price between JP¥339.84 and JP¥380.65 at the end of this 3-month period.
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4651.T Signals & Forecast
A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -4.20%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The SANIX INCORPORATED stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥323.57. On a fall, the stock will find some support from the long-term average at approximately JP¥315.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for SANIX INCORPORATED stock
SANIX INCORPORATED finds support from accumulated volume at JP¥307.00 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¥11.00 between high and low, or 3.51%. For the last week the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: JP¥307.64 (-3.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (4651.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect SANIX INCORPORATED to open at JP¥318.67, and during the day (based on 14 day Average True Range), to move between JP¥311.00 and JP¥327.00, which gives a possible trading interval of +/-JP¥8.00 (+/-2.51%) up or down from last closing price. If SANIX INCORPORATED takes out the full calculated possible swing range there will be an estimated 5.01% 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¥327.00 (2.51%) than the support at JP¥307.00 (3.76%), 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 SANIX INCORPORATED stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.399 Buy Candidate Unchanged
Predicted Opening Price for SANIX INCORPORATED of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
JP¥318.67 ( 0.104%) | JP¥319.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4651.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 329.67 | 3.34 % | |
R2 | 325.46 | 2.03 % | ||
R1 | 322.87 | 1.21 % | ||
Current price: | 319.00 | |||
Support | S1 | 314.46 | -1.42 % | |
S2 | 311.87 | -2.24 % | ||
S3 | 307.67 | -3.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 330.00 | 3.45 % | |
R2 | 329.00 | 3.13 % | ||
R1 | 327.00 | 2.51 % | ||
Current price | 319.00 | |||
Support | S1 | 307.00 | -3.76% | |
S2 | 301.00 | -5.64% | ||
S3 | 300.00 | -5.96% |
FAQ
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