SoftBank Technology Corp. Stock Forecast

SoftBank Technology Corp. stock price ended at JP¥2,940.00 on Friday, after losing 0%.
(Updated on Jun 14, 2024)

4726.T Signals & Forecast

The SoftBank Technology Corp. 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¥2,941.71. On a fall, the stock will find some support from the long-term average at approximately JP¥2,881.94. 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. The volume rose on the last day while price remained unchanged. This may be an early warning and 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. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -0.271%. 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).

Support, Risk & Stop-loss for SoftBank Technology Corp. stock

SoftBank Technology Corp. finds support from accumulated volume at JP¥2,939.00 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 0.0680%. For the last week the stock has had daily average volatility of 0.218%.

Our recommended stop-loss: JP¥2,776.91 (-5.55%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 37 days ago.)

Trading Expectations (4726.T) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect SoftBank Technology Corp. to open at JP¥2,940.67, and during the day (based on 14 day Average True Range), to move between JP¥2,927.37 and JP¥2,952.63, which gives a possible trading interval of +/-JP¥12.63 (+/-0.43%) up or down from last closing price. If SoftBank Technology Corp. takes out the full calculated possible swing range there will be an estimated 0.86% 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¥2,939.00 (0.03%) than the resistance at JP¥2,943.00 (0.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SoftBank Technology Corp. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SoftBank Technology Corp. stock to perform well in the short-term.

Current score: 2.722 Buy Candidate Unchanged

Predicted Opening Price for SoftBank Technology Corp. of Monday, June 17, 2024

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