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Weaker Hold
Today 4768.T ranks #4810 as hold candidate. Get a Free Stock at Robinhood
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OTSUKA CORPORATION Stock Forecast TYO:4768

JP¥5 360.00 (0%)

Volume: 452k

Closed: Nov 26, 2021

Hollow Logo Score: 0.000

OTSUKA CORPORATION Stock Forecast

JP¥5 360.00 (0%)

Volume: 452k

Closed: Nov 26, 2021

Score Hollow Logo 0.000
Which way will 4768.T go? Request

4768.T Stock Risk

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥120.00 between high and low, or 2.26%. For the last week, the stock has had a daily average volatility of 0.64%.

Our recommended stop-loss: JP¥5 069.94 (-5.41%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 39 and the stock is currently not being overbought or oversold

OTSUKA CORPORATION stock price ended on JP¥5 360.00 on Friday after losing 0%
(Updated on Nov 26, 2021)


Hold candidate since 2021-11-24

No changes to the price of OTSUKA CORPORATION stock on the last trading day (Friday, 26th Nov 2021). During the day the stock fluctuated 2.26% from a day low at JP¥5 310.00 to a day high of JP¥5 430.00. The price has risen in 5 of the last 10 days and is up by 3.08% over the past 2 weeks.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.91% during the next 3 months and, with a 90% probability hold a price between JP¥4 459.32 and JP¥4 920.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, November 12, 2021, and so far it has risen 3.68%. 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). 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. The OTSUKA CORPORATION 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¥5 482.86. On a fall, the stock will find some support from the short-term average at JP¥5 347.14. 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.

Support, Risk & Stop-loss

OTSUKA CORPORATION finds support from accumulated volume at JP¥5 310.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥120.00 between high and low, or 2.26%. For the last week, the stock has had a daily average volatility of 0.64%.

Our recommended stop-loss: JP¥5 069.94 (-5.41%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Is OTSUKA CORPORATION stock A Buy?

OTSUKA CORPORATION 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: 0.000

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for OTSUKA CORPORATION of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
JP¥5 366.67 JP¥5 360.00 (Undervalued)
Hold/Accumulate Unchanged

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Volatility and Risk
Daily Average Volatility: 0.64 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0.64 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: JP¥5 400.00
Price: JP¥5 360.00
Support: JP¥5 310.00

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 5 486.67 2.36 %
5 440.83 1.51 %
5 412.51 0.98 %
Current price: 5 360.00
Support 5 320.83 -0.73 %
5 292.51 -1.26 %
5 246.67 -2.11 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5 560.00 3.73 %
5 500.00 2.61 %
5 400.00 0.75 %
Current price 5 360.00
Support 5 310.00 -0.93%
5 290.00 -1.31%
5 200.00 -2.99%

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