Shiseido Company,Limited Stock Forecast

Weaker technical forecast for Shiseido Company,Limited as stock downgraded to Hold/Accumulate.
(Updated on May 02, 2024)

4911.T Signals & Forecast

The Shiseido Company,Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥4,251.29 and JP¥4,143.34. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, May 01, 2024, and so far it has fallen -1.98%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, February 20, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Shiseido Company,Limited stock

Shiseido Company,Limited finds support from accumulated volume at JP¥4,258.00 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¥101.00 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 2.53%.

Our recommended stop-loss: JP¥4,121.58 (-3.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (4911.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Shiseido Company,Limited to open at JP¥4,245.00, and during the day (based on 14 day Average True Range), to move between JP¥4,152.18 and JP¥4,383.82, which gives a possible trading interval of +/-JP¥115.82 (+/-2.71%) up or down from last closing price. If Shiseido Company,Limited takes out the full calculated possible swing range there will be an estimated 5.43% 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¥4,272.00 (0.09%) than the support at JP¥4,258.00 (0.23%), 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 Shiseido Company,Limited stock A Buy?

Shiseido Company,Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.001 Hold/Accumulate Downgraded

Predicted Opening Price for Shiseido Company,Limited of Tuesday, May 7, 2024

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