BP Castrol K.K. Stock Forecast

BP Castrol K.K. stock price down 0% on Thursday
(Updated on May 09, 2024)

5015.T Signals & Forecast

There are few to no technical positive signals at the moment. The BP Castrol K.K. 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¥988.86 and JP¥1,001.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -6.49%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for BP Castrol K.K. stock

BP Castrol K.K. finds support from accumulated volume at JP¥975.00 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 1.12%. For the last week the stock has had daily average volatility of 1.28%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (5015.T) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect BP Castrol K.K. to open at JP¥982.67, and during the day (based on 14 day Average True Range), to move between JP¥963.04 and JP¥994.96, which gives a possible trading interval of +/-JP¥15.96 (+/-1.63%) up or down from last closing price. If BP Castrol K.K. takes out the full calculated possible swing range there will be an estimated 3.26% 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¥982.00 (0.31%) than the support at JP¥975.00 (0.41%), 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 BP Castrol K.K. stock A Buy?

The BP Castrol K.K. stock holds several negative signals and despite the positive trend, we believe BP Castrol K.K. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.127 Sell Candidate Unchanged

Predicted Opening Price for BP Castrol K.K. of Friday, May 10, 2024

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