ALINCO INCORPORATED Stock Forecast

Green day on Monday for ALINCO INCORPORATED stock after gaining 0.0923%
(Updated on May 20, 2024)

5933.T Signals & Forecast

There are mixed signals in the stock today. The ALINCO INCORPORATED 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¥1,104.26. On a fall, the stock will find some support from the short-term average at JP¥1,084.71. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 0.93%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, February 29, 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 ALINCO INCORPORATED stock

ALINCO INCORPORATED finds support from accumulated volume at JP¥1,075.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥9.00 (0.83%) between high and low. For the last week, the stock has had daily average volatility of 1.02%.

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

Trading Expectations (5933.T) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect ALINCO INCORPORATED to open at JP¥1,086.67, and during the day (based on 14 day Average True Range), to move between JP¥1,065.77 and JP¥1,104.23, which gives a possible trading interval of +/-JP¥19.23 (+/-1.77%) up or down from last closing price. If ALINCO INCORPORATED takes out the full calculated possible swing range there will be an estimated 3.54% 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¥1,075.00 (0.92%) than the resistance at JP¥1,132.00 (4.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ALINCO INCORPORATED stock A Buy?

ALINCO INCORPORATED holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.688 Sell Candidate Unchanged

Predicted Opening Price for ALINCO INCORPORATED of Tuesday, May 21, 2024

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