Escrow Agent Japan,Inc. Stock Forecast

Green day on Monday for Escrow Agent Japan,Inc.
(Updated on May 20, 2024)

6093.T Signals & Forecast

There are mixed signals in the stock today. The Escrow Agent Japan,Inc. 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¥141.71 and JP¥144.74. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.44%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Wednesday, March 13, 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 Escrow Agent Japan,Inc. stock

Escrow Agent Japan,Inc. finds support from accumulated volume at JP¥140.00 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 1.43%. For the last week the stock has had daily average volatility of 1.43%.

Our recommended stop-loss: JP¥132.80 (-5.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (6093.T) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Escrow Agent Japan,Inc. to open at JP¥141.00, and during the day (based on 14 day Average True Range), to move between JP¥138.08 and JP¥143.92, which gives a possible trading interval of +/-JP¥2.92 (+/-2.07%) up or down from last closing price. If Escrow Agent Japan,Inc. takes out the full calculated possible swing range there will be an estimated 4.15% 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¥140.00 (0.71%) than the resistance at JP¥144.00 (2.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Escrow Agent Japan,Inc. stock A Buy?

Escrow Agent Japan,Inc. 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: -0.563 Hold/Accumulate Unchanged

Predicted Opening Price for Escrow Agent Japan,Inc. of Tuesday, May 21, 2024

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