C.E.Management Integrated Laboratory Stock Forecast

C.E.Management Integrated Laboratory stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)

6171.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 0.94%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The C.E.Management Integrated Laboratory 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¥324.00 and JP¥330.74. A break-up above any of these levels will issue buy signals. 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Friday, March 22, 2024 and based on theory for this formation the price should fall by -0.440% to JP¥321.57 within 14 trading days since signal was issued (Tuesday, May 07, 2024).

Support, Risk & Stop-loss for C.E.Management Integrated Laboratory stock

C.E.Management Integrated Laboratory finds support from accumulated volume at JP¥320.00 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¥3.00 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.18%.

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

Trading Expectations (6171.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect C.E.Management Integrated Laboratory Co.Ltd to open at JP¥324.00, and during the day (based on 14 day Average True Range), to move between JP¥319.05 and JP¥326.95, which gives a possible trading interval of +/-JP¥3.95 (+/-1.22%) up or down from last closing price. If C.E.Management Integrated Laboratory Co.Ltd takes out the full calculated possible swing range there will be an estimated 2.44% 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¥326.00 (0.93%) than the support at JP¥320.00 (0.93%), 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 C.E.Management Integrated Laboratory Co.Ltd stock A Buy?

C.E.Management Integrated Laboratory holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.474 Sell Candidate Downgraded

Predicted Opening Price for C.E.Management Integrated Laboratory Co.Ltd of Tuesday, May 7, 2024

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