So-net Media Networks Corporation Stock Forecast

Big movements in So-net Media Networks Corporation stock price on Thursday moving 14.39% between high and low
(Updated on May 02, 2024)

6185.T Signals & Forecast

There are few to no technical positive signals at the moment. The So-net Media Networks Corporation 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¥348.14 and JP¥374.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -30.66%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for So-net Media Networks Corporation stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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¥41.00 between high and low, or 14.39%. For the last week, the stock has had daily average volatility of 6.25%.

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

Trading Expectations (6185.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect So-net Media Networks Corporation to open at JP¥298.67, and during the day (based on 14 day Average True Range), to move between JP¥268.40 and JP¥301.60, which gives a possible trading interval of +/-JP¥16.60 (+/-5.82%) up or down from last closing price. If So-net Media Networks Corporation takes out the full calculated possible swing range there will be an estimated 11.65% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ JP¥326.00, some JP¥41.00 (14.39%) from the current price of JP¥285.00, our system finds the risk reward not very attractive.

Is So-net Media Networks Corporation stock A Buy?

So-net Media Networks Corporation holds several negative signals and is within a very wide and 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.

Current score: -4.147 Sell Candidate Unchanged

Predicted Opening Price for So-net Media Networks Corporation of Tuesday, May 7, 2024

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