Insource Co.,Ltd. Stock Forecast

Evaluation of Insource Co.,Ltd. stock downgraded after the last trading session.
(Updated on May 02, 2024)

6200.T Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Insource Co.,Ltd. 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¥820.34. On a fall, the stock will find some support from the short-term average at JP¥755.86. 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. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -2.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Insource Co.,Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥740.00 and JP¥739.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Insource Co.,Ltd. finds support just below today's level at JP¥740.00. If this is broken, then the next support from accumulated volume will be at JP¥739.00 and JP¥700.00.

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¥21.00 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 4.21%.

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

Trading Expectations (6200.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Insource Co.,Ltd. to open at JP¥782.00, and during the day (based on 14 day Average True Range), to move between JP¥743.39 and JP¥814.61, which gives a possible trading interval of +/-JP¥35.61 (+/-4.57%) up or down from last closing price. If Insource Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 9.14% 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¥740.00 (5.01%) than the resistance at JP¥827.00 (6.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Insource Co.,Ltd. stock A Buy?

Insource Co.,Ltd. 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. 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: -2.228 Sell Candidate Downgraded

Predicted Opening Price for Insource Co.,Ltd. of Tuesday, May 7, 2024

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