Autonomous Control Systems Laboratory Stock Forecast

Red day on Thursday for Autonomous Control Systems Laboratory
(Updated on May 23, 2024)

6232.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 Autonomous Control Systems 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¥887.00 and JP¥1,068.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -37.87%. 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 Autonomous Control Systems Laboratory stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥801.00 and JP¥779.00. 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, Autonomous Control Systems Laboratory finds support just below today's level at JP¥801.00. If this is broken, then the next support from accumulated volume will be at JP¥779.00 and JP¥743.00.

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¥28.00 between high and low, or 3.31%. For the last week, the stock has had daily average volatility of 4.38%.

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

Trading Expectations (6232.T) For The Upcoming Trading Day Of Friday 24th

For the upcoming trading day on Friday, 24th we expect Autonomous Control Systems Laboratory Ltd. to open at JP¥856.00, and during the day (based on 14 day Average True Range), to move between JP¥791.25 and JP¥908.75, which gives a possible trading interval of +/-JP¥58.75 (+/-6.91%) up or down from last closing price. If Autonomous Control Systems Laboratory Ltd. takes out the full calculated possible swing range there will be an estimated 13.82% 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¥892.00 (4.94%) than the support at JP¥801.00 (5.76%), 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 Autonomous Control Systems Laboratory Ltd. stock A Buy?

The Autonomous Control Systems Laboratory stock holds several negative signals and despite the positive trend, we believe Autonomous Control Systems Laboratory will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.290 Sell Candidate Unchanged

Predicted Opening Price for Autonomous Control Systems Laboratory Ltd. of Friday, May 24, 2024

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