EBARA JITSUGYO CO.,LTD. Stock Forecast

Red day on Tuesday for EBARA JITSUGYO CO.,LTD.
(Updated on Jul 02, 2024)

6328.T Signals & Forecast

The EBARA JITSUGYO CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥4,095.71. On a fall, the stock will find some support from the long-term average at approximately JP¥3,628.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -2.63%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, May 16, 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 EBARA JITSUGYO CO.,LTD. stock

EBARA JITSUGYO CO.,LTD. finds support from accumulated volume at JP¥3,975.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥100.00 between high and low, or 2.46%. For the last week, the stock has had daily average volatility of 3.44%.

Our recommended stop-loss: JP¥3,925.28 (-3.67%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (6328.T) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect EBARA JITSUGYO CO.,LTD. to open at JP¥4,105.00, and during the day (based on 14 day Average True Range), to move between JP¥3,956.24 and JP¥4,193.76, which gives a possible trading interval of +/-JP¥118.76 (+/-2.91%) up or down from last closing price. If EBARA JITSUGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.83% 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¥4,125.00 (1.23%) than the support at JP¥3,975.00 (2.45%), 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 EBARA JITSUGYO CO.,LTD. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for EBARA JITSUGYO CO.,LTD. stock to perform well in the short-term.

Current score: 2.520 Buy Candidate Unchanged

Predicted Opening Price for EBARA JITSUGYO CO.,LTD. of Wednesday, July 3, 2024

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