EBARA CORPORATION Stock Forecast

EBARA CORPORATION stock price took a fall of -80.32% on Thursday
(Updated on Jun 27, 2024)

6361.T Signals & Forecast

There are few to no technical positive signals at the moment. The EBARA 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¥10,647.14 and JP¥11,865.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -80.76%. 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 EBARA 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¥53.00 between high and low, or 2.25%. For the last week, the stock has had daily average volatility of 2.35%.

EBARA CORPORATION is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (6361.T) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect EBARA CORPORATION to open at JP¥2,377.67, and during the day (based on 14 day Average True Range), to move between JP¥1,348.21 and JP¥3,391.79, which gives a possible trading interval of +/-JP¥1,021.79 (+/-43.11%) up or down from last closing price. If EBARA CORPORATION takes out the full calculated possible swing range there will be an estimated 86.23% move between the lowest and the highest trading price during the day.

Is EBARA CORPORATION stock A Buy?

EBARA CORPORATION holds several negative signals and is within a 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: -3.085 Sell Candidate Unchanged

Predicted Opening Price for EBARA CORPORATION of Friday, June 28, 2024

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