BayCurrent Consulting,Inc. Stock Forecast
Stronger technical forecast for BayCurrent Consulting,Inc. stock price after Friday trading.
(Updated on Apr 26, 2024)
The BayCurrent Consulting,Inc. stock price gained 2.27% on the last trading day (Friday, 26th Apr 2024), rising from JP¥3,261.00 to JP¥3,335.00. During the last trading day the stock fluctuated 4.35% from a day low at JP¥3,244.00 to a day high of JP¥3,385.00. The price has been going up and down for this period, and there has been a 12.94% gain for the last 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 2 million shares were bought and sold for approximately JP¥5.23 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.98% during the next 3 months and, with a 90% probability hold a price between JP¥2,680.81 and JP¥3,446.51 at the end of this 3-month period.
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6532.T Signals & Forecast
The BayCurrent Consulting,Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥3,287.00 and JP¥3,093.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, April 16, 2024, and so far it has fallen -7.59%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for BayCurrent Consulting,Inc. stock
BayCurrent Consulting,Inc. finds support from accumulated volume at JP¥3,188.00 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¥141.00 between high and low, or 4.35%. For the last week, the stock has had daily average volatility of 4.29%.
Our recommended stop-loss: JP¥3,166.85 (-5.04%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (6532.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect BayCurrent Consulting,Inc. to open at JP¥3,321.33, and during the day (based on 14 day Average True Range), to move between JP¥3,192.78 and JP¥3,477.22, which gives a possible trading interval of +/-JP¥142.22 (+/-4.26%) up or down from last closing price. If BayCurrent Consulting,Inc. takes out the full calculated possible swing range there will be an estimated 8.53% 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¥3,354.00 (0.57%) than the support at JP¥3,188.00 (4.41%), 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 BayCurrent Consulting,Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.189 Buy Candidate Upgraded
Predicted Opening Price for BayCurrent Consulting,Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥3,321.33 ( 0.410%) | JP¥3,335.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6532.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,462.33 | 3.82 % | |
| R2 | 3,408.47 | 2.20 % | ||
| R1 | 3,375.20 | 1.21 % | ||
| Current price: | 3,335.00 | |||
| Support | S1 | 3,267.47 | -2.02 % | |
| S2 | 3,234.20 | -3.02 % | ||
| S3 | 3,180.33 | -4.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,609.00 | 8.22 % | |
| R2 | 3,400.00 | 1.95 % | ||
| R1 | 3,354.00 | 0.570 % | ||
| Current price | 3,335.00 | |||
| Support | S1 | 3,188.00 | -4.41% | |
| S2 | 3,105.00 | -6.90% | ||
| S3 | 3,070.00 | -7.95% |
6532 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥18.00 | 0.367% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥23.00 | 0.428% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥14.00 | 0.345% |
| 5 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥17.00 | 0.372% |
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