Fringe81 Co,Ltd. Stock Forecast
Red day on Friday for Fringe81 Co,Ltd.
(Updated on Apr 26, 2024)
No changes to the price of Fringe81 Co,Ltd. stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 1.35% from a day low at JP¥148.00 to a day high of JP¥150.00. The price has fallen in 4 of the last 10 days and is down by -4.52% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥147.86 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.83% during the next 3 months and, with a 90% probability hold a price between JP¥140.71 and JP¥160.64 at the end of this 3-month period.
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6550.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fringe81 Co,Ltd. 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¥149.14 and JP¥155.29. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Fringe81 Co,Ltd. 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.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved JP¥2.00 between high and low, or 1.35%. For the last week the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6550.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Fringe81 Co,Ltd. to open at JP¥148.67, and during the day (based on 14 day Average True Range), to move between JP¥144.31 and JP¥151.69, which gives a possible trading interval of +/-JP¥3.69 (+/-2.50%) up or down from last closing price. If Fringe81 Co,Ltd. takes out the full calculated possible swing range there will be an estimated 4.99% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥151.00, some JP¥3.00 (2.03%) from the current price of JP¥148.00, our system finds the risk reward not very attractive.
Is Fringe81 Co,Ltd. stock A Buy?
Fringe81 Co,Ltd. 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: -2.044 Sell Candidate Unchanged
Predicted Opening Price for Fringe81 Co,Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥148.67 ( 0.450%) | JP¥148.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6550.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.67 | 1.80 % | |
| R2 | 149.90 | 1.29 % | ||
| R1 | 149.43 | 0.97 % | ||
| Current price: | 148.00 | |||
| Support | S1 | 147.90 | -0.0658 % | |
| S2 | 147.43 | -0.385 % | ||
| S3 | 146.67 | -0.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 159.00 | 7.43 % | |
| R2 | 154.00 | 4.05 % | ||
| R1 | 151.00 | 2.03 % | ||
| Current price | 148.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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