JVCKENWOOD Corporation Stock Forecast

JVCKENWOOD Corporation stock downgraded to Sell Candidate
(Updated on May 27, 2024)

6632.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 3.24%. Further rise is indicated until a new top pivot has been found. 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 JVCKENWOOD 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¥830.57 and JP¥851.17. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for JVCKENWOOD Corporation stock

JVCKENWOOD Corporation finds support from accumulated volume at JP¥826.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥16.00 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 2.43%.

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

Trading Expectations (6632.T) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect JVCKENWOOD Corporation to open at JP¥829.33, and during the day (based on 14 day Average True Range), to move between JP¥802.64 and JP¥853.36, which gives a possible trading interval of +/-JP¥25.36 (+/-3.06%) up or down from last closing price. If JVCKENWOOD Corporation takes out the full calculated possible swing range there will be an estimated 6.13% 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¥830.00 (0.24%) than the support at JP¥826.00 (0.24%), 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 JVCKENWOOD Corporation stock A Buy?

JVCKENWOOD 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.012 Sell Candidate Downgraded

Predicted Opening Price for JVCKENWOOD Corporation of Tuesday, May 28, 2024

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