Japan Display Inc. Stock Forecast
High volatility in Japan Display Inc. stock price on Friday which ended trading at JP¥18.00
(Updated on May 17, 2024)
No changes to the price of Japan Display Inc. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 11.76% from a day low at JP¥17.00 to a day high of JP¥19.00. The price has been going up and down for this period, and there has been a -14.29% loss for the last 2 weeks.
The stock lies in the lower of a very 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¥17.74 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.95% during the next 3 months and, with a 90% probability hold a price between JP¥15.62 and JP¥19.64 at the end of this 3-month period.
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6740.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and 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. The Japan Display Inc. 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¥18.29 and JP¥20.54. 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).
Support, Risk & Stop-loss for Japan Display Inc. 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¥2.00 between high and low, or 11.76%. For the last week, the stock has had daily average volatility of 8.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6740.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Japan Display Inc. to open at JP¥18.00, and during the day (based on 14 day Average True Range), to move between JP¥16.63 and JP¥19.37, which gives a possible trading interval of +/-JP¥1.37 (+/-7.64%) up or down from last closing price. If Japan Display Inc. takes out the full calculated possible swing range there will be an estimated 15.27% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥20.00, some JP¥2.00 (11.11%) from the current price of JP¥18.00, our system finds the risk reward not very attractive.
Is Japan Display Inc. stock A Buy?
Japan Display Inc. holds several negative signals and is within a very 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: -4.072 Sell Candidate Unchanged
Predicted Opening Price for Japan Display Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥18.00 ( 0%) | JP¥18.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6740.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.00 | 11.11 % | |
| R2 | 19.24 | 6.87 % | ||
| R1 | 18.76 | 4.24 % | ||
| Current price: | 18.00 | |||
| Support | S1 | 17.24 | -4.24 % | |
| S2 | 16.76 | -6.87 % | ||
| S3 | 16.00 | -11.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.00 | 22.22 % | |
| R2 | 21.00 | 16.67 % | ||
| R1 | 20.00 | 11.11 % | ||
| Current price | 18.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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