Santec Corporation Stock Forecast

Red day on Tuesday for Santec Corporation
(Updated on Jun 25, 2024)

6777.T Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.84%. 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 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. The Santec Corporation 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¥8,207.14 and JP¥7,166.86. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Santec Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥7,770.00 and JP¥6,890.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Santec Corporation finds support just below today's level at JP¥7,770.00. If this is broken, then the next support from accumulated volume will be at JP¥6,890.00 and JP¥6,530.00.

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¥210.00 between high and low, or 2.57%. For the last week, the stock has had daily average volatility of 4.62%.

Our recommended stop-loss: JP¥7,968.62 (-3.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (6777.T) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Santec Corporation to open at JP¥8,270.00, and during the day (based on 14 day Average True Range), to move between JP¥7,904.73 and JP¥8,655.27, which gives a possible trading interval of +/-JP¥375.27 (+/-4.53%) up or down from last closing price. If Santec Corporation takes out the full calculated possible swing range there will be an estimated 9.06% 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¥8,290.00 (0.12%) than the support at JP¥7,770.00 (6.16%), 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 Santec Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Santec Corporation stock to perform well in the short-term.

Current score: 3.949 Buy Candidate Unchanged

Predicted Opening Price for Santec Corporation of Wednesday, June 26, 2024

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