JAPAN ELECTRONIC MATERIALS CORPORATION Stock Forecast

JAPAN ELECTRONIC MATERIALS CORPORATION stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)

6855.T Signals & Forecast

The JAPAN ELECTRONIC MATERIALS CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,532.86 and JP¥2,616.00. 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 Wednesday, March 06, 2024, and so far it has fallen -21.63%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for JAPAN ELECTRONIC MATERIALS CORPORATION stock

JAPAN ELECTRONIC MATERIALS CORPORATION finds support from accumulated volume at JP¥2,519.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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¥133.00 between high and low, or 5.23%. For the last week, the stock has had daily average volatility of 4.82%.

Our recommended stop-loss: JP¥2,502.70 (-5.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (6855.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect JAPAN ELECTRONIC MATERIALS CORPORATION to open at JP¥2,622.67, and during the day (based on 14 day Average True Range), to move between JP¥2,493.25 and JP¥2,796.75, which gives a possible trading interval of +/-JP¥151.75 (+/-5.74%) up or down from last closing price. If JAPAN ELECTRONIC MATERIALS CORPORATION takes out the full calculated possible swing range there will be an estimated 11.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at JP¥2,519.00 (4.76%) than the resistance at JP¥2,852.00 (7.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is JAPAN ELECTRONIC MATERIALS CORPORATION stock A Buy?

JAPAN ELECTRONIC MATERIALS CORPORATION holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.093 Hold/Accumulate Upgraded

Predicted Opening Price for JAPAN ELECTRONIC MATERIALS CORPORATION of Tuesday, May 7, 2024

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