SYSMEX CORPORATION Stock Forecast

Green day on Wednesday for SYSMEX CORPORATION stock after gaining 4.26%
(Updated on May 01, 2024)

6869.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 13.76%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SYSMEX CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥4,301.00. On a fall, the stock will find some support from the short-term average at JP¥2,516.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for SYSMEX CORPORATION stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,488.00 and JP¥2,450.50. 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, SYSMEX CORPORATION finds support just below today's level at JP¥2,488.00. If this is broken, then the next support from accumulated volume will be at JP¥2,450.50 and JP¥2,322.00.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥105.00 (4.11%) between high and low. For the last week, the stock has had daily average volatility of 2.39%.

Our recommended stop-loss: JP¥2,542.18 (-3.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (6869.T) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect SYSMEX CORPORATION to open at JP¥2,620.17, and during the day (based on 14 day Average True Range), to move between JP¥2,473.12 and JP¥2,809.88, which gives a possible trading interval of +/-JP¥168.38 (+/-6.37%) up or down from last closing price. If SYSMEX CORPORATION takes out the full calculated possible swing range there will be an estimated 12.75% 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¥2,661.50 (0.76%) than the support at JP¥2,488.00 (5.81%), 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 SYSMEX CORPORATION stock A Buy?

SYSMEX 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.

Current score: 0.981 Hold/Accumulate Unchanged

Predicted Opening Price for SYSMEX CORPORATION of Thursday, May 2, 2024

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