OPTEX GROUP Company,Limited Stock Forecast

Red day on Friday for OPTEX GROUP Company,Limited
(Updated on May 17, 2024)

6914.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 0.173%. 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 OPTEX GROUP Company,Limited 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¥1,766.29 and JP¥1,849.83. 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 OPTEX GROUP Company,Limited stock

OPTEX GROUP Company,Limited finds support from accumulated volume at JP¥1,735.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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¥31.00 (1.81%) between high and low. For the last week, the stock has had daily average volatility of 2.61%.

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

Trading Expectations (6914.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect OPTEX GROUP Company,Limited to open at JP¥1,733.67, and during the day (based on 14 day Average True Range), to move between JP¥1,697.33 and JP¥1,778.67, which gives a possible trading interval of +/-JP¥40.67 (+/-2.34%) up or down from last closing price. If OPTEX GROUP Company,Limited takes out the full calculated possible swing range there will be an estimated 4.68% 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¥1,735.00 (0.17%) than the resistance at JP¥1,820.00 (4.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is OPTEX GROUP Company,Limited stock A Buy?

OPTEX GROUP Company,Limited 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.

Current score: -1.431 Sell Candidate Unchanged

Predicted Opening Price for OPTEX GROUP Company,Limited of Monday, May 20, 2024

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