Lasertec Corporation Stock Forecast

Green day on Tuesday for Lasertec Corporation
(Updated on May 07, 2024)

6920.T Signals & Forecast

The Lasertec 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¥37,062.86 and JP¥39,780.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 27.07%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, July 27, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Lasertec Corporation stock

Lasertec Corporation finds support from accumulated volume at JP¥41,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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¥1,080.00 between high and low, or 2.61%. For the last week, the stock has had daily average volatility of 4.71%.

Our recommended stop-loss: JP¥40,889.39 (-3.54%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (6920.T) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Lasertec Corporation to open at JP¥42,076.67, and during the day (based on 14 day Average True Range), to move between JP¥40,494.90 and JP¥44,285.10, which gives a possible trading interval of +/-JP¥1,895.10 (+/-4.47%) up or down from last closing price. If Lasertec Corporation takes out the full calculated possible swing range there will be an estimated 8.94% 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¥42,920.00 (1.25%) than the support at JP¥41,000.00 (3.28%), 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 Lasertec Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 4.095 Buy Candidate Unchanged

Predicted Opening Price for Lasertec Corporation of Wednesday, May 8, 2024

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