Prored Partners CO.,LTD. Stock Forecast
Prored Partners CO.,LTD. stock price down 0.667% on Friday
(Updated on May 10, 2024)
The Prored Partners CO.,LTD. stock price fell by -0.667% on the last day (Friday, 10th May 2024) from JP¥450.00 to JP¥447.00. During the last trading day the stock fluctuated 3.19% from a day low at JP¥439.00 to a day high of JP¥453.00. The price has fallen in 8 of the last 10 days and is down by -7.07% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -23 thousand shares and in total, 24 thousand shares were bought and sold for approximately JP¥10.91 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥410.88 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 26.56% during the next 3 months and, with a 90% probability hold a price between JP¥520.00 and JP¥776.86 at the end of this 3-month period.
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7034.T Signals & Forecast
There are mixed signals in the stock today. The Prored Partners CO.,LTD. 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¥478.43. On a fall, the stock will find some support from the short-term average at JP¥428.43. 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. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -17.98%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Prored Partners CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥419.00 and JP¥402.00. 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, Prored Partners CO.,LTD. finds support just below today's level at JP¥419.00. If this is broken, then the next support from accumulated volume will be at JP¥402.00 and JP¥398.00.
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¥14.00 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 7.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7034.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Prored Partners CO.,LTD. to open at JP¥446.33, and during the day (based on 14 day Average True Range), to move between JP¥417.47 and JP¥476.53, which gives a possible trading interval of +/-JP¥29.53 (+/-6.61%) up or down from last closing price. If Prored Partners CO.,LTD. takes out the full calculated possible swing range there will be an estimated 13.21% 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¥419.00 (6.26%) than the resistance at JP¥486.00 (8.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Prored Partners CO.,LTD. stock A Buy?
Prored Partners CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.931 Sell Candidate Unchanged
Predicted Opening Price for Prored Partners CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥446.33 ( 0.149%) | JP¥447.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7034.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 460.33 | 2.98 % | |
| R2 | 454.99 | 1.79 % | ||
| R1 | 451.68 | 1.05 % | ||
| Current price: | 447.00 | |||
| Support | S1 | 440.99 | -1.35 % | |
| S2 | 437.68 | -2.08 % | ||
| S3 | 432.33 | -3.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 545.00 | 21.92 % | |
| R2 | 527.00 | 17.90 % | ||
| R1 | 486.00 | 8.72 % | ||
| Current price | 447.00 | |||
| Support | S1 | 419.00 | -6.26% | |
| S2 | 402.00 | -10.07% | ||
| S3 | 398.00 | -10.96% |
FAQ
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