UNIVANCE CORPORATION Stock Forecast

UNIVANCE CORPORATION stock price up 0.288% on Wednesday
(Updated on May 08, 2024)

7254.T Signals & Forecast

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. The UNIVANCE CORPORATION 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¥710.86 and JP¥737.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -11.32%. 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). The stock had a Golden Star Signal on Monday, September 04, 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 UNIVANCE CORPORATION stock

UNIVANCE CORPORATION finds support from accumulated volume at JP¥692.00 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¥11.00 between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 2.95%.

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

Trading Expectations (7254.T) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect UNIVANCE CORPORATION to open at JP¥695.33, and during the day (based on 14 day Average True Range), to move between JP¥671.10 and JP¥722.90, which gives a possible trading interval of +/-JP¥25.90 (+/-3.72%) up or down from last closing price. If UNIVANCE CORPORATION takes out the full calculated possible swing range there will be an estimated 7.43% 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¥701.00 (0.57%) than the support at JP¥692.00 (0.72%), 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 UNIVANCE CORPORATION stock A Buy?

The UNIVANCE CORPORATION stock holds several negative signals and despite the positive trend, we believe UNIVANCE CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.882 Sell Candidate Unchanged

Predicted Opening Price for UNIVANCE CORPORATION of Thursday, May 9, 2024

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