OZU CORPORATION Stock Forecast

OZU CORPORATION stock price ended at JP¥1,616.00 on Monday, after losing 0.247%.
(Updated on Jun 17, 2024)

7487.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 0.94%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The OZU 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¥1,621.43 and JP¥1,724.77. A break-up above any of these levels will issue buy signals. 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. The stock had a Golden Star Signal on Friday, December 29, 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 OZU CORPORATION stock

OZU CORPORATION finds support from accumulated volume at JP¥1,607.00 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 0.683%. For the last week, the stock has had daily average volatility of 0.94%.

OZU CORPORATION is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (7487.T) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect OZU CORPORATION to open at JP¥1,616.33, and during the day (based on 14 day Average True Range), to move between JP¥1,591.68 and JP¥1,640.32, which gives a possible trading interval of +/-JP¥24.32 (+/-1.51%) up or down from last closing price. If OZU CORPORATION takes out the full calculated possible swing range there will be an estimated 3.01% 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¥1,607.00 (0.56%) than the resistance at JP¥1,670.00 (3.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is OZU CORPORATION stock A Buy?

OZU CORPORATION 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: -1.781 Sell Candidate Unchanged

Predicted Opening Price for OZU CORPORATION of Tuesday, June 18, 2024

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