Japan Tissue Engineering Co., Ltd. Stock Forecast
Red day on Thursday for Japan Tissue Engineering Co., Ltd. stock after losing 2.41%
(Updated on Apr 25, 2024)
The Japan Tissue Engineering Co., Ltd. stock price fell by -2.41% on the last day (Thursday, 25th Apr 2024) from JP¥665.00 to JP¥649.00. During the last trading day the stock fluctuated 5.52% from a day low at JP¥634.00 to a day high of JP¥669.00. The price has fallen in 6 of the last 10 days and is down by -14.49% for this period. Volume has increased on the last day by 41 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 70 thousand shares were bought and sold for approximately JP¥45.37 million.
Given the current short-term trend, the stock is expected to rise 42.12% during the next 3 months and, with a 90% probability hold a price between JP¥922.35 and JP¥1,211.87 at the end of this 3-month period.
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7774.T Signals & Forecast
There are few to no technical positive signals at the moment. The Japan Tissue Engineering Co., Ltd. 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¥659.43 and JP¥668.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -19.18%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Japan Tissue Engineering Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥595.00 and JP¥581.00. 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, Japan Tissue Engineering Co., Ltd. finds support just below today's level at JP¥595.00. If this is broken, then the next support from accumulated volume will be at JP¥581.00 and JP¥519.00.
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¥35.00 between high and low, or 5.52%. For the last week, the stock has had daily average volatility of 4.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7774.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Japan Tissue Engineering Co., Ltd. to open at JP¥650.67, and during the day (based on 14 day Average True Range), to move between JP¥615.86 and JP¥682.14, which gives a possible trading interval of +/-JP¥33.14 (+/-5.11%) up or down from last closing price. If Japan Tissue Engineering Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.21% 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¥660.00 (1.69%) than the support at JP¥595.00 (8.32%), 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.
Earnings coming up
Japan Tissue Engineering Co., Ltd. will release earnings BMO on Tuesday, April 30, 2024. We will update the financials statements for Japan Tissue Engineering Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.78% in the first trading day after earnings release.
Is Japan Tissue Engineering Co., Ltd. stock A Buy?
The Japan Tissue Engineering Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Japan Tissue Engineering Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.992 Sell Candidate Unchanged
Predicted Opening Price for Japan Tissue Engineering Co., Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥650.67 ( 0.257%) | JP¥649.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7774.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 685.67 | 5.65 % | |
| R2 | 672.30 | 3.59 % | ||
| R1 | 664.04 | 2.32 % | ||
| Current price: | 649.00 | |||
| Support | S1 | 637.30 | -1.80 % | |
| S2 | 629.04 | -3.08 % | ||
| S3 | 615.67 | -5.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 803.00 | 23.73 % | |
| R2 | 681.00 | 4.93 % | ||
| R1 | 660.00 | 1.69 % | ||
| Current price | 649.00 | |||
| Support | S1 | 595.00 | -8.32% | |
| S2 | 581.00 | -10.48% | ||
| S3 | 519.00 | -20.03% |
FAQ
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