ROYAL HOLDINGS Co., Ltd. Stock Forecast

Evaluation of ROYAL HOLDINGS Co., Ltd. stock downgraded after the last trading session.
(Updated on May 13, 2024)

8179.T Signals & Forecast

The ROYAL HOLDINGS Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥2,501.71 and JP¥2,476.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.50%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for ROYAL HOLDINGS Co., Ltd. stock

ROYAL HOLDINGS Co., Ltd. finds support from accumulated volume at JP¥2,512.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥60.00 between high and low, or 2.37%. For the last week the stock has had daily average volatility of 1.27%.

The ROYAL HOLDINGS Co., Ltd. stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: JP¥2,458.48 (-4.71%) (This stock has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (8179.T) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect ROYAL HOLDINGS Co., Ltd. to open at JP¥2,568.67, and during the day (based on 14 day Average True Range), to move between JP¥2,542.85 and JP¥2,617.15, which gives a possible trading interval of +/-JP¥37.15 (+/-1.44%) up or down from last closing price. If ROYAL HOLDINGS Co., Ltd. takes out the full calculated possible swing range there will be an estimated 2.88% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥2,512.00, some JP¥68.00 (2.64%) from the current price of JP¥2,580.00, our system finds the risk reward attractive.

Is ROYAL HOLDINGS Co., Ltd. stock A Buy?

ROYAL HOLDINGS Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for ROYAL HOLDINGS Co., Ltd. of Tuesday, May 14, 2024

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