The San-in Godo Bank,Ltd. Stock Forecast

The San-in Godo Bank,Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)

8381.T Signals & Forecast

The The San-in Godo Bank,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¥1,440.29 and JP¥1,304.80. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -2.08%. 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, June 12, 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 The San-in Godo Bank,Ltd. stock

The San-in Godo Bank,Ltd. finds support from accumulated volume at JP¥1,443.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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¥26.00 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 1.96%.

Our recommended stop-loss: JP¥1,391.51 (-4.50%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (8381.T) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect The San-in Godo Bank,Ltd. to open at JP¥1,455.00, and during the day (based on 14 day Average True Range), to move between JP¥1,417.40 and JP¥1,496.60, which gives a possible trading interval of +/-JP¥39.60 (+/-2.72%) up or down from last closing price. If The San-in Godo Bank,Ltd. takes out the full calculated possible swing range there will be an estimated 5.44% 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¥1,469.00 (0.82%) than the support at JP¥1,443.00 (0.96%), 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 The San-in Godo Bank,Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The San-in Godo Bank,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.962 Buy Candidate Upgraded

Predicted Opening Price for The San-in Godo Bank,Ltd. of Monday, June 3, 2024

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