IBJ Leasing Company,Limited Stock Forecast

IBJ Leasing Company,Limited stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)

8425.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.10%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The IBJ Leasing Company,Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,735.83. On a fall, the stock will find some support from the short-term average at JP¥1,096.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for IBJ Leasing Company,Limited stock

IBJ Leasing Company,Limited finds support from accumulated volume at JP¥1,113.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥30.00 (2.76%) between high and low. For the last week, the stock has had daily average volatility of 1.52%.

Our recommended stop-loss: JP¥1,064.44 (-4.79%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (8425.T) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect IBJ Leasing Company,Limited to open at JP¥1,108.00, and during the day (based on 14 day Average True Range), to move between JP¥1,008.24 and JP¥1,227.76, which gives a possible trading interval of +/-JP¥109.76 (+/-9.82%) up or down from last closing price. If IBJ Leasing Company,Limited takes out the full calculated possible swing range there will be an estimated 19.64% 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¥1,119.00 (0.09%) than the support at JP¥1,113.00 (0.45%), 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 IBJ Leasing Company,Limited stock A Buy?

IBJ Leasing Company,Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.484 Hold/Accumulate Upgraded

Predicted Opening Price for IBJ Leasing Company,Limited of Tuesday, April 30, 2024

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