IBJ Leasing Company,Limited Stock Forecast

IBJ Leasing Company,Limited stock price up 1.75% on Wednesday
(Updated on Jul 03, 2024)

8425.T Signals & Forecast

Mostly positive signals in the chart today. The IBJ Leasing Company,Limited 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¥1,129.71 and JP¥1,092.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 12.14%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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

IBJ Leasing Company,Limited finds support from accumulated volume at JP¥1,108.00 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¥22.00 between high and low, or 1.92%. For the last week the stock has had daily average volatility of 1.63%.

The IBJ Leasing Company,Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the IBJ Leasing Company,Limited has been rising for 9 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: JP¥1,129.78 (-2.94%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 41 days ago.)

Trading Expectations (8425.T) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect IBJ Leasing Company,Limited to open at JP¥1,158.00, and during the day (based on 14 day Average True Range), to move between JP¥1,144.04 and JP¥1,183.96, which gives a possible trading interval of +/-JP¥19.96 (+/-1.71%) 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 3.43% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥1,108.00, some JP¥56.00 (4.81%) from the current price of JP¥1,164.00, our system finds the risk reward attractive.

Is IBJ Leasing Company,Limited stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for IBJ Leasing Company,Limited stock to perform well in the short-term period.

Current score: 2.482 Buy Candidate Unchanged

Predicted Opening Price for IBJ Leasing Company,Limited of Thursday, July 4, 2024

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