JACCS CO.,LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Sep 30, 2022)
Hold candidate since 2022-09-30 PDF
The JACCS CO.,LTD. stock price fell by -1.91% on the last day (Friday, 30th Sep 2022) from JP¥3660.00 to JP¥3590.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.68% from a day low at JP¥3540.00 to a day high of JP¥3635.00. The price has been going up and down for this period, and there has been a -4.01% loss for the last 2 weeks. Volume has increased on the last day by 9 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, 105 thousand shares were bought and sold for approximately JP¥377.67 million.
Given the current short-term trend, the stock is expected to rise 9.44% during the next 3 months and, with a 90% probability hold a price between JP¥3928.90 and JP¥4384.06 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The JACCS 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¥3685.00 and JP¥3770.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, August 25, 2022, and so far it has fallen -7.24%. 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
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¥95.00 between high and low, or 2.68%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: JP¥3445.01 (-4.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect JACCS CO.,LTD. to open at JP¥3588.33, and during the day (based on 14 day Average True Range), to move between JP¥3526.88 and JP¥3653.12, which gives a possible trading interval of +/-JP¥63.12 (+/-1.76%) up or down from last closing price. If JACCS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.52% 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¥3635.00 (1.25%) than the support at JP¥3505.00 (2.37%), 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 JACCS CO.,LTD. stock A Buy?
JACCS CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.631Hold/Accumulate Upgraded
Predicted Opening Price for JACCS CO.,LTD. of Monday, October 3, 2022
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price October 3, 2022||Current price|
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About JACCS CO.,LTD.
Kyokuyo Co., Ltd. purchases, sells, imports, and exports marine products in Japan and internationally. The company operates through Marine Products Purchasing, Frozen Foods, Shelf-Stable Foods, Logistics, and Tuna segments. It provides fillets, and shelled crab and peeled shrimps. The company also offers sushi toppings to restaurant chains; Dandori Jozu products for industrial use as meals; fried marine products, imitation crab meat, livestock pr... 8584.T Profile
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