STARTS CORPORATION INC. Stock Forecast

STARTS CORPORATION INC. stock price up 0.142% on Thursday
(Updated on May 02, 2024)

8850.T Signals & Forecast

The STARTS CORPORATION INC. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥3,529.29. On a fall, the stock will find some support from the long-term average at approximately JP¥3,302.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, April 30, 2024, and so far it has fallen -1.40%. 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 Wednesday, February 28, 2024 in the short-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 STARTS CORPORATION INC. stock

STARTS CORPORATION INC. finds support from accumulated volume at JP¥3,410.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥65.00 between high and low, or 1.88%. For the last week, the stock has had daily average volatility of 2.25%.

Our recommended stop-loss: JP¥3,371.31 (-4.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (8850.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect STARTS CORPORATION INC. to open at JP¥3,498.33, and during the day (based on 14 day Average True Range), to move between JP¥3,431.46 and JP¥3,608.54, which gives a possible trading interval of +/-JP¥88.54 (+/-2.52%) up or down from last closing price. If STARTS CORPORATION INC. takes out the full calculated possible swing range there will be an estimated 5.03% 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¥3,530.00 (0.28%) than the support at JP¥3,410.00 (3.13%), 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 STARTS CORPORATION INC. 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 STARTS CORPORATION INC. stock to perform well in the short-term.

Current score: 2.518 Buy Candidate Unchanged

Predicted Opening Price for STARTS CORPORATION INC. of Tuesday, May 7, 2024

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