First Juken Co,.Ltd. Stock Forecast

First Juken Co,.Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)

8917.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.377%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The First Juken 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¥1,082.00 and JP¥1,134.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for First Juken Co,.Ltd. stock

First Juken Co,.Ltd. finds support from accumulated volume at JP¥1,061.00 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¥11.00 between high and low, or 1.04%. For the last week, the stock has had daily average volatility of 2.09%.

First Juken Co,.Ltd. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: JP¥999.86 (-6.12%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 12 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (8917.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect First Juken Co,.Ltd. to open at JP¥1,065.33, and during the day (based on 14 day Average True Range), to move between JP¥1,047.07 and JP¥1,082.93, which gives a possible trading interval of +/-JP¥17.93 (+/-1.68%) up or down from last closing price. If First Juken Co,.Ltd. takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at JP¥1,061.00 (0.38%) than the resistance at JP¥1,072.00 (0.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is First Juken Co,.Ltd. stock A Buy?

First Juken 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: 0.604 Hold/Accumulate Upgraded

Predicted Opening Price for First Juken Co,.Ltd. of Tuesday, May 7, 2024

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