Japan Corporate Housing Service Inc. Stock Forecast

Japan Corporate Housing Service Inc. stock price ended at JP¥1,026.00 on Thursday, after losing 0.581%.
(Updated on May 02, 2024)

8945.T Signals & Forecast

The Japan Corporate Housing Service 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¥1,026.57. On a fall, the stock will find some support from the long-term average at approximately JP¥1,015.11. 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. 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 Thursday, April 25, 2024, and so far it has fallen -2.29%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, March 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 16, 2024.

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 Japan Corporate Housing Service Inc. stock

Japan Corporate Housing Service Inc. finds support from accumulated volume at JP¥1,016.00 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¥12.00 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 2.16%.

Our recommended stop-loss: JP¥978.07 (-4.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (8945.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Japan Corporate Housing Service Inc. to open at JP¥1,030.00, and during the day (based on 14 day Average True Range), to move between JP¥1,009.18 and JP¥1,042.82, which gives a possible trading interval of +/-JP¥16.82 (+/-1.64%) up or down from last closing price. If Japan Corporate Housing Service Inc. takes out the full calculated possible swing range there will be an estimated 3.28% 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¥1,029.00 (0.29%) than the support at JP¥1,016.00 (0.97%), 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 Japan Corporate Housing Service 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 Japan Corporate Housing Service Inc. stock to perform well in the short-term.

Current score: 2.793 Buy Candidate Unchanged

Predicted Opening Price for Japan Corporate Housing Service Inc. of Tuesday, May 7, 2024

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