SEINO HOLDINGS CO.,LTD. Stock Forecast

Weaker technical forecast for SEINO HOLDINGS CO.,LTD. as stock downgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)

9076.T Signals & Forecast

The SEINO HOLDINGS CO.,LTD. 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¥2,160.07 and JP¥2,081.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 7.39%. 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. The stock had a Golden Star Signal on Tuesday, April 23, 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 SEINO HOLDINGS CO.,LTD. stock

SEINO HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥2,145.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥20.00 (0.92%) between high and low. For the last week, the stock has had daily average volatility of 1.12%.

The SEINO HOLDINGS CO.,LTD. stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: JP¥2,097.06 (-4.40%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (9076.T) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect SEINO HOLDINGS CO.,LTD. to open at JP¥2,187.83, and during the day (based on 14 day Average True Range), to move between JP¥2,161.65 and JP¥2,225.35, which gives a possible trading interval of +/-JP¥31.85 (+/-1.45%) up or down from last closing price. If SEINO HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥2,145.00, some JP¥48.50 (2.21%) from the current price of JP¥2,193.50, our system finds the risk reward attractive.

Is SEINO HOLDINGS CO.,LTD. stock A Buy?

SEINO HOLDINGS CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for SEINO HOLDINGS CO.,LTD. of Wednesday, July 3, 2024

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