Chilled & Frozen Logistics Holdings Stock Forecast

Green day on Friday for Chilled & Frozen Logistics Holdings stock after gaining 0.529%
(Updated on May 17, 2024)

9099.T Signals & Forecast

The Chilled & Frozen Logistics Holdings 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¥3,842.14. On a fall, the stock will find some support from the long-term average at approximately JP¥3,333.86. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, May 10, 2024, and so far it has fallen -5.59%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Chilled & Frozen Logistics Holdings stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥3,295.00 and JP¥3,150.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Chilled & Frozen Logistics Holdings finds support just below today's level at JP¥3,295.00. If this is broken, then the next support from accumulated volume will be at JP¥3,150.00 and JP¥3,000.00.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥130.00 between high and low, or 3.49%. For the last week, the stock has had daily average volatility of 3.77%.

Our recommended stop-loss: JP¥3,602.51 (-5.20%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (9099.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Chilled & Frozen Logistics Holdings Co.,Ltd. to open at JP¥3,793.33, and during the day (based on 14 day Average True Range), to move between JP¥3,657.90 and JP¥3,942.10, which gives a possible trading interval of +/-JP¥142.10 (+/-3.74%) up or down from last closing price. If Chilled & Frozen Logistics Holdings Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.48% 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¥3,820.00 (0.53%) than the support at JP¥3,295.00 (13.29%), 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 Chilled & Frozen Logistics Holdings Co.,Ltd. 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 Chilled & Frozen Logistics Holdings stock to perform well in the short-term.

Current score: 1.678 Buy Candidate Unchanged

Predicted Opening Price for Chilled & Frozen Logistics Holdings Co.,Ltd. of Monday, May 20, 2024

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