Electric Power Development Co.,Ltd. Stock Forecast

Stronger technical forecast for Electric Power Development Co.,Ltd. stock price after Friday trading.
(Updated on Jun 14, 2024)

9513.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 1.83%. 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 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. The Electric Power Development Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,581.89. On a fall, the stock will find some support from the short-term average at JP¥2,534.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. The stock had a Golden Star Signal on Thursday, November 30, 2023 in the long-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 Electric Power Development Co.,Ltd. stock

Electric Power Development Co.,Ltd. finds support from accumulated volume at JP¥2,516.50 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¥31.00 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.68%.

Our recommended stop-loss: JP¥2,399.71 (-5.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)

Trading Expectations (9513.T) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Electric Power Development Co.,Ltd. to open at JP¥2,528.50, and during the day (based on 14 day Average True Range), to move between JP¥2,484.67 and JP¥2,588.33, which gives a possible trading interval of +/-JP¥51.83 (+/-2.04%) up or down from last closing price. If Electric Power Development Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.09% 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¥2,542.50 (0.24%) than the support at JP¥2,516.50 (0.79%), 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 Electric Power Development Co.,Ltd. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Electric Power Development Co.,Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.438 Buy Candidate Upgraded

Predicted Opening Price for Electric Power Development Co.,Ltd. of Monday, June 17, 2024

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