Electric Power Development Co.,Ltd. Stock Forecast

Electric Power Development Co.,Ltd. stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)

9513.T Signals & Forecast

There are mixed signals in the stock today. 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¥2,549.69. On a fall, the stock will find some support from the short-term average at JP¥2,495.07. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.11%. 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. 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¥2,491.00 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¥24.00 (0.96%) between high and low. For the last week, the stock has had daily average volatility of 1.36%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (9513.T) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Electric Power Development Co.,Ltd. to open at JP¥2,512.17, and during the day (based on 14 day Average True Range), to move between JP¥2,471.42 and JP¥2,561.58, which gives a possible trading interval of +/-JP¥45.08 (+/-1.79%) 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 3.58% 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¥2,491.00 (1.01%) than the resistance at JP¥2,542.50 (1.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Electric Power Development Co.,Ltd. stock A Buy?

Electric Power Development Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.502 Sell Candidate Downgraded

Predicted Opening Price for Electric Power Development Co.,Ltd. of Wednesday, June 26, 2024

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