SQUARE ENIX HOLDINGS CO.,LTD. Stock Forecast

Green day on Thursday for SQUARE ENIX HOLDINGS CO.,LTD. stock after gaining 2.35%
(Updated on May 02, 2024)

9684.T Signals & Forecast

Mostly positive signals in the chart today. The SQUARE ENIX 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¥5,806.57 and JP¥5,756.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 13.29%. 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.

Support, Risk & Stop-loss for SQUARE ENIX HOLDINGS CO.,LTD. stock

SQUARE ENIX HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥6,133.00 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¥159.00 (2.64%) between high and low. For the last week, the stock has had daily average volatility of 2.46%.

The SQUARE ENIX HOLDINGS CO.,LTD. stock is extremely overbought on RSI14 (86). 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¥5,858.89 (-4.78%) (This stock has low daily movements and this gives low risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (9684.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect SQUARE ENIX HOLDINGS CO.,LTD. to open at JP¥6,121.33, and during the day (based on 14 day Average True Range), to move between JP¥5,996.68 and JP¥6,309.32, which gives a possible trading interval of +/-JP¥156.32 (+/-2.54%) up or down from last closing price. If SQUARE ENIX HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.08% 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¥6,133.00 (0.33%) than the resistance at JP¥6,343.00 (3.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SQUARE ENIX HOLDINGS CO.,LTD. stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 3.260 Buy Candidate Unchanged

Predicted Opening Price for SQUARE ENIX HOLDINGS CO.,LTD. of Tuesday, May 7, 2024

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