COMPUTER ENGINEERING & CONSULTING LTD. Stock Forecast

Green day on Friday for COMPUTER ENGINEERING & CONSULTING LTD.
(Updated on May 31, 2024)

9692.T Signals & Forecast

There are mixed signals in the stock today. The COMPUTER ENGINEERING & CONSULTING 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¥1,749.26. On a fall, the stock will find some support from the short-term average at JP¥1,730.29. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -6.28%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell 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.

Support, Risk & Stop-loss for COMPUTER ENGINEERING & CONSULTING LTD. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,581.00 and JP¥1,576.00. 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, COMPUTER ENGINEERING & CONSULTING LTD. finds support just below today's level at JP¥1,581.00. If this is broken, then the next support from accumulated volume will be at JP¥1,576.00 and JP¥1,551.00.

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¥35.00 (2.05%) between high and low. For the last week, the stock has had daily average volatility of 2.15%.

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

Trading Expectations (9692.T) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect COMPUTER ENGINEERING & CONSULTING LTD. to open at JP¥1,728.33, and during the day (based on 14 day Average True Range), to move between JP¥1,693.01 and JP¥1,770.99, which gives a possible trading interval of +/-JP¥38.99 (+/-2.25%) up or down from last closing price. If COMPUTER ENGINEERING & CONSULTING LTD. takes out the full calculated possible swing range there will be an estimated 4.50% 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¥1,772.00 (2.31%) than the support at JP¥1,581.00 (8.72%), 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 COMPUTER ENGINEERING & CONSULTING LTD. stock A Buy?

COMPUTER ENGINEERING & CONSULTING 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.

Current score: -2.998 Sell Candidate Unchanged

Predicted Opening Price for COMPUTER ENGINEERING & CONSULTING LTD. of Monday, June 3, 2024

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