OHBA CO.,LTD. Stock Forecast

OHBA CO.,LTD. stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)

9765.T Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -5.45%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The OHBA CO.,LTD. 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¥1,114.86. On a fall, the stock will find some support from the long-term average at approximately JP¥1,086.54. 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. 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 Wednesday, December 27, 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 OHBA CO.,LTD. stock

OHBA CO.,LTD. finds support from accumulated volume at JP¥1,084.00 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¥16.00 (1.48%) between high and low. For the last week, the stock has had daily average volatility of 1.71%.

Our recommended stop-loss: JP¥1,039.79 (-4.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (9765.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect OHBA CO.,LTD. to open at JP¥1,089.00, and during the day (based on 14 day Average True Range), to move between JP¥1,069.97 and JP¥1,116.03, which gives a possible trading interval of +/-JP¥23.03 (+/-2.11%) up or down from last closing price. If OHBA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.21% 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¥1,097.00 (0.37%) than the support at JP¥1,084.00 (0.82%), 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 OHBA CO.,LTD. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.839 Buy Candidate Upgraded

Predicted Opening Price for OHBA CO.,LTD. of Monday, May 20, 2024

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