INNOTECH CORPORATION Stock Forecast
Red day on Tuesday for INNOTECH CORPORATION stock after losing 0%
(Updated on Apr 23, 2024)
No changes to the price of INNOTECH CORPORATION stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 2.14% from a day low at JP¥1,773.00 to a day high of JP¥1,811.00. The price has fallen in 7 of the last 10 days and is down by -5.59% for this period.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately JP¥1,791.66 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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9880.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The INNOTECH CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,816.71 and JP¥1,946.80. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for INNOTECH CORPORATION stock
INNOTECH CORPORATION finds support from accumulated volume at JP¥1,753.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥38.00 between high and low, or 2.14%. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9880.T) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect INNOTECH CORPORATION to open at JP¥1,791.67, and during the day (based on 14 day Average True Range), to move between JP¥1,743.15 and JP¥1,838.85, which gives a possible trading interval of +/-JP¥47.85 (+/-2.67%) up or down from last closing price. If INNOTECH CORPORATION takes out the full calculated possible swing range there will be an estimated 5.34% 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¥1,824.00 (1.84%) than the support at JP¥1,753.00 (2.12%), 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 INNOTECH CORPORATION stock A Buy?
INNOTECH CORPORATION holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.308 Sell Candidate Unchanged
Predicted Opening Price for INNOTECH CORPORATION of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| JP¥1,791.67 ( 0.0372%) | JP¥1,791.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9880.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,829.67 | 2.16 % | |
| R2 | 1,815.15 | 1.35 % | ||
| R1 | 1,806.18 | 0.85 % | ||
| Current price: | 1,791.00 | |||
| Support | S1 | 1,777.15 | -0.773 % | |
| S2 | 1,768.18 | -1.27 % | ||
| S3 | 1,753.67 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,881.00 | 5.03 % | |
| R2 | 1,863.00 | 4.02 % | ||
| R1 | 1,824.00 | 1.84 % | ||
| Current price | 1,791.00 | |||
| Support | S1 | 1,753.00 | -2.12% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
9880 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥35.00 | 1.95% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 2.55% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥35.00 | 2.76% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥35.00 | 2.51% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥30.00 | 2.13% |
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