MATSUYA FOODS HOLDINGS CO.,LTD. Stock Forecast

Stronger technical forecast for MATSUYA FOODS HOLDINGS CO.,LTD. stock price after Friday trading.
(Updated on May 10, 2024)

9887.T Signals & Forecast

There are mixed signals in the stock today. The MATSUYA FOODS HOLDINGS CO.,LTD. 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¥5,558.57 and JP¥5,592.29. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.23%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Monday, August 07, 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 MATSUYA FOODS HOLDINGS CO.,LTD. stock

MATSUYA FOODS HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥5,460.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥70.00 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.34%.

Our recommended stop-loss: JP¥5,186.30 (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (9887.T) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect MATSUYA FOODS HOLDINGS CO.,LTD. to open at JP¥5,500.00, and during the day (based on 14 day Average True Range), to move between JP¥5,400.57 and JP¥5,579.43, which gives a possible trading interval of +/-JP¥89.43 (+/-1.63%) up or down from last closing price. If MATSUYA FOODS HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.26% 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¥5,460.00 (0.55%) than the resistance at JP¥5,630.00 (2.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MATSUYA FOODS HOLDINGS CO.,LTD. stock A Buy?

MATSUYA FOODS HOLDINGS CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.241 Hold/Accumulate Upgraded

Predicted Opening Price for MATSUYA FOODS HOLDINGS CO.,LTD. of Monday, May 13, 2024

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