GLOSEL Co.,Ltd. Stock Forecast

GLOSEL Co.,Ltd. stock price ended at JP¥747.00 on Thursday, after losing 0%.
(Updated on May 09, 2024)

9995.T Signals & Forecast

The GLOSEL 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¥747.29. On a fall, the stock will find some support from the long-term average at approximately JP¥746.86. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -0.267%. 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 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. The stock had a Golden Star Signal on Monday, April 01, 2024 in the short-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 GLOSEL Co.,Ltd. stock

GLOSEL Co.,Ltd. finds support from accumulated volume at JP¥746.00 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¥1.00 between high and low, or 0.134%. For the last week the stock has had daily average volatility of 0.161%.

Our recommended stop-loss: JP¥708.87 (-5.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (9995.T) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect GLOSEL Co.,Ltd. to open at JP¥747.33, and during the day (based on 14 day Average True Range), to move between JP¥745.61 and JP¥748.39, which gives a possible trading interval of +/-JP¥1.39 (+/-0.19%) up or down from last closing price. If GLOSEL Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 0.37% 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¥748.00 (0.13%) than the support at JP¥746.00 (0.13%), 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 GLOSEL Co.,Ltd. stock A Buy?

GLOSEL Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.659 Hold/Accumulate Unchanged

Predicted Opening Price for GLOSEL Co.,Ltd. of Friday, May 10, 2024

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