Ebara Corp Ltd ADR Stock Forecast

Red day on Tuesday for Ebara Corp Ltd ADR stock after losing 0.791%
(Updated on Apr 30, 2024)

EBCOY Signals & Forecast

There are mixed signals in the stock today. The Ebara Corp Ltd ADR 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 $43.51. On a fall, the stock will find some support from the short-term average at $41.35. 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 Tuesday, March 12, 2024, and so far it has fallen -11.96%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Ebara Corp Ltd ADR stock

Ebara Corp Ltd ADR finds support from accumulated volume at $41.34 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.130 between high and low, or 0.314%. For the last week the stock has had daily average volatility of 0.773%.

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

Trading Expectations (EBCOY) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect Ebara Corp Ltd ADR to open at $41.42, and during the day (based on 14 day Average True Range), to move between $40.34 and $42.42, which gives a possible trading interval of +/-$1.04 (+/-2.52%) up or down from last closing price. If Ebara Corp Ltd ADR takes out the full calculated possible swing range there will be an estimated 5.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $41.34 (0.10%) than the resistance at $42.82 (3.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ebara Corp Ltd ADR stock A Buy?

Ebara Corp Ltd ADR 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: -2.300 Sell Candidate Unchanged

Predicted Opening Price for Ebara Corp Ltd ADR of Wednesday, May 1, 2024

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