IJJ Corporation Stock Forecast

High volatility in IJJ Corporation stock price on Wednesday which ended trading at $0.0006
(Updated on Apr 17, 2024)

IJJP Signals & Forecast

The IJJ Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0006 and $0.0004. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, April 15, 2024, and so far it has fallen -14.29%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for IJJ Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0006 and $0.0005. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0005 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.00009 between high and low, or 16.36%. For the last week, the stock has had daily average volatility of 24.61%.

Our recommended stop-loss: $0.0006 (-5.80%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (IJJP) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect IJJ Corporation to open at $0.0006, and during the day (based on 14 day Average True Range), to move between $0.0005 and $0.0007, which gives a possible trading interval of +/-$0.0001 (+/-20.03%) up or down from last closing price. If IJJ Corporation takes out the full calculated possible swing range there will be an estimated 40.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0006 (8.33%) than the resistance at $0.0007 (16.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is IJJ Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for IJJ Corporation stock to perform well in the short-term.

Current score: 2.493 Buy Candidate Unchanged

Predicted Opening Price for IJJ Corporation of Thursday, April 18, 2024

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