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Takip Edin: @UscMarketsITOCF Stock Forecast & ITOCHU Corporation Chart Analysis
This article provides a detailed analysis of ITOCF-ITOCHU Corporation stock including a forecast for ITOCF shares. It features ITOCHU Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
ITOCF Historical Data Review
ITOCF Current Price Performance Analysis
The ITOCHU Corporation - ITOCF stock traded on the American stock market, on 06-05-2024, closed at 47.01$ with a %-2.12 decreased compared to the previous day.
In the last month, the price of ITOCF changed by %-2.77 decreased in value, from 48.35 dollars on 05-06-2024 to 47.01 dollars, decreased.
Last year, the price of ITOCF was 38.04 dollars on 06-06-2023, and changed by %23.58 increased in value, to 47.01 dollars increased within a year.
The price of ITOCHU Corporation stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
ITOCF with AI Stock Forecast & Price Target
On the ITOCF chart ITOCHU Corporation price was recorded as 47.01 Dollars on 06/05/2024.
The artificial intelligence's forecast on ITOCF stock is as follows.
The artificial intelligence's prediction error margin for ITOCF stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for ITOCHU Corporation stock over the next 4 months is: 47.1 Dollars.
The commentary on ITOCF stock Target Price: Highest: 50.498 Dollars is predicted.
The commentary on ITOCF stock Target Price: Lowest: 43.535 Dollars is predicted.
Resistance Price where ITOCHU Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 01-06-2025 | 50.498 |
Support Price where ITOCHU Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-03-2024 | 43.535 |
| 03-27-2025 | 46.495 |
The commentary on ITOCF stock: Fluctuations in the target price can be expected in the coming days.
The target price for ITOCHU Corporation stock by the end of 2024 is predicted to be 50.334 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on ITOCF stock, and the 2024 target price predictions for ITOCHU Corporation are detailed above.
The technical analysis and charts for the commentary on ITOCF stock are below.
ITOCF Support & Resistance and Trend Analysis
ITOCF stock you have reviewed the technical analysis support resistance charts regarding.
ITOCF : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the ITOCF review, the ITOCHU Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
ITOCHU Corporation Support and Resistance Prices:
| ITOCF Support Level Price | ITOCF Resistance Level Price |
|---|---|
| 38.53 | 41.95 |
| 38.85 | 42.30 |
| 39.10 | 44.98 |
| 41.51 | 45.50 |
| 41.54 | 45.83 |
| 41.56 | 46.04 |
| 42.70 | 46.73 |
| 42.81 | 46.94 |
| 43.12 | 48.85 |
| 44.68 | 49.10 |
| 45.16 | 49.32 |
ITOCF Technical Analysis: SMA, RSI, MACD
Upon reviewing the ITOCF chart, buy and sell signals have been generated in the ITOCHU Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for ITOCF stock are as follows:- The technical analysis for ITOCF indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for ITOCHU Corporation issued a 'Buy' signal when the MACD was at 0.572, with the current MACD value being: 0.577
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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