Arrow Home Group Co., Ltd. Stock Forecast
Red day on Thursday for Arrow Home Group Co., Ltd. stock after losing 2.38%
(Updated on Jun 27, 2024)
The Arrow Home Group Co., Ltd. stock price fell by -2.38% on the last day (Thursday, 27th Jun 2024) from ¥7.57 to ¥7.39. During the last trading day the stock fluctuated 4.62% from a day low at ¥7.36 to a day high of ¥7.70. The price has fallen in 6 of the last 10 days and is down by -11.28% for this period. Volume has increased on the last day by 158 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately ¥19.92 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.00% during the next 3 months and, with a 90% probability hold a price between ¥5.52 and ¥6.02 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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001322.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.79%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Arrow Home Group 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 ¥7.55 and ¥8.32. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Arrow Home Group Co., Ltd. stock
Arrow Home Group Co., Ltd. finds support from accumulated volume at ¥7.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.340 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 6.47%.
Our recommended stop-loss: ¥7.02 (-5.05%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (001322.SZ) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Arrow Home Group Co., Ltd. to open at ¥7.48, and during the day (based on 14 day Average True Range), to move between ¥6.90 and ¥7.88, which gives a possible trading interval of +/-¥0.486 (+/-6.58%) up or down from last closing price. If Arrow Home Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 13.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.32 (0.95%) than the resistance at ¥8.03 (8.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arrow Home Group Co., Ltd. stock A Buy?
Arrow Home Group 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: -0.409 Hold/Accumulate Unchanged
Predicted Opening Price for Arrow Home Group Co., Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ¥7.48 ( 1.26%) | ¥7.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 001322.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.82 | 5.86% |
| R2 | 7.69 | 4.11% |
| R1 | 7.61 | 3.02% |
| Price | 7.39 | |
| S1 | 7.35 | -0.495% |
| S2 | 7.27 | -1.58% |
| S3 | 7.14 | -3.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.17 | 24.09% |
| R2 | 8.28 | 12.04% |
| R1 | 8.03 | 8.66% |
| Price | 7.39 | |
| S1 | 7.32 | -0.95% |
| S2 | 7.26 | -1.76% |
| S3 | 0 | - |
001322 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | ¥0.132 | 1.49% |
| 2 | May 31, 2023 | May 31, 2023 | May 31, 2023 | ¥0.184 | 1.14% |
FAQ
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