Alpha Group Stock Forecast
Alpha Group stock price ended at ¥6.41 on Wednesday, after gaining 3.89%.
(Updated on Apr 24, 2024)
The Alpha Group stock price gained 3.89% on the last trading day (Wednesday, 24th Apr 2024), rising from ¥6.17 to ¥6.41. During the last trading day the stock fluctuated 5.07% from a day low at ¥6.11 to a day high of ¥6.42. The price has fallen in 6 of the last 10 days and is down by -4.61% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 million more shares were traded than the day before. In total, 46 million shares were bought and sold for approximately ¥295.00 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.27% during the next 3 months and, with a 90% probability hold a price between ¥5.75 and ¥8.81 at the end of this 3-month period.
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002292.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.09%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Alpha Group 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 ¥7.27. On a fall, the stock will find some support from the short-term average at ¥6.22. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Alpha Group stock
Alpha Group finds support from accumulated volume at ¥6.12 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 ¥0.310 between high and low, or 5.07%. For the last week, the stock has had daily average volatility of 6.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002292.SZ) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Alpha Group to open at ¥6.31, and during the day (based on 14 day Average True Range), to move between ¥5.90 and ¥6.92, which gives a possible trading interval of +/-¥0.506 (+/-7.89%) up or down from last closing price. If Alpha Group takes out the full calculated possible swing range there will be an estimated 15.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥6.12 (4.52%) than the resistance at ¥7.48 (16.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alpha Group stock A Buy?
Alpha Group 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: -1.431 Sell Candidate Unchanged
Predicted Opening Price for Alpha Group of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
¥6.31 ( 1.51%) | ¥6.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002292.SZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.62 | 3.33 % | |
R2 | 6.50 | 1.48 % | ||
R1 | 6.43 | 0.339 % | ||
Current price: | 6.41 | |||
Support | S1 | 6.19 | -3.36 % | |
S2 | 6.12 | -4.50 % | ||
S3 | 6.00 | -6.34 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.77 | 21.22 % | |
R2 | 7.68 | 19.81 % | ||
R1 | 7.48 | 16.69 % | ||
Current price | 6.41 | |||
Support | S1 | 6.12 | -4.52% | |
S2 | 5.77 | -9.98% | ||
S3 | 5.64 | -12.01% |
002292 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2017 | Jun 13, 2017 | Jun 13, 2017 | ¥0.0400 | 0.248% |
2 | Jun 16, 2016 | Jun 16, 2016 | Jun 16, 2016 | ¥0.0400 | 0.141% |
3 | Jun 02, 2015 | Jun 02, 2015 | Jun 02, 2015 | ¥0.0400 | 0.0530% |
4 | May 13, 2014 | May 13, 2014 | May 13, 2014 | ¥0.0500 | 0.334% |
5 | Apr 18, 2013 | Apr 18, 2013 | Apr 18, 2013 | ¥0.0250 | 0.361% |
FAQ
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