Andon Health Co Ltd Stock Forecast
Andon Health Co Ltd stock price up more than 5.02% on Tuesday
(Updated on May 07, 2024)
The Andon Health Co Ltd stock price gained 5.02% on the last trading day (Tuesday, 7th May 2024), rising from ¥40.61 to ¥42.65. During the last trading day the stock fluctuated 5.22% from a day low at ¥41.15 to a day high of ¥43.30. The price has risen in 7 of the last 10 days and is up by 5.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 million more shares were traded than the day before. In total, 25 million shares were bought and sold for approximately ¥1.05 billion.
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 2.45% during the next 3 months and, with a 90% probability hold a price between ¥41.12 and ¥53.59 at the end of this 3-month period.
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002432.SZ Signals & Forecast
Mostly positive signals in the chart today. The Andon Health Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥41.51 and ¥42.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 6.39%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Andon Health Co Ltd stock
Andon Health Co Ltd finds support from accumulated volume at ¥40.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥2.15 between high and low, or 5.22%. For the last week the stock has had daily average volatility of 4.44%.
Our recommended stop-loss: ¥41.07 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (002432.SZ) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Andon Health Co Ltd to open at ¥42.37, and during the day (based on 14 day Average True Range), to move between ¥40.76 and ¥44.54, which gives a possible trading interval of +/-¥1.89 (+/-4.44%) up or down from last closing price. If Andon Health Co Ltd takes out the full calculated possible swing range there will be an estimated 8.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥40.55 (4.92%) than the resistance at ¥48.43 (13.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Andon Health Co Ltd 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 Andon Health Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.859 Buy Candidate Upgraded
Predicted Opening Price for Andon Health Co Ltd of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ¥42.37 ( 0.664%) | ¥42.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002432.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.52 | 4.38 % | |
| R2 | 43.70 | 2.45 % | ||
| R1 | 43.19 | 1.26 % | ||
| Current price: | 42.65 | |||
| Support | S1 | 41.55 | -2.59 % | |
| S2 | 41.04 | -3.78 % | ||
| S3 | 40.22 | -5.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.69 | 21.20 % | |
| R2 | 50.05 | 17.35 % | ||
| R1 | 48.43 | 13.55 % | ||
| Current price | 42.65 | |||
| Support | S1 | 40.55 | -4.92% | |
| S2 | 40.09 | -6.00% | ||
| S3 | 40.01 | -6.19% |
002432 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | ¥2.50 | 6.68% |
| 2 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | ¥0.700 | 1.23% |
| 3 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | ¥0.0600 | 0.755% |
| 4 | Jun 29, 2015 | Jun 29, 2015 | Jun 29, 2015 | ¥0.0200 | 0.0755% |
| 5 | May 23, 2012 | May 23, 2012 | May 23, 2012 | ¥0.0667 | 1.10% |
FAQ
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