As Partners Co Ltd Stock Forecast
Red day on Friday for As Partners Co Ltd stock after losing 3.64%
(Updated on Jun 28, 2024)
The As Partners Co Ltd stock price fell by -3.64% on the last day (Friday, 28th Jun 2024) from JP¥2,497.00 to JP¥2,406.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.66% from a day low at JP¥2,406.00 to a day high of JP¥2,494.00. The price has risen in 6 of the last 10 days and is up by 21.45% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 68 thousand shares were bought and sold for approximately JP¥164.09 million.
The stock lies in the middle of a wide and strong 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 26.38% during the next 3 months and, with a 90% probability hold a price between JP¥2,789.86 and JP¥3,429.83 at the end of this 3-month period.
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160A.T Signals & Forecast
The As Partners Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥2,437.43. On a fall, the stock will find some support from the long-term average at approximately JP¥2,116.62. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, June 25, 2024, and so far it has fallen -9.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, June 10, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, June 10, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for As Partners Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,234.00 and JP¥2,195.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, As Partners Co Ltd finds support just below today's level at JP¥2,234.00. If this is broken, then the next support from accumulated volume will be at JP¥2,195.00 and JP¥2,110.00.
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 JP¥88.00 between high and low, or 3.66%. For the last week, the stock has had daily average volatility of 6.24%.
Our recommended stop-loss: JP¥2,315.50 (-3.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (160A.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect As Partners Co Ltd to open at JP¥2,435.33, and during the day (based on 14 day Average True Range), to move between JP¥2,306.57 and JP¥2,505.43, which gives a possible trading interval of +/-JP¥99.43 (+/-4.13%) up or down from last closing price. If As Partners Co Ltd takes out the full calculated possible swing range there will be an estimated 8.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥2,523.00 (4.86%) than the support at JP¥2,234.00 (7.15%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is As Partners 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 As Partners Co Ltd stock to perform well in the short-term.
Current score: 1.648 Buy Candidate Unchanged
Predicted Opening Price for As Partners Co Ltd of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
JP¥2,435.33 ( 1.22%) | JP¥2,406.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 160A.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2,523.33 | 4.88% |
R2 | 2,489.72 | 3.48% |
R1 | 2,468.95 | 2.62% |
Price | 2,406.00 | |
S1 | 2,401.72 | -0.178% |
S2 | 2,380.95 | -1.04% |
S3 | 2,347.33 | -2.44% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2,646.00 | 9.98% |
R2 | 2,561.00 | 6.44% |
R1 | 2,523.00 | 4.86% |
Price | 2,406.00 | |
S1 | 2,234.00 | -7.15% |
S2 | 2,195.00 | -8.77% |
S3 | 2,110.00 | -12.30% |
FAQ
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