Adways Inc. Stock Forecast
Red day on Thursday for Adways Inc.
(Updated on Apr 25, 2024)
No changes to the price of Adways Inc. stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 1.79% from a day low at JP¥447.00 to a day high of JP¥455.00. The price has risen in 6 of the last 10 days and is up by 3.19% over the past 2 weeks.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥438.45, a level that may pose a second chance to hit a runner. According to fan-theory JP¥504.39 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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2489.T Signals & Forecast
The Adways Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥440.29 and JP¥439.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 8.63%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Adways Inc. stock
Adways Inc. finds support from accumulated volume at JP¥447.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥8.00 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: JP¥429.43 (-5.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (2489.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Adways Inc. to open at JP¥451.67, and during the day (based on 14 day Average True Range), to move between JP¥441.76 and JP¥464.24, which gives a possible trading interval of +/-JP¥11.24 (+/-2.48%) up or down from last closing price. If Adways Inc. takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥447.00 (1.32%) than the resistance at JP¥462.00 (1.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Adways Inc. will release earnings BMO on Tuesday, April 30, 2024. We will update the financials statements for Adways Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.77% in the first trading day after earnings release.
Is Adways Inc. stock A Buy?
Adways Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.715 Hold/Accumulate Unchanged
Predicted Opening Price for Adways Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥451.67 ( 0.294%) | JP¥453.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2489.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 459.67 | 1.47 % | |
| R2 | 456.61 | 0.797 % | ||
| R1 | 454.72 | 0.380 % | ||
| Current price: | 453.00 | |||
| Support | S1 | 448.61 | -0.97 % | |
| S2 | 446.72 | -1.39 % | ||
| S3 | 443.67 | -2.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 503.00 | 11.04 % | |
| R2 | 486.00 | 7.28 % | ||
| R1 | 462.00 | 1.99 % | ||
| Current price | 453.00 | |||
| Support | S1 | 447.00 | -1.32% | |
| S2 | 446.00 | -1.55% | ||
| S3 | 436.00 | -3.75% |
2489 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥14.10 | 2.85% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥5.17 | 0.609% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥1.00 | 0.125% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥2.50 | 1.12% |
FAQ
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