Asahi Group Holdings,Ltd. Stock Forecast
Green day on Wednesday for Asahi Group Holdings,Ltd. stock after gaining 0.483%
(Updated on Jun 26, 2024)
The Asahi Group Holdings,Ltd. stock price gained 0.483% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥5,794.00 to JP¥5,822.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.14% from a day low at JP¥5,782.00 to a day high of JP¥5,848.00. The price has risen in 7 of the last 10 days and is up by 0.76% 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, 264 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately JP¥8.73 billion.
The stock lies in the middle of a 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 6.47% during the next 3 months and, with a 90% probability hold a price between JP¥5,979.06 and JP¥6,501.46 at the end of this 3-month period.
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2502.T Signals & Forecast
The Asahi Group Holdings,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 JP¥5,738.43 and JP¥5,756.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.56%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, February 05, 2024 in the long-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 12 Months
The stock had a Golden Star Signal on Monday, February 05, 2024 in the long-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 Asahi Group Holdings,Ltd. stock
Asahi Group Holdings,Ltd. finds support from accumulated volume at JP¥5,811.00 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 JP¥66.00 between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: JP¥5,509.86 (-5.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (2502.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Asahi Group Holdings,Ltd. to open at JP¥5,817.33, and during the day (based on 14 day Average True Range), to move between JP¥5,715.23 and JP¥5,928.77, which gives a possible trading interval of +/-JP¥106.77 (+/-1.83%) up or down from last closing price. If Asahi Group Holdings,Ltd. takes out the full calculated possible swing range there will be an estimated 3.67% 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¥5,811.00 (0.19%) than the resistance at JP¥5,900.00 (1.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Asahi Group Holdings,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 Asahi Group Holdings,Ltd. stock to perform well in the short-term.
Current score: 4.604 Buy Candidate Unchanged
Predicted Opening Price for Asahi Group Holdings,Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥5,817.33 ( 0.0802%) | JP¥5,822.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2502.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,883.33 | 1.05% |
| R2 | 5,858.12 | 0.620% |
| R1 | 5,842.55 | 0.353% |
| Price | 5,822.00 | |
| S1 | 5,792.12 | -0.513% |
| S2 | 5,776.55 | -0.781% |
| S3 | 5,751.33 | -1.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,923.00 | 1.73% |
| R2 | 5,906.00 | 1.44% |
| R1 | 5,900.00 | 1.34% |
| Price | 5,822.00 | |
| S1 | 5,811.00 | -0.189% |
| S2 | 5,465.00 | -6.13% |
| S3 | 5,405.00 | -7.16% |
2502 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥66.00 | 1.13% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 27, 2024 | JP¥65.00 | 1.17% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥56.00 | 0.99% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥58.00 | 1.40% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥55.00 | 1.22% |
FAQ
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