Asahi Group Holdings,Ltd. Stock Forecast
Asahi Group Holdings,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Asahi Group Holdings,Ltd. stock price fell by -1.18% on the last day (Friday, 28th Jun 2024) from JP¥5,743.00 to JP¥5,675.00. During the last trading day the stock fluctuated 1.77% from a day low at JP¥5,636.00 to a day high of JP¥5,736.00. The price has risen in 7 of the last 10 days and is up by 1.92% over the past 2 weeks. Volume has increased on the last day by 173 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately JP¥9.02 billion.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥5,627.62 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.43% during the next 3 months and, with a 90% probability hold a price between JP¥5,989.50 and JP¥6,511.30 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2502.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.92%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Asahi Group Holdings,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥5,734.00 and JP¥5,769.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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¥5,568.00 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¥100.00 between high and low, or 1.77%. For the last week the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: JP¥5,396.13 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (2502.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Asahi Group Holdings,Ltd. to open at JP¥5,682.33, and during the day (based on 14 day Average True Range), to move between JP¥5,563.45 and JP¥5,786.55, which gives a possible trading interval of +/-JP¥111.55 (+/-1.97%) 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 3.93% 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¥5,568.00 (1.89%) than the resistance at JP¥5,811.00 (2.40%), 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?
Asahi Group Holdings,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.263 Hold/Accumulate Upgraded
Predicted Opening Price for Asahi Group Holdings,Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
JP¥5,682.33 ( 0.129%) | JP¥5,675.00 |
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 | 5,782.33 | 1.89% |
R2 | 5,744.13 | 1.22% |
R1 | 5,720.53 | 0.80% |
Price | 5,675.00 | |
S1 | 5,644.13 | -0.544% |
S2 | 5,620.53 | -0.96% |
S3 | 5,582.33 | -1.63% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5,923.00 | 4.37% |
R2 | 5,900.00 | 3.96% |
R1 | 5,811.00 | 2.40% |
Price | 5,675.00 | |
S1 | 5,568.00 | -1.89% |
S2 | 5,465.00 | -3.70% |
S3 | 5,405.00 | -4.76% |
2502 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥66.00 | 1.16% |
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
Click here for our free guide on how to buy Asahi Group Holdings,Ltd. Stock.