ASKUL Corporation Stock Forecast
Green day on Thursday for ASKUL Corporation stock after gaining 1.20%
(Updated on Mar 28, 2024)
The ASKUL Corporation stock price gained 1.20% on the last trading day (Thursday, 28th Mar 2024), rising from JP¥2,174.00 to JP¥2,200.00. It has now gained 3 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 2.44% from a day low at JP¥2,174.00 to a day high of JP¥2,227.00. The price has risen in 8 of the last 10 days and is up by 8.16% 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, 61 thousand more shares were traded than the day before. In total, 407 thousand shares were bought and sold for approximately JP¥895.18 million.
Given the current horizontal trend, you can expect ASKUL Corporation stock with a 90% probability to be traded between JP¥1,964.54 and JP¥2,189.55 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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2678.T Signals & Forecast
Mostly positive signals in the chart today. The ASKUL Corporation 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¥2,139.43 and JP¥2,055.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 11.11%. 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. The stock had a Golden Star Signal on Wednesday, March 13, 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 Wednesday, March 13, 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 ASKUL Corporation stock
ASKUL Corporation finds support from accumulated volume at JP¥2,127.00 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¥53.00 (2.44%) between high and low. For the last week, the stock has had daily average volatility of 2.54%.
The ASKUL Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥2,124.32 (-3.44%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (2678.T) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect ASKUL Corporation to open at JP¥2,200.33, and during the day (based on 14 day Average True Range), to move between JP¥2,146.85 and JP¥2,253.15, which gives a possible trading interval of +/-JP¥53.15 (+/-2.42%) up or down from last closing price. If ASKUL Corporation takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,127.00, some JP¥73.00 (3.32%) from the current price of JP¥2,200.00, our system finds the risk reward attractive.
Is ASKUL Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ASKUL Corporation stock to perform well in the short-term period.
Current score: 3.917 Buy Candidate Unchanged
Predicted Opening Price for ASKUL Corporation of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
JP¥2,200.33 ( 0.0152%) | JP¥2,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2678.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,253.33 | 2.42 % | |
R2 | 2,233.09 | 1.50 % | ||
R1 | 2,220.58 | 0.94 % | ||
Current price: | 2,200.00 | |||
Support | S1 | 2,180.09 | -0.91 % | |
S2 | 2,167.58 | -1.47 % | ||
S3 | 2,147.33 | -2.39 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 2,200.00 | |||
Support | S1 | 2,127.00 | -3.32% | |
S2 | 2,125.00 | -3.41% | ||
S3 | 2,026.00 | -7.91% |
2678 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 17, 2024 | May 17, 2024 | May 17, 2024 | JP¥0 | 0% |
2 | May 18, 2023 | May 18, 2023 | May 18, 2023 | JP¥16.00 | 0.85% |
3 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | JP¥16.00 | 1.01% |
4 | May 19, 2022 | May 19, 2022 | May 19, 2022 | JP¥16.00 | 1.11% |
5 | Nov 18, 2021 | Nov 18, 2021 | Nov 18, 2021 | JP¥15.00 | 0.99% |
FAQ
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