ASKUL Corporation Stock Forecast
ASKUL Corporation stock price up 0.94% on Friday
(Updated on Apr 26, 2024)
The ASKUL Corporation stock price gained 0.94% on the last trading day (Friday, 26th Apr 2024), rising from JP¥2,345.00 to JP¥2,367.00. During the last trading day the stock fluctuated 2.68% from a day low at JP¥2,310.00 to a day high of JP¥2,372.00. The price has risen in 7 of the last 10 days and is up by 2.2% 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, 48 thousand more shares were traded than the day before. In total, 213 thousand shares were bought and sold for approximately JP¥504.64 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥2,393.62 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 19.16% during the next 3 months and, with a 90% probability hold a price between JP¥2,625.37 and JP¥2,852.26 at the end of this 3-month period.
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2678.T Signals & Forecast
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¥2,354.29 and JP¥2,209.43. A breakdown below any of these levels will issue sell signals. 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. 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 Wednesday, April 24, 2024, and so far it has fallen -0.588%. Further fall is indicated until a new bottom pivot has been found. 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
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,200.00 and JP¥2,125.00. 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, ASKUL Corporation finds support just below today's level at JP¥2,200.00. If this is broken, then the next support from accumulated volume will be at JP¥2,125.00 and JP¥2,026.00.
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¥62.00 (2.68%) between high and low. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: JP¥2,275.36 (-3.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (2678.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect ASKUL Corporation to open at JP¥2,349.67, and during the day (based on 14 day Average True Range), to move between JP¥2,312.91 and JP¥2,421.09, which gives a possible trading interval of +/-JP¥54.09 (+/-2.29%) up or down from last closing price. If ASKUL Corporation takes out the full calculated possible swing range there will be an estimated 4.57% 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¥2,368.00 (0.04%) than the support at JP¥2,200.00 (7.06%), 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 ASKUL Corporation 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 ASKUL Corporation stock to perform well in the short-term.
Current score: 2.586 Buy Candidate Unchanged
Predicted Opening Price for ASKUL Corporation of Tuesday, April 30, 2024
Fair opening price April 30, 2024 | Current price |
---|---|
JP¥2,349.67 ( 0.732%) | JP¥2,367.00 |
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 | 2,411.67 | 1.89 % | |
R2 | 2,387.98 | 0.89 % | ||
R1 | 2,373.35 | 0.268 % | ||
Current price: | 2,367.00 | |||
Support | S1 | 2,325.98 | -1.73 % | |
S2 | 2,311.35 | -2.35 % | ||
S3 | 2,287.67 | -3.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 2,381.00 | 0.591 % | ||
R1 | 2,368.00 | 0.0422 % | ||
Current price | 2,367.00 | |||
Support | S1 | 2,200.00 | -7.06% | |
S2 | 2,125.00 | -10.22% | ||
S3 | 2,026.00 | -14.41% |
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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