ASKUL Corporation Stock Forecast

ASKUL Corporation stock price up 0.94% on Friday
(Updated on Apr 26, 2024)

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.

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

The predicted opening price is based on yesterday's movements between high, low, and closing price.