Adastria Co.,Ltd. Stock Forecast
Red day on Thursday for Adastria Co.,Ltd.
(Updated on Apr 25, 2024)
The Adastria Co.,Ltd. stock price fell by -0.142% on the last day (Thursday, 25th Apr 2024) from JP¥3,520.00 to JP¥3,515.00. During the last trading day the stock fluctuated 2.13% from a day low at JP¥3,515.00 to a day high of JP¥3,590.00. The price has been going up and down for this period, and there has been a 4.3% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -53 thousand shares and in total, 217 thousand shares were bought and sold for approximately JP¥763.11 million.
The stock lies in the middle of a wide and 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 2.05% during the next 3 months and, with a 90% probability hold a price between JP¥3,391.15 and JP¥4,074.95 at the end of this 3-month period.
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2685.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.03%. 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 Adastria Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥3,642.57. On a fall, the stock will find some support from the short-term average at JP¥3,432.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Adastria Co.,Ltd. stock
Adastria Co.,Ltd. finds support from accumulated volume at JP¥3,505.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥75.00 between high and low, or 2.13%. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2685.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Adastria Co.,Ltd. to open at JP¥3,540.00, and during the day (based on 14 day Average True Range), to move between JP¥3,413.22 and JP¥3,616.78, which gives a possible trading interval of +/-JP¥101.78 (+/-2.90%) up or down from last closing price. If Adastria Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.79% 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¥3,505.00 (0.28%) than the resistance at JP¥3,530.00 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Adastria Co.,Ltd. stock A Buy?
Adastria Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.811 Sell Candidate Unchanged
Predicted Opening Price for Adastria Co.,Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥3,540.00 ( 0.711%) | JP¥3,515.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2685.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,615.00 | 2.84 % | |
| R2 | 3,586.35 | 2.03 % | ||
| R1 | 3,568.65 | 1.53 % | ||
| Current price: | 3,515.00 | |||
| Support | S1 | 3,511.35 | -0.104 % | |
| S2 | 3,493.65 | -0.607 % | ||
| S3 | 3,465.00 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,720.00 | 5.83 % | |
| R2 | 3,560.00 | 1.28 % | ||
| R1 | 3,530.00 | 0.427 % | ||
| Current price | 3,515.00 | |||
| Support | S1 | 3,505.00 | -0.284% | |
| S2 | 3,500.00 | -0.427% | ||
| S3 | 3,440.00 | -2.13% |
2685 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥30.00 | 1.03% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥35.00 | 1.57% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥25.00 | 1.23% |
| 5 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥30.00 | 1.79% |
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