ARATA CORPORATION Stock Forecast
Stronger technical forecast for ARATA CORPORATION stock price after Friday trading.
(Updated on May 17, 2024)
The ARATA CORPORATION stock price gained 0.634% on the last trading day (Friday, 17th May 2024), rising from JP¥3,155.00 to JP¥3,175.00. During the last trading day the stock fluctuated 1.58% from a day low at JP¥3,155.00 to a day high of JP¥3,205.00. The price has fallen in 6 of the last 10 days and is down by -8.76% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 41 thousand shares were bought and sold for approximately JP¥128.59 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥3,155.54 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ARATA CORPORATION stock with a 90% probability to be traded between JP¥3,184.65 and JP¥3,538.31 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.
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2733.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 0.634%. Further rise is indicated until a new top pivot has been found. 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. The ARATA CORPORATION 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¥3,230.00 and JP¥3,245.14. 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).
Support, Risk & Stop-loss for ARATA CORPORATION stock
ARATA CORPORATION finds support from accumulated volume at JP¥3,155.00 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¥50.00 between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: JP¥2,983.89 (-6.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (2733.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ARATA CORPORATION to open at JP¥3,178.33, and during the day (based on 14 day Average True Range), to move between JP¥3,092.75 and JP¥3,257.25, which gives a possible trading interval of +/-JP¥82.25 (+/-2.59%) up or down from last closing price. If ARATA CORPORATION takes out the full calculated possible swing range there will be an estimated 5.18% 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¥3,195.00 (0.63%) than the support at JP¥3,155.00 (0.63%), 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 ARATA CORPORATION stock A Buy?
ARATA CORPORATION 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: 0.030 Hold/Accumulate Upgraded
Predicted Opening Price for ARATA CORPORATION of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥3,178.33 ( 0.105%) | JP¥3,175.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2733.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,228.33 | 1.68 % | |
| R2 | 3,209.23 | 1.08 % | ||
| R1 | 3,197.43 | 0.707 % | ||
| Current price: | 3,175.00 | |||
| Support | S1 | 3,159.23 | -0.497 % | |
| S2 | 3,147.43 | -0.87 % | ||
| S3 | 3,128.33 | -1.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,360.00 | 5.83 % | |
| R2 | 3,210.00 | 1.10 % | ||
| R1 | 3,195.00 | 0.630 % | ||
| Current price | 3,175.00 | |||
| Support | S1 | 3,155.00 | -0.630% | |
| S2 | 3,130.00 | -1.42% | ||
| S3 | 3,105.00 | -2.20% |
2733 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥68.00 | 3.38% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥68.00 | 3.31% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.271% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥58.00 | 2.67% |
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