AMIYAKI TEI CO.,LTD. Stock Forecast
Green day on Friday for AMIYAKI TEI CO.,LTD. stock after gaining 1.50%
(Updated on May 10, 2024)
The AMIYAKI TEI CO.,LTD. stock price gained 1.50% on the last trading day (Friday, 10th May 2024), rising from JP¥6,020.00 to JP¥6,110.00. During the last trading day the stock fluctuated 4.03% from a day low at JP¥5,960.00 to a day high of JP¥6,200.00. The price has fallen in 7 of the last 10 days and is down by -7.56% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 26 thousand shares were bought and sold for approximately JP¥158.25 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥6,064.59 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 50.11% during the next 3 months and, with a 90% probability hold a price between JP¥9,103.48 and JP¥11,629.20 at the end of this 3-month period.
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2753.T Signals & Forecast
The AMIYAKI TEI CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥6,211.43. On a fall, the stock will find some support from the long-term average at approximately JP¥5,973.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 10, 2024, and so far it has fallen -11.45%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AMIYAKI TEI CO.,LTD. stock
AMIYAKI TEI CO.,LTD. finds support from accumulated volume at JP¥6,080.00 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¥240.00 between high and low, or 4.03%. For the last week, the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: JP¥5,852.83 (-4.21%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (2753.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect AMIYAKI TEI CO.,LTD. to open at JP¥6,090.00, and during the day (based on 14 day Average True Range), to move between JP¥5,861.53 and JP¥6,358.47, which gives a possible trading interval of +/-JP¥248.47 (+/-4.07%) up or down from last closing price. If AMIYAKI TEI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 8.13% 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¥6,080.00 (0.49%) than the resistance at JP¥6,260.00 (2.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AMIYAKI TEI CO.,LTD. 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 AMIYAKI TEI CO.,LTD. stock to perform well in the short-term.
Current score: 4.360 Buy Candidate Unchanged
Predicted Opening Price for AMIYAKI TEI CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥6,090.00 ( 0.327%) | JP¥6,110.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2753.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,330.00 | 3.60 % | |
| R2 | 6,238.32 | 2.10 % | ||
| R1 | 6,181.68 | 1.17 % | ||
| Current price: | 6,110.00 | |||
| Support | S1 | 5,998.32 | -1.83 % | |
| S2 | 5,941.68 | -2.75 % | ||
| S3 | 5,850.00 | -4.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,900.00 | 12.93 % | |
| R2 | 6,290.00 | 2.95 % | ||
| R1 | 6,260.00 | 2.45 % | ||
| Current price | 6,110.00 | |||
| Support | S1 | 6,080.00 | -0.491% | |
| S2 | 5,890.00 | -3.60% | ||
| S3 | 5,640.00 | -7.69% |
2753 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¥30.00 | 1.00% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0.341% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 0.675% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥10.00 | 0.344% |
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