Alfresa Holdings Corporation Stock Forecast
Alfresa Holdings Corporation stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The Alfresa Holdings Corporation stock price fell by -1.10% on the last day (Friday, 17th May 2024) from JP¥2,142.00 to JP¥2,118.50. During the last trading day the stock fluctuated 1.83% from a day low at JP¥2,101.50 to a day high of JP¥2,140.00. The price has fallen in 6 of the last 10 days and is down by -9.87% for this period. 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 -203 thousand shares and in total, 464 thousand shares were bought and sold for approximately JP¥982.35 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¥2,098.43 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Alfresa Holdings Corporation stock with a 90% probability to be traded between JP¥2,096.61 and JP¥2,387.61 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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2784.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 0.95%. 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 Alfresa Holdings Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,258.36 and JP¥2,241.63. 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). 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 Alfresa Holdings Corporation stock
Alfresa Holdings Corporation finds support from accumulated volume at JP¥2,098.50 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¥38.50 between high and low, or 1.83%. For the last week, the stock has had daily average volatility of 3.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2784.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Alfresa Holdings Corporation to open at JP¥2,120.00, and during the day (based on 14 day Average True Range), to move between JP¥2,060.49 and JP¥2,176.51, which gives a possible trading interval of +/-JP¥58.01 (+/-2.74%) up or down from last closing price. If Alfresa Holdings Corporation takes out the full calculated possible swing range there will be an estimated 5.48% 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¥2,098.50 (0.94%) than the resistance at JP¥2,210.00 (4.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alfresa Holdings Corporation stock A Buy?
Alfresa Holdings Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.197 Sell Candidate Downgraded
Predicted Opening Price for Alfresa Holdings Corporation of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,120.00 ( 0.0708%) | JP¥2,118.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2784.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,158.50 | 1.89 % | |
| R2 | 2,143.79 | 1.19 % | ||
| R1 | 2,134.71 | 0.765 % | ||
| Current price: | 2,118.50 | |||
| Support | S1 | 2,105.29 | -0.623 % | |
| S2 | 2,096.21 | -1.05 % | ||
| S3 | 2,081.50 | -1.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,295.00 | 8.33 % | |
| R2 | 2,221.50 | 4.86 % | ||
| R1 | 2,210.00 | 4.32 % | ||
| Current price | 2,118.50 | |||
| Support | S1 | 2,098.50 | -0.94% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
2784 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥29.00 | 1.72% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥28.00 | 1.65% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥27.00 | 1.55% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥27.00 | 1.63% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥27.00 | 1.24% |
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