Acrel Co.,Ltd. Stock Forecast
Acrel Co.,Ltd. stock price up 2.20% on Wednesday
(Updated on Jun 26, 2024)
The Acrel Co.,Ltd. stock price gained 2.20% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥20.45 to ¥20.90. During the last trading day the stock fluctuated 9.79% from a day low at ¥20.13 to a day high of ¥22.10. The price has fallen in 8 of the last 10 days and is down by -11.67% for this period. Volume fell on the last day by -367 thousand shares and in total, 2 million shares were bought and sold for approximately ¥49.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 ¥20.53 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 20.44% during the next 3 months and, with a 90% probability hold a price between ¥24.73 and ¥34.94 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300286.SZ Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Acrel Co.,Ltd. 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 ¥21.69 and ¥23.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -23.72%. 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 Acrel Co.,Ltd. stock
Acrel Co.,Ltd. finds support from accumulated volume at ¥20.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥1.97 between high and low, or 9.79%. For the last week, the stock has had daily average volatility of 8.26%.
Acrel Co.,Ltd. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300286.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Acrel Co.,Ltd. to open at ¥21.04, and during the day (based on 14 day Average True Range), to move between ¥19.09 and ¥22.71, which gives a possible trading interval of +/-¥1.81 (+/-8.65%) up or down from last closing price. If Acrel Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 17.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥20.45 (2.15%) than the resistance at ¥23.70 (13.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Acrel Co.,Ltd. stock A Buy?
The Acrel Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Acrel Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.742 Sell Candidate Unchanged
Predicted Opening Price for Acrel Co.,Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥21.04 ( 0.686%) | ¥20.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300286.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.01 | 10.11% |
| R2 | 22.26 | 6.51% |
| R1 | 21.80 | 4.29% |
| Price | 20.90 | |
| S1 | 20.29 | -2.91% |
| S2 | 19.83 | -5.14% |
| S3 | 19.07 | -8.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.50 | 17.22% |
| R2 | 24.00 | 14.83% |
| R1 | 23.70 | 13.40% |
| Price | 20.90 | |
| S1 | 20.45 | -2.15% |
| S2 | 20.33 | -2.73% |
| S3 | 18.97 | -9.23% |
300286 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 07, 2024 | ¥0.300 | 1.37% |
| 2 | Apr 19, 2023 | Apr 19, 2023 | Apr 19, 2023 | ¥0.200 | 0.545% |
| 3 | May 05, 2022 | May 05, 2022 | May 05, 2022 | ¥0.200 | 1.10% |
| 4 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | ¥0.200 | 1.49% |
| 5 | Apr 17, 2020 | Apr 17, 2020 | Apr 17, 2020 | ¥0.200 | 1.85% |
FAQ
Click here for our free guide on how to buy Acrel Co.,Ltd. Stock.
