Actblue Co., Ltd. Stock Forecast
Red day on Friday for Actblue Co., Ltd.
(Updated on Jun 28, 2024)
The Actblue Co., Ltd. stock price fell by -0.129% on the last day (Friday, 28th Jun 2024) from ¥23.33 to ¥23.30. During the last trading day the stock fluctuated 2.50% from a day low at ¥23.20 to a day high of ¥23.78. The price has risen in 6 of the last 10 days but is still down by -2.55% 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 -221 thousand shares and in total, 372 thousand shares were bought and sold for approximately ¥8.67 million.
The stock lies in the middle of a very wide and strong 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 25.86% during the next 3 months and, with a 90% probability hold a price between ¥27.06 and ¥33.85 at the end of this 3-month period.
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300816.SZ Signals & Forecast
There are few to no technical positive signals at the moment. The Actblue 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 ¥23.67 and ¥24.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -6.87%. 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). 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 Actblue Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥21.87 and ¥20.71. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Actblue Co., Ltd. finds support just below today's level at ¥21.87. If this is broken, then the next support from accumulated volume will be at ¥20.71 and ¥20.56.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.580 (2.50%) between high and low. For the last week, the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300816.SZ) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Actblue Co., Ltd. to open at ¥23.43, and during the day (based on 14 day Average True Range), to move between ¥22.33 and ¥24.27, which gives a possible trading interval of +/-¥0.97 (+/-4.15%) up or down from last closing price. If Actblue Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥24.60 (5.58%) than the support at ¥21.87 (6.14%), 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 Actblue Co., Ltd. stock A Buy?
The Actblue Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Actblue Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.695 Sell Candidate Unchanged
Predicted Opening Price for Actblue Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ¥23.43 ( 0.544%) | ¥23.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300816.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.01 | 3.03% |
| R2 | 23.79 | 2.08% |
| R1 | 23.65 | 1.49% |
| Price | 23.30 | |
| S1 | 23.21 | -0.407% |
| S2 | 23.07 | -0.99% |
| S3 | 22.85 | -1.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.86 | 6.70% |
| R2 | 24.75 | 6.22% |
| R1 | 24.60 | 5.58% |
| Price | 23.30 | |
| S1 | 21.87 | -6.14% |
| S2 | 20.71 | -11.12% |
| S3 | 20.56 | -11.76% |
300816 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | ¥0.174 | 0.596% |
| 2 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | ¥0.316 | 0.421% |
| 3 | Jul 09, 2020 | Jul 09, 2020 | Jul 09, 2020 | ¥0.260 | 0.273% |
FAQ
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