Applied Co.,Ltd. Stock Forecast
Applied Co.,Ltd. stock price ended at JP¥2,795.00 on Thursday, after losing 0.92%.
(Updated on May 09, 2024)
The Applied Co.,Ltd. stock price fell by -0.92% on the last day (Thursday, 9th May 2024) from JP¥2,821.00 to JP¥2,795.00. During the last trading day the stock fluctuated 1.59% from a day low at JP¥2,771.00 to a day high of JP¥2,815.00. The price has fallen in 5 of the last 10 days and is down by -3.52% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately JP¥6.15 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,791.09 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 6.70% during the next 3 months and, with a 90% probability hold a price between JP¥2,977.99 and JP¥3,257.03 at the end of this 3-month period.
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3020.T Signals & Forecast
There are few to no technical positive signals at the moment. The Applied 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 JP¥2,817.57 and JP¥2,858.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -3.95%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Monday, November 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, November 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Friday, March 22, 2024 and based on theory for this formation the price should fall by -13.01% to JP¥2,431.33 within 15 trading days since signal was issued (Friday, May 10, 2024).
Support, Risk & Stop-loss for Applied Co.,Ltd. stock
Applied Co.,Ltd. finds support from accumulated volume at JP¥2,755.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥44.00 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 0.709%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3020.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Applied Co.,Ltd. to open at JP¥2,793.67, and during the day (based on 14 day Average True Range), to move between JP¥2,754.26 and JP¥2,835.74, which gives a possible trading interval of +/-JP¥40.74 (+/-1.46%) up or down from last closing price. If Applied Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.92% 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¥2,830.00 (1.25%) than the support at JP¥2,755.00 (1.43%), 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.
Earnings coming up
Applied Co.,Ltd. will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for Applied Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.54% in the first trading day after earnings release.
Is Applied Co.,Ltd. stock A Buy?
The Applied Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Applied Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.011 Sell Candidate Unchanged
Predicted Opening Price for Applied Co.,Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥2,793.67 ( 0.0477%) | JP¥2,795.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3020.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,837.67 | 1.53 % | |
| R2 | 2,820.86 | 0.93 % | ||
| R1 | 2,810.47 | 0.554 % | ||
| Current price: | 2,795.00 | |||
| Support | S1 | 2,776.86 | -0.649 % | |
| S2 | 2,766.47 | -1.02 % | ||
| S3 | 2,749.67 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,899.00 | 3.72 % | |
| R2 | 2,880.00 | 3.04 % | ||
| R1 | 2,830.00 | 1.25 % | ||
| Current price | 2,795.00 | |||
| Support | S1 | 2,755.00 | -1.43% | |
| S2 | 2,676.00 | -4.26% | ||
| S3 | 2,646.00 | -5.33% |
3020 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥60.00 | 2.93% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 0.95% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥40.00 | 1.62% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥20.00 | 0.706% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥35.00 | 1.16% |
FAQ
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