AP COMPANY CO.,LTD. Stock Forecast
AP COMPANY CO.,LTD. stock price down 0.319% on Friday
(Updated on May 10, 2024)
The AP COMPANY CO.,LTD. stock price fell by -0.319% on the last day (Friday, 10th May 2024) from JP¥940.00 to JP¥937.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.17% from a day low at JP¥937.00 to a day high of JP¥948.00. The price has fallen in 7 of the last 10 days and is down by -1.16% for this period. Volume has increased on the last day by 100 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, 10 thousand shares were bought and sold for approximately JP¥9.18 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.56% during the next 3 months and, with a 90% probability hold a price between JP¥859.89 and JP¥958.55 at the end of this 3-month period.
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3175.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.30%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AP COMPANY 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¥940.29 and JP¥963.54. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for AP COMPANY CO.,LTD. stock
AP COMPANY CO.,LTD. finds support from accumulated volume at JP¥930.00 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¥11.00 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 0.766%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3175.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect AP COMPANY CO.,LTD. to open at JP¥940.67, and during the day (based on 14 day Average True Range), to move between JP¥924.13 and JP¥949.87, which gives a possible trading interval of +/-JP¥12.87 (+/-1.37%) up or down from last closing price. If AP COMPANY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.75% 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¥930.00 (0.75%) than the resistance at JP¥947.00 (1.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
AP COMPANY CO.,LTD. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for AP COMPANY CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.93% in the first trading day after earnings release.
Is AP COMPANY CO.,LTD. stock A Buy?
AP COMPANY CO.,LTD. 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.
Current score: -2.195 Sell Candidate Unchanged
Predicted Opening Price for AP COMPANY CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥940.67 ( 0.391%) | JP¥937.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3175.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 951.67 | 1.57 % | |
| R2 | 947.46 | 1.12 % | ||
| R1 | 944.87 | 0.84 % | ||
| Current price: | 937.00 | |||
| Support | S1 | 936.46 | -0.0571 % | |
| S2 | 933.87 | -0.334 % | ||
| S3 | 929.67 | -0.783 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,038.00 | 10.78 % | |
| R2 | 985.00 | 5.12 % | ||
| R1 | 947.00 | 1.07 % | ||
| Current price | 937.00 | |||
| Support | S1 | 930.00 | -0.747% | |
| S2 | 925.00 | -1.28% | ||
| S3 | 0 | . |
FAQ
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