ALPHA Corporation Stock Forecast
ALPHA Corporation stock price down 1.86% on Thursday
(Updated on Apr 25, 2024)
The ALPHA Corporation stock price fell by -1.86% on the last day (Thursday, 25th Apr 2024) from JP¥1,508.00 to JP¥1,480.00. During the last trading day the stock fluctuated 1.28% from a day low at JP¥1,480.00 to a day high of JP¥1,499.00. The price has fallen in 6 of the last 10 days and is down by -7.79% 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 -1 thousand shares and in total, 19 thousand shares were bought and sold for approximately JP¥27.82 million.
Given the current horizontal trend, you can expect ALPHA Corporation stock with a 90% probability to be traded between JP¥1,490.74 and JP¥1,772.97 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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3434.T Signals & Forecast
There are few to no technical positive signals at the moment. The ALPHA Corporation 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¥1,504.14 and JP¥1,616.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -15.67%. 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 ALPHA Corporation stock
ALPHA Corporation finds support from accumulated volume at JP¥1,475.00 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¥19.00 between high and low, or 1.28%. For the last week, the stock has had daily average volatility of 2.03%.
ALPHA Corporation is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: JP¥1,387.55 (-6.25%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 16 which reduces the risk some. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (3434.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ALPHA Corporation to open at JP¥1,486.33, and during the day (based on 14 day Average True Range), to move between JP¥1,444.57 and JP¥1,515.43, which gives a possible trading interval of +/-JP¥35.43 (+/-2.39%) up or down from last closing price. If ALPHA Corporation takes out the full calculated possible swing range there will be an estimated 4.79% 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¥1,475.00 (0.34%) than the resistance at JP¥1,520.00 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ALPHA Corporation stock A Buy?
ALPHA Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.283 Hold/Accumulate Unchanged
Predicted Opening Price for ALPHA Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥1,486.33 ( 0.428%) | JP¥1,480.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3434.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,505.33 | 1.71 % | |
| R2 | 1,498.08 | 1.22 % | ||
| R1 | 1,493.59 | 0.92 % | ||
| Current price: | 1,480.00 | |||
| Support | S1 | 1,479.08 | -0.0625 % | |
| S2 | 1,474.59 | -0.365 % | ||
| S3 | 1,467.33 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,663.00 | 12.36 % | |
| R2 | 1,606.00 | 8.51 % | ||
| R1 | 1,520.00 | 2.70 % | ||
| Current price | 1,480.00 | |||
| Support | S1 | 1,475.00 | -0.338% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
3434 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 2.04% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 1.08% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 1.96% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥10.00 | 0.796% |
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