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JP¥56000.00 (0.36%)

Volume: 7.002k

Closed: Sep 30, 2022

Hollow Logo Score: -3.419

Star Asia Investment Corporation Stock Forecast

JP¥56000.00 (0.36%)

Volume: 7.002k

Closed: Sep 30, 2022

Score Hollow Logo -3.419
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ] RSI14 is 36 and the stock is currently not being overbought or oversold
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Green day on Friday for Star Asia Investment Corporation
(Updated on Sep 30, 2022)

Sell candidate since 2022-09-22 Loss -5.41% PDF

The Star Asia Investment Corporation stock price gained 0.36% on the last trading day (Friday, 30th Sep 2022), rising from JP¥55800.00 to JP¥56000.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.00% from a day low at JP¥55100.00 to a day high of JP¥56200.00. The price has been going up and down for this period, and there has been a -4.6% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately JP¥392.11 million.

The stock lies in the middle of a 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 -3.82% during the next 3 months and, with a 90% probability hold a price between JP¥52315.45 and JP¥57026.01 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, September 28, 2022, and so far it has risen 1.27%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Star Asia Investment 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¥57157.14 and JP¥57577.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Star Asia Investment Corporation finds support from accumulated volume at JP¥55900.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 JP¥1100.00 (2.00%) between high and low. For the last week, the stock has had daily average volatility of 2.28%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Star Asia Investment Corporation to open at JP¥55766.67, and during the day (based on 14 day Average True Range), to move between JP¥55049.66 and JP¥56950.34, which gives a possible trading interval of +/-JP¥950.34 (+/-1.70%) up or down from last closing price. If Star Asia Investment Corporation takes out the full calculated possible swing range there will be an estimated 3.39% 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¥55900.00 (0.18%) than the resistance at JP¥56900.00 (1.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Star Asia Investment Corporation stock A Buy?

Star Asia Investment Corporation holds several negative signals and is within a 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: -3.419

Sell Candidate Unchanged

Predicted Opening Price for Star Asia Investment Corporation of Monday, October 3, 2022

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price October 3, 2022 Current price
JP¥55766.67 JP¥56000.00 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 56866.67 1.55 %
56446.47 0.80 %
56186.87 0.33 %
Current price: 56000.00
Support 55346.47 -1.17 %
55086.87 -1.63 %
54666.67 -2.38 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 58000.00 3.57 %
57300.00 2.32 %
56900.00 1.61 %
Current price 56000.00
Support 55900.00 -0.18%
55800.00 -0.36%
55300.00 -1.25%

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About Star Asia Investment Corporation

Star Asia Investment Kyokuyo Co., Ltd. purchases, sells, imports, and exports marine products in Japan and internationally. The company operates through Marine Products Purchasing, Frozen Foods, Shelf-Stable Foods, Logistics, and Tuna segments. It provides fillets, and shelled crab and peeled shrimps. The company also offers sushi toppings to restaurant chains; Dandori Jozu products for industrial use as meals; fried marine products, imitation crab meat, livestock pr... 3468.T Profile

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