ATSUGI CO.,LTD. Stock Forecast
ATSUGI CO.,LTD. stock upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The ATSUGI CO.,LTD. stock price fell by -1.56% on the last day (Tuesday, 25th Jun 2024) from JP¥640.00 to JP¥630.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 5.44% from a day low at JP¥607.00 to a day high of JP¥640.00. The price has fallen in 7 of the last 10 days and is down by -2.93% for this period. Volume has increased on the last day by 65 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, 148 thousand shares were bought and sold for approximately JP¥93.18 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥628.15 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 16.05% during the next 3 months and, with a 90% probability hold a price between JP¥728.95 and JP¥835.97 at the end of this 3-month period.
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3529.T Signals & Forecast
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 ATSUGI CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥648.00 and JP¥645.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -6.94%. Further fall is indicated until a new bottom pivot has been found. 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 ATSUGI CO.,LTD. stock
ATSUGI CO.,LTD. finds support from accumulated volume at JP¥621.00 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¥33.00 (5.44%) between high and low. For the last week, the stock has had daily average volatility of 3.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3529.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ATSUGI CO.,LTD. to open at JP¥625.67, and during the day (based on 14 day Average True Range), to move between JP¥611.03 and JP¥648.97, which gives a possible trading interval of +/-JP¥18.97 (+/-3.01%) up or down from last closing price. If ATSUGI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.02% 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¥621.00 (1.43%) than the resistance at JP¥641.00 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ATSUGI CO.,LTD. stock A Buy?
The ATSUGI CO.,LTD. stock holds several negative signals and despite the positive trend, we believe ATSUGI CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.760 Sell Candidate Upgraded
Predicted Opening Price for ATSUGI CO.,LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥625.67 ( 0.688%) | JP¥630.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3529.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 658.67 | 4.55% |
| R2 | 646.06 | 2.55% |
| R1 | 638.27 | 1.31% |
| Price | 630.00 | |
| S1 | 613.06 | -2.69% |
| S2 | 605.27 | -3.92% |
| S3 | 592.67 | -5.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 668.00 | 6.03% |
| R2 | 648.00 | 2.86% |
| R1 | 641.00 | 1.75% |
| Price | 630.00 | |
| S1 | 621.00 | -1.43% |
| S2 | 581.00 | -7.78% |
| S3 | 555.00 | -11.90% |
3529 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥15.00 | 2.29% |
| 2 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥30.00 | 3.05% |
| 3 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥30.00 | 2.50% |
| 4 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥30.00 | 2.14% |
| 5 | Mar 29, 2016 | Mar 29, 2016 | Mar 29, 2016 | JP¥30.00 | 2.56% |
FAQ
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