AltPlusInc. Stock Forecast
Green day on Friday for AltPlusInc. stock after gaining 1.56%
(Updated on Jun 28, 2024)
The AltPlusInc. stock price gained 1.56% on the last trading day (Friday, 28th Jun 2024), rising from JP¥128.00 to JP¥130.00. During the last trading day the stock fluctuated 0.775% from a day low at JP¥129.00 to a day high of JP¥130.00. The price has fallen in 4 of the last 10 days but is still up by 0.78% over the past 2 weeks. Volume fell on the last day by -79 thousand shares and in total, 29 thousand shares were bought and sold for approximately JP¥3.71 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -4.11% during the next 3 months and, with a 90% probability hold a price between JP¥117.49 and JP¥127.00 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3672.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AltPlusInc. 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¥131.00 and JP¥130.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -2.26%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AltPlusInc. stock
AltPlusInc. finds support from accumulated volume at JP¥128.00 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¥1.00 (0.775%) between high and low. For the last week, the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3672.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect AltPlusInc. to open at JP¥129.67, and during the day (based on 14 day Average True Range), to move between JP¥126.37 and JP¥133.63, which gives a possible trading interval of +/-JP¥3.63 (+/-2.80%) up or down from last closing price. If AltPlusInc. takes out the full calculated possible swing range there will be an estimated 5.59% 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¥131.00 (0.77%) than the support at JP¥128.00 (1.54%), 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.
Is AltPlusInc. stock A Buy?
AltPlusInc. 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: -4.405 Sell Candidate Unchanged
Predicted Opening Price for AltPlusInc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥129.67 ( 0.256%) | JP¥130.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3672.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 130.67 | 0.513% |
| R2 | 130.28 | 0.219% |
| R1 | 130.05 | 0.0374% |
| Price | 130.00 | |
| S1 | 129.28 | -0.550% |
| S2 | 129.05 | -0.732% |
| S3 | 128.67 | -1.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 134.00 | 3.08% |
| R2 | 132.00 | 1.54% |
| R1 | 131.00 | 0.769% |
| Price | 130.00 | |
| S1 | 128.00 | -1.54% |
| S2 | 127.00 | -2.31% |
| S3 | 126.00 | -3.08% |
3672 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2015 | Sep 28, 2015 | Sep 28, 2015 | JP¥13.75 | 2.78% |
| 2 | Sep 26, 2013 | Sep 26, 2013 | Sep 26, 2013 | JP¥13.75 | 0.644% |
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