AWA PAPER & TECHNOLOGICAL COMPANY,Inc. Stock Forecast
AWA PAPER & TECHNOLOGICAL COMPANY,Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)
The AWA PAPER & TECHNOLOGICAL COMPANY,Inc. stock price fell by -0.85% on the last day (Thursday, 2nd May 2024) from JP¥473.00 to JP¥469.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.13% from a day low at JP¥469.00 to a day high of JP¥479.00. The price has fallen in 6 of the last 10 days and is down by -1.47% for this period. Volume has increased on the last day by 40 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, 76 thousand shares were bought and sold for approximately JP¥35.78 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥440.78 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.32% during the next 3 months and, with a 90% probability hold a price between JP¥430.57 and JP¥620.82 at the end of this 3-month period.
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3896.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 AWA PAPER & TECHNOLOGICAL COMPANY,Inc. 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¥477.00 and JP¥506.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -27.29%. 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 AWA PAPER & TECHNOLOGICAL COMPANY,Inc. stock
AWA PAPER & TECHNOLOGICAL COMPANY,Inc. finds support from accumulated volume at JP¥468.00 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¥10.00 between high and low, or 2.13%. For the last week the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3896.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect AWA PAPER & TECHNOLOGICAL COMPANY,Inc. to open at JP¥472.33, and during the day (based on 14 day Average True Range), to move between JP¥450.20 and JP¥487.80, which gives a possible trading interval of +/-JP¥18.80 (+/-4.01%) up or down from last closing price. If AWA PAPER & TECHNOLOGICAL COMPANY,Inc. takes out the full calculated possible swing range there will be an estimated 8.02% 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¥468.00 (0.21%) than the resistance at JP¥510.00 (8.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AWA PAPER & TECHNOLOGICAL COMPANY,Inc. stock A Buy?
AWA PAPER & TECHNOLOGICAL COMPANY,Inc. holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.592 Sell Candidate Downgraded
Predicted Opening Price for AWA PAPER & TECHNOLOGICAL COMPANY,Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥472.33 ( 0.711%) | JP¥469.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3896.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 482.33 | 2.84 % | |
| R2 | 478.51 | 2.03 % | ||
| R1 | 476.15 | 1.53 % | ||
| Current price: | 469.00 | |||
| Support | S1 | 468.51 | -0.104 % | |
| S2 | 466.15 | -0.607 % | ||
| S3 | 462.33 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 569.00 | 21.32 % | |
| R2 | 545.00 | 16.20 % | ||
| R1 | 510.00 | 8.74 % | ||
| Current price | 469.00 | |||
| Support | S1 | 468.00 | -0.213% | |
| S2 | 459.00 | -2.13% | ||
| S3 | 451.00 | -3.84% |
3896 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.50 | 0.464% |
| 2 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥3.50 | 0.704% |
| 3 | Sep 26, 2018 | Sep 26, 2018 | Sep 26, 2018 | JP¥3.50 | 0.571% |
| 4 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥3.50 | 0.587% |
| 5 | Sep 27, 2017 | Sep 27, 2017 | Sep 27, 2017 | JP¥3.50 | 0.427% |
FAQ
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