Akatsuki Inc. Stock Forecast
Akatsuki Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jul 03, 2024)
The Akatsuki Inc. stock price fell by -0.545% on the last day (Wednesday, 3rd Jul 2024) from JP¥2,570.00 to JP¥2,556.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.48% from a day low at JP¥2,543.00 to a day high of JP¥2,606.00. The price has fallen in 6 of the last 10 days but is still up by 4.41% over the past 2 weeks. 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 -2 thousand shares and in total, 94 thousand shares were bought and sold for approximately JP¥240.26 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.02% during the next 3 months and, with a 90% probability hold a price between JP¥2,079.85 and JP¥2,739.62 at the end of this 3-month period.
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3932.T Signals & Forecast
The Akatsuki Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥2,576.86. On a fall, the stock will find some support from the long-term average at approximately JP¥2,255.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -4.70%. Further fall is indicated until a new bottom pivot has been found. 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 Akatsuki Inc. stock
Akatsuki Inc. finds support from accumulated volume at JP¥2,448.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥63.00 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: JP¥2,454.53 (-3.97%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (3932.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Akatsuki Inc. to open at JP¥2,568.33, and during the day (based on 14 day Average True Range), to move between JP¥2,483.13 and JP¥2,628.87, which gives a possible trading interval of +/-JP¥72.87 (+/-2.85%) up or down from last closing price. If Akatsuki Inc. takes out the full calculated possible swing range there will be an estimated 5.70% 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¥2,558.00 (0.08%) than the support at JP¥2,448.00 (4.23%), 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 Akatsuki Inc. stock A Buy?
Akatsuki Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.550 Hold/Accumulate Downgraded
Predicted Opening Price for Akatsuki Inc. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥2,568.33 ( 0.483%) | JP¥2,556.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3932.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,631.33 | 2.95% |
| R2 | 2,607.27 | 2.01% |
| R1 | 2,592.40 | 1.42% |
| Price | 2,556.00 | |
| S1 | 2,544.27 | -0.459% |
| S2 | 2,529.40 | -1.04% |
| S3 | 2,505.33 | -1.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,682.00 | 4.93% |
| R2 | 2,651.00 | 3.72% |
| R1 | 2,558.00 | 0.0782% |
| Price | 2,556.00 | |
| S1 | 2,448.00 | -4.23% |
| S2 | 2,422.00 | -5.24% |
| S3 | 2,179.00 | -14.75% |
3932 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥40.00 | 1.95% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 08, 2023 | JP¥40.00 | 1.89% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 1.79% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 1.91% |
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