Aica Kogyo Company,Limited Stock Forecast
Stronger technical forecast for Aica Kogyo Company,Limited stock price after Friday trading.
(Updated on May 10, 2024)
The Aica Kogyo Company,Limited stock price fell by -0.95% on the last day (Friday, 10th May 2024) from JP¥3,483.00 to JP¥3,450.00. During the last trading day the stock fluctuated 1.63% from a day low at JP¥3,444.00 to a day high of JP¥3,500.00. The price has been going up and down for this period, and there has been a -5.25% loss for the last 2 weeks. Volume has increased on the last day by 53 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, 177 thousand shares were bought and sold for approximately JP¥610.31 million.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately JP¥3,456.08 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4206.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aica Kogyo Company,Limited 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¥3,488.00 and JP¥3,662.83. 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). 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 Aica Kogyo Company,Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥56.00 between high and low, or 1.63%. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: JP¥3,265.08 (-5.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (4206.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Aica Kogyo Company,Limited to open at JP¥3,464.67, and during the day (based on 14 day Average True Range), to move between JP¥3,383.73 and JP¥3,516.27, which gives a possible trading interval of +/-JP¥66.27 (+/-1.92%) up or down from last closing price. If Aica Kogyo Company,Limited takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥3,535.00, some JP¥85.00 (2.46%) from the current price of JP¥3,450.00, our system finds the risk reward not very attractive.
Is Aica Kogyo Company,Limited stock A Buy?
Aica Kogyo Company,Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.322 Hold/Accumulate Upgraded
Predicted Opening Price for Aica Kogyo Company,Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥3,464.67 ( 0.425%) | JP¥3,450.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4206.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,520.67 | 2.05 % | |
| R2 | 3,499.27 | 1.43 % | ||
| R1 | 3,486.06 | 1.05 % | ||
| Current price: | 3,450.00 | |||
| Support | S1 | 3,443.27 | -0.195 % | |
| S2 | 3,430.06 | -0.578 % | ||
| S3 | 3,408.67 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,654.00 | 5.91 % | |
| R2 | 3,556.00 | 3.07 % | ||
| R1 | 3,535.00 | 2.46 % | ||
| Current price | 3,450.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
4206 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥59.00 | 1.95% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥50.00 | 1.58% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥58.00 | 1.91% |
FAQ
Click here for our free guide on how to buy Aica Kogyo Company,Limited Stock.
