Altech Corporation Stock Forecast
Altech Corporation stock price ended at JP¥2,780.00 on Wednesday, after gaining 0.180%.
(Updated on May 08, 2024)
The Altech Corporation stock price gained 0.180% on the last trading day (Wednesday, 8th May 2024), rising from JP¥2,775.00 to JP¥2,780.00. During the last trading day the stock fluctuated 1.23% from a day low at JP¥2,766.00 to a day high of JP¥2,800.00. The price has risen in 7 of the last 10 days and is up by 6.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 38 thousand shares were bought and sold for approximately JP¥105.08 million.
Given the current short-term trend, the stock is expected to fall -8.11% during the next 3 months and, with a 90% probability hold a price between JP¥2,369.01 and JP¥2,554.65 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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4641.T Signals & Forecast
Mostly positive signals in the chart today. The Altech Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥2,744.57 and JP¥2,726.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.07%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Altech Corporation stock
Altech Corporation finds support from accumulated volume at JP¥2,770.00 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¥34.00 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: JP¥2,650.82 (-4.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (4641.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Altech Corporation to open at JP¥2,782.00, and during the day (based on 14 day Average True Range), to move between JP¥2,736.99 and JP¥2,823.01, which gives a possible trading interval of +/-JP¥43.01 (+/-1.55%) up or down from last closing price. If Altech Corporation takes out the full calculated possible swing range there will be an estimated 3.09% 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¥2,770.00 (0.36%) than the resistance at JP¥2,835.00 (1.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Altech Corporation will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Altech Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.57% in the first trading day after earnings release.
Is Altech Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.036 Buy Candidate Unchanged
Predicted Opening Price for Altech Corporation of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥2,782.00 ( 0.0719%) | JP¥2,780.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4641.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,816.00 | 1.29 % | |
| R2 | 2,803.01 | 0.83 % | ||
| R1 | 2,794.99 | 0.539 % | ||
| Current price: | 2,780.00 | |||
| Support | S1 | 2,769.01 | -0.395 % | |
| S2 | 2,760.99 | -0.684 % | ||
| S3 | 2,748.00 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,933.00 | 5.50 % | |
| R2 | 2,922.00 | 5.11 % | ||
| R1 | 2,835.00 | 1.98 % | ||
| Current price | 2,780.00 | |||
| Support | S1 | 2,770.00 | -0.360% | |
| S2 | 2,736.00 | -1.58% | ||
| S3 | 2,734.00 | -1.65% |
4641 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥10.00 | 0.331% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥47.00 | 2.24% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥38.00 | 2.14% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥39.00 | 2.04% |
FAQ
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