AICHI STEEL CORPORATION Stock Forecast
AICHI STEEL CORPORATION stock price up 1.37% on Friday
(Updated on May 17, 2024)
The AICHI STEEL CORPORATION stock price gained 1.37% on the last trading day (Friday, 17th May 2024), rising from JP¥3,655.00 to JP¥3,705.00. During the last trading day the stock fluctuated 1.23% from a day low at JP¥3,670.00 to a day high of JP¥3,715.00. The price has risen in 7 of the last 10 days and is up by 8.97% 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, 4 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately JP¥183.40 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AICHI STEEL CORPORATION stock with a 90% probability to be traded between JP¥3,369.85 and JP¥3,939.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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5482.T Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AICHI STEEL CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥3,757.00. On a fall, the stock will find some support from the short-term average at JP¥3,688.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -0.403%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AICHI STEEL CORPORATION stock
AICHI STEEL CORPORATION finds support from accumulated volume at JP¥3,575.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥45.00 between high and low, or 1.23%. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5482.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect AICHI STEEL CORPORATION to open at JP¥3,696.67, and during the day (based on 14 day Average True Range), to move between JP¥3,598.86 and JP¥3,811.14, which gives a possible trading interval of +/-JP¥106.14 (+/-2.86%) up or down from last closing price. If AICHI STEEL CORPORATION takes out the full calculated possible swing range there will be an estimated 5.73% 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¥3,725.00 (0.54%) than the support at JP¥3,575.00 (3.51%), 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 AICHI STEEL CORPORATION stock A Buy?
AICHI STEEL CORPORATION holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.169 Sell Candidate Unchanged
Predicted Opening Price for AICHI STEEL CORPORATION of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥3,696.67 ( 0.225%) | JP¥3,705.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5482.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,741.67 | 0.99 % | |
| R2 | 3,724.48 | 0.526 % | ||
| R1 | 3,713.86 | 0.239 % | ||
| Current price: | 3,705.00 | |||
| Support | S1 | 3,679.48 | -0.689 % | |
| S2 | 3,668.86 | -0.98 % | ||
| S3 | 3,651.67 | -1.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,915.00 | 5.67 % | |
| R2 | 3,885.00 | 4.86 % | ||
| R1 | 3,725.00 | 0.540 % | ||
| Current price | 3,705.00 | |||
| Support | S1 | 3,575.00 | -3.51% | |
| S2 | 3,530.00 | -4.72% | ||
| S3 | 3,480.00 | -6.07% |
5482 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¥20.00 | 0.88% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0.474% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.413% |
FAQ
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