AICHI STEEL CORPORATION Stock Forecast
Green day on Friday for AICHI STEEL CORPORATION stock after gaining 1.26%
(Updated on Jun 14, 2024)
The AICHI STEEL CORPORATION stock price gained 1.26% on the last trading day (Friday, 14th Jun 2024), rising from JP¥3,560.00 to JP¥3,605.00. During the last trading day the stock fluctuated 1.54% from a day low at JP¥3,570.00 to a day high of JP¥3,625.00. The price has been going up and down for this period, and there has been a -3.35% loss for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 56 thousand shares were bought and sold for approximately JP¥201.88 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.90% during the next 3 months and, with a 90% probability hold a price between JP¥2,987.15 and JP¥3,424.40 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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5482.T Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 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¥3,631.43 and JP¥3,649.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -4.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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.
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¥55.00 between high and low, or 1.54%. For the last week the stock has had daily average volatility of 1.97%.
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 17th
For the upcoming trading day on Monday, 17th we expect AICHI STEEL CORPORATION to open at JP¥3,600.00, and during the day (based on 14 day Average True Range), to move between JP¥3,524.52 and JP¥3,685.48, which gives a possible trading interval of +/-JP¥80.48 (+/-2.23%) up or down from last closing price. If AICHI STEEL CORPORATION takes out the full calculated possible swing range there will be an estimated 4.46% 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¥3,575.00 (0.83%) than the resistance at JP¥3,660.00 (1.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AICHI STEEL CORPORATION stock A Buy?
AICHI STEEL CORPORATION holds several negative signals and is within a 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.
Current score: -2.165 Sell Candidate Unchanged
Predicted Opening Price for AICHI STEEL CORPORATION of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| JP¥3,600.00 ( 0.139%) | JP¥3,605.00 |
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 | |
|---|---|---|
| R3 | 3,655.00 | 1.39% |
| R2 | 3,633.99 | 0.80% |
| R1 | 3,621.01 | 0.444% |
| Price | 3,605.00 | |
| S1 | 3,578.99 | -0.721% |
| S2 | 3,566.01 | -1.08% |
| S3 | 3,545.00 | -1.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,915.00 | 8.60% |
| R2 | 3,690.00 | 2.36% |
| R1 | 3,660.00 | 1.53% |
| Price | 3,605.00 | |
| S1 | 3,575.00 | -0.83% |
| S2 | 3,480.00 | -3.47% |
| S3 | 3,400.00 | -5.69% |
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 | May 30, 2024 | JP¥40.00 | 1.09% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Nov 27, 2023 | JP¥40.00 | 1.16% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 0.88% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0.474% |
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