AHRESTY CORPORATION Stock Forecast
Green day on Tuesday for AHRESTY CORPORATION stock after gaining 0.473%
(Updated on May 07, 2024)
The AHRESTY CORPORATION stock price gained 0.473% on the last trading day (Tuesday, 7th May 2024), rising from JP¥634.00 to JP¥637.00. During the last trading day the stock fluctuated 2.24% from a day low at JP¥626.00 to a day high of JP¥640.00. The price has fallen in 6 of the last 10 days and is down by -19.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 thousand more shares were traded than the day before. In total, 246 thousand shares were bought and sold for approximately JP¥156.51 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥604.67 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.46% during the next 3 months and, with a 90% probability hold a price between JP¥553.50 and JP¥752.44 at the end of this 3-month period.
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5852.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 4.43%. Further rise is indicated until a new top pivot has been found. 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 AHRESTY 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¥774.17. On a fall, the stock will find some support from the short-term average at JP¥631.57. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AHRESTY CORPORATION stock
AHRESTY CORPORATION finds support from accumulated volume at JP¥636.00 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¥14.00 between high and low, or 2.24%. For the last week, the stock has had daily average volatility of 2.96%.
AHRESTY CORPORATION is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5852.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect AHRESTY CORPORATION to open at JP¥634.33, and during the day (based on 14 day Average True Range), to move between JP¥609.09 and JP¥664.91, which gives a possible trading interval of +/-JP¥27.91 (+/-4.38%) up or down from last closing price. If AHRESTY CORPORATION takes out the full calculated possible swing range there will be an estimated 8.76% 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¥636.00 (0.16%) than the resistance at JP¥647.00 (1.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AHRESTY CORPORATION stock A Buy?
AHRESTY 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: -4.219 Sell Candidate Unchanged
Predicted Opening Price for AHRESTY CORPORATION of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
JP¥634.33 ( 0.419%) | JP¥637.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5852.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 648.33 | 1.78 % | |
R2 | 642.99 | 0.94 % | ||
R1 | 639.68 | 0.421 % | ||
Current price: | 637.00 | |||
Support | S1 | 628.99 | -1.26 % | |
S2 | 625.68 | -1.78 % | ||
S3 | 620.33 | -2.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 796.00 | 24.96 % | |
R2 | 767.00 | 20.41 % | ||
R1 | 647.00 | 1.57 % | ||
Current price | 637.00 | |||
Support | S1 | 636.00 | -0.157% | |
S2 | 631.00 | -0.94% | ||
S3 | 610.00 | -4.24% |
5852 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 0.98% |
3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 1.34% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 1.30% |
5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥5.00 | 1.05% |
FAQ
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