Advanex Inc. Stock Forecast
Advanex Inc. stock price down 0.522% on Wednesday
(Updated on Apr 17, 2024)
The Advanex Inc. stock price fell by -0.522% on the last day (Wednesday, 17th Apr 2024) from JP¥1,341.00 to JP¥1,334.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.45% from a day low at JP¥1,334.00 to a day high of JP¥1,380.00. The price has fallen in 7 of the last 10 days and is down by -3.26% for this period. Volume has increased on the last day by 600 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, 9 thousand shares were bought and sold for approximately JP¥12.14 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,275.28 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 50.17% during the next 3 months and, with a 90% probability hold a price between JP¥1,915.11 and JP¥2,450.83 at the end of this 3-month period.
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5998.T Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -10.41%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Advanex Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,389.71. On a fall, the stock will find some support from the long-term average at approximately JP¥1,297.83. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Advanex Inc. stock
Advanex Inc. finds support from accumulated volume at JP¥1,330.00 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¥46.00 between high and low, or 3.45%. For the last week, the stock has had daily average volatility of 5.80%.
Our recommended stop-loss: JP¥1,281.27 (-3.95%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (5998.T) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Advanex Inc. to open at JP¥1,349.33, and during the day (based on 14 day Average True Range), to move between JP¥1,244.44 and JP¥1,423.56, which gives a possible trading interval of +/-JP¥89.56 (+/-6.71%) up or down from last closing price. If Advanex Inc. takes out the full calculated possible swing range there will be an estimated 13.43% 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¥1,330.00 (0.30%) than the resistance at JP¥1,346.00 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advanex Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 3.510 Buy Candidate Unchanged
Predicted Opening Price for Advanex Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| JP¥1,349.33 ( 1.15%) | JP¥1,334.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5998.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,395.33 | 4.60 % | |
| R2 | 1,377.76 | 3.28 % | ||
| R1 | 1,366.91 | 2.47 % | ||
| Current price: | 1,334.00 | |||
| Support | S1 | 1,331.76 | -0.168 % | |
| S2 | 1,320.91 | -0.98 % | ||
| S3 | 1,303.33 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,404.00 | 5.25 % | |
| R2 | 1,347.00 | 0.97 % | ||
| R1 | 1,346.00 | 0.90 % | ||
| Current price | 1,334.00 | |||
| Support | S1 | 1,330.00 | -0.300% | |
| S2 | 1,295.00 | -2.92% | ||
| S3 | 1,080.00 | -19.04% |
5998 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥12.00 | 1.02% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.616% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥10.00 | 0.629% |
| 4 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | JP¥10.00 | 0.734% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥10.00 | 0.726% |
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