AMADA HOLDINGS CO.,LTD. Stock Forecast
Weaker technical forecast for AMADA HOLDINGS CO.,LTD. as stock downgraded to Sell Candidate.
(Updated on Jun 17, 2024)
The AMADA HOLDINGS CO.,LTD. stock price fell by -1.64% on the last day (Monday, 17th Jun 2024) from JP¥1,733.00 to JP¥1,704.50. During the last trading day the stock fluctuated 1.60% from a day low at JP¥1,689.00 to a day high of JP¥1,716.00. The price has been going up and down for this period, and there has been a -5.36% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -573 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥1.99 billion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,684.02 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 2.28% during the next 3 months and, with a 90% probability hold a price between JP¥1,722.37 and JP¥1,927.24 at the end of this 3-month period.
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6113.T Signals & Forecast
There are few to no technical positive signals at the moment. The AMADA HOLDINGS CO.,LTD. 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¥1,732.36 and JP¥1,758.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -8.78%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, November 29, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, November 29, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for AMADA HOLDINGS CO.,LTD. stock
AMADA HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥1,695.50 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¥27.00 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6113.T) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect AMADA HOLDINGS CO.,LTD. to open at JP¥1,703.17, and during the day (based on 14 day Average True Range), to move between JP¥1,661.79 and JP¥1,747.21, which gives a possible trading interval of +/-JP¥42.71 (+/-2.51%) up or down from last closing price. If AMADA HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.01% 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¥1,695.50 (0.53%) than the resistance at JP¥1,733.00 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AMADA HOLDINGS CO.,LTD. stock A Buy?
The AMADA HOLDINGS CO.,LTD. stock holds several negative signals and despite the positive trend, we believe AMADA HOLDINGS CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.304 Sell Candidate Downgraded
Predicted Opening Price for AMADA HOLDINGS CO.,LTD. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| JP¥1,703.17 ( 0.0782%) | JP¥1,704.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6113.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,730.17 | 1.51% |
| R2 | 1,719.85 | 0.90% |
| R1 | 1,713.48 | 0.527% |
| Price | 1,704.50 | |
| S1 | 1,692.85 | -0.683% |
| S2 | 1,686.48 | -1.06% |
| S3 | 1,676.17 | -1.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,868.50 | 9.62% |
| R2 | 1,771.00 | 3.90% |
| R1 | 1,733.00 | 1.67% |
| Price | 1,704.50 | |
| S1 | 1,695.50 | -0.528% |
| S2 | 1,688.00 | -0.97% |
| S3 | 1,678.00 | -1.55% |
6113 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 | Jun 28, 2024 | JP¥32.00 | 1.88% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 05, 2023 | JP¥25.00 | 1.67% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥26.00 | 2.13% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥22.00 | 2.19% |
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