AIDA ENGINEERING,LTD. Stock Forecast
Red day on Thursday for AIDA ENGINEERING,LTD. stock after losing 1.13%
(Updated on May 02, 2024)
The AIDA ENGINEERING,LTD. stock price fell by -1.13% on the last day (Thursday, 2nd May 2024) from JP¥887.00 to JP¥877.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.71% from a day low at JP¥876.00 to a day high of JP¥891.00. The price has been going up and down for this period, and there has been a 0.57% gain for the last 2 weeks. Volume has increased on the last day by 29 thousand 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, 106 thousand shares were bought and sold for approximately JP¥93.05 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥871.17 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 7.01% during the next 3 months and, with a 90% probability hold a price between JP¥932.23 and JP¥1,022.76 at the end of this 3-month period.
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6118.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AIDA ENGINEERING,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥895.29 and JP¥891.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -5.19%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, March 14, 2024 in the short-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
The stock had a Golden Star Signal on Thursday, March 14, 2024 in the short-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 AIDA ENGINEERING,LTD. stock
AIDA ENGINEERING,LTD. finds support from accumulated volume at JP¥874.00 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¥15.00 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6118.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect AIDA ENGINEERING,LTD. to open at JP¥881.33, and during the day (based on 14 day Average True Range), to move between JP¥860.95 and JP¥893.05, which gives a possible trading interval of +/-JP¥16.05 (+/-1.83%) up or down from last closing price. If AIDA ENGINEERING,LTD. takes out the full calculated possible swing range there will be an estimated 3.66% 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¥874.00 (0.34%) than the resistance at JP¥885.00 (0.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AIDA ENGINEERING,LTD. stock A Buy?
The AIDA ENGINEERING,LTD. stock holds several negative signals and despite the positive trend, we believe AIDA ENGINEERING,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.691 Sell Candidate Unchanged
Predicted Opening Price for AIDA ENGINEERING,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥881.33 ( 0.494%) | JP¥877.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6118.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 896.33 | 2.20 % | |
| R2 | 890.60 | 1.55 % | ||
| R1 | 887.06 | 1.15 % | ||
| Current price: | 877.00 | |||
| Support | S1 | 875.60 | -0.159 % | |
| S2 | 872.06 | -0.563 % | ||
| S3 | 866.33 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 917.00 | 4.56 % | |
| R2 | 893.00 | 1.82 % | ||
| R1 | 885.00 | 0.91 % | ||
| Current price | 877.00 | |||
| Support | S1 | 874.00 | -0.342% | |
| S2 | 868.00 | -1.03% | ||
| S3 | 846.00 | -3.53% |
6118 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 3.74% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥25.00 | 2.40% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥20.00 | 2.02% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥30.00 | 4.42% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥30.00 | 3.71% |
FAQ
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