AIRTECH JAPAN,LTD. Stock Forecast
AIRTECH JAPAN,LTD. stock price down 0.0843% on Friday
(Updated on May 17, 2024)
The AIRTECH JAPAN,LTD. stock price fell by -0.0843% on the last day (Friday, 17th May 2024) from JP¥1,186.00 to JP¥1,185.00. During the last trading day the stock fluctuated 1.53% from a day low at JP¥1,173.00 to a day high of JP¥1,191.00. The price has risen in 6 of the last 10 days but is still down by -0.17% for this period. 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 -62 thousand shares and in total, 20 thousand shares were bought and sold for approximately JP¥23.34 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.61% during the next 3 months and, with a 90% probability hold a price between JP¥1,214.66 and JP¥1,275.88 at the end of this 3-month period.
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6291.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 AIRTECH JAPAN,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¥1,201.14 and JP¥1,191.57. 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 -2.31%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -3.25% to JP¥1,146.55 within 22 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for AIRTECH JAPAN,LTD. stock
AIRTECH JAPAN,LTD. finds support from accumulated volume at JP¥1,169.00 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¥18.00 between high and low, or 1.53%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6291.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect AIRTECH JAPAN,LTD. to open at JP¥1,183.00, and during the day (based on 14 day Average True Range), to move between JP¥1,169.55 and JP¥1,200.45, which gives a possible trading interval of +/-JP¥15.45 (+/-1.30%) up or down from last closing price. If AIRTECH JAPAN,LTD. takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥1,186.00 (0.08%) than the support at JP¥1,169.00 (1.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is AIRTECH JAPAN,LTD. stock A Buy?
The AIRTECH JAPAN,LTD. stock holds several negative signals and despite the positive trend, we believe AIRTECH JAPAN,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.602 Sell Candidate Unchanged
Predicted Opening Price for AIRTECH JAPAN,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥1,183.00 ( 0.169%) | JP¥1,185.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6291.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,201.00 | 1.35 % | |
| R2 | 1,194.12 | 0.770 % | ||
| R1 | 1,189.88 | 0.411 % | ||
| Current price: | 1,185.00 | |||
| Support | S1 | 1,176.12 | -0.749 % | |
| S2 | 1,171.88 | -1.11 % | ||
| S3 | 1,165.00 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,213.00 | 2.36 % | |
| R2 | 1,190.00 | 0.422 % | ||
| R1 | 1,186.00 | 0.0844 % | ||
| Current price | 1,185.00 | |||
| Support | S1 | 1,169.00 | -1.35% | |
| S2 | 1,162.00 | -1.94% | ||
| S3 | 1,149.00 | -3.04% |
6291 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥20.00 | 1.82% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥50.00 | 4.22% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥8.00 | 0.476% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥22.00 | 2.98% |
FAQ
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