ANRITSU CORPORATION Stock Forecast
Evaluation of ANRITSU CORPORATION stock downgraded after the last trading session.
(Updated on May 08, 2024)
No changes to the price of ANRITSU CORPORATION stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 1.76% from a day low at JP¥1,193.00 to a day high of JP¥1,214.00. The price has risen in 5 of the last 10 days and is up by 2.46% over the past 2 weeks.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥1,178.37 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ANRITSU CORPORATION stock with a 90% probability to be traded between JP¥1,172.72 and JP¥1,324.49 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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6754.T Signals & Forecast
There are mixed signals in the stock today. The ANRITSU 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¥1,228.59. On a fall, the stock will find some support from the short-term average at JP¥1,202.14. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.46%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for ANRITSU CORPORATION stock
ANRITSU CORPORATION finds support from accumulated volume at JP¥1,207.50 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¥21.00 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: JP¥1,140.00 (-5.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (6754.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect ANRITSU CORPORATION to open at JP¥1,205.17, and during the day (based on 14 day Average True Range), to move between JP¥1,180.63 and JP¥1,236.37, which gives a possible trading interval of +/-JP¥27.87 (+/-2.31%) up or down from last closing price. If ANRITSU CORPORATION takes out the full calculated possible swing range there will be an estimated 4.61% 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¥1,207.50 (0.08%) than the resistance at JP¥1,287.00 (6.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ANRITSU CORPORATION stock A Buy?
ANRITSU CORPORATION holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: -0.446 Hold/Accumulate Downgraded
Predicted Opening Price for ANRITSU CORPORATION of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
JP¥1,205.17 ( 0.276%) | JP¥1,208.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6754.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,226.17 | 1.46 % | |
R2 | 1,218.14 | 0.798 % | ||
R1 | 1,213.19 | 0.388 % | ||
Current price: | 1,208.50 | |||
Support | S1 | 1,197.14 | -0.94 % | |
S2 | 1,192.19 | -1.35 % | ||
S3 | 1,184.17 | -2.01 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,328.00 | 9.89 % | |
R2 | 1,290.50 | 6.79 % | ||
R1 | 1,287.00 | 6.50 % | ||
Current price | 1,208.50 | |||
Support | S1 | 1,207.50 | -0.0827% | |
S2 | 1,185.00 | -1.94% | ||
S3 | 1,156.00 | -4.34% |
6754 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 | Mar 28, 2024 | JP¥0 | 0% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.64% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 1.26% |
5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 1.28% |
FAQ
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