ALPS ALPINE CO.,LTD. Stock Forecast
Green day on Thursday for ALPS ALPINE CO.,LTD.
(Updated on May 02, 2024)
The ALPS ALPINE CO.,LTD. stock price gained 0.764% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,440.00 to JP¥1,451.00. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.20% from a day low at JP¥1,433.00 to a day high of JP¥1,464.50. The price has risen in 9 of the last 10 days and is up by 16.97% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 237 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately JP¥4.03 billion.
The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥1,404.50, a level that may pose a second chance to hit a runner. According to fan-theory JP¥1,508.00 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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6770.T Signals & Forecast
The ALPS ALPINE CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,382.36 and JP¥1,237.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 07, 2024, and so far it has risen 34.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for ALPS ALPINE CO.,LTD. stock
ALPS ALPINE CO.,LTD. finds support from accumulated volume at JP¥1,428.00 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¥31.50 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 2.88%.
The ALPS ALPINE CO.,LTD. stock is extremely overbought on RSI14 (88). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the ALPS ALPINE CO.,LTD. has been rising for 8 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: JP¥1,403.99 (-3.24%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (6770.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ALPS ALPINE CO.,LTD. to open at JP¥1,449.50, and during the day (based on 14 day Average True Range), to move between JP¥1,421.03 and JP¥1,480.97, which gives a possible trading interval of +/-JP¥29.97 (+/-2.07%) up or down from last closing price. If ALPS ALPINE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,428.00, some JP¥23.00 (1.59%) from the current price of JP¥1,451.00, our system finds the risk reward attractive.
Earnings coming up
ALPS ALPINE CO.,LTD. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$68.51. We will update the financials statements for ALPS ALPINE CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.46% in the first trading day after earnings release.
Is ALPS ALPINE CO.,LTD. stock A Buy?
ALPS ALPINE CO.,LTD. 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ALPS ALPINE CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,449.50 ( 0.103%) | JP¥1,451.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6770.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,481.00 | 2.07 % | |
| R2 | 1,468.97 | 1.24 % | ||
| R1 | 1,461.53 | 0.726 % | ||
| Current price: | 1,451.00 | |||
| Support | S1 | 1,437.47 | -0.93 % | |
| S2 | 1,430.03 | -1.45 % | ||
| S3 | 1,418.00 | -2.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,451.00 | |||
| Support | S1 | 1,428.00 | -1.59% | |
| S2 | 1,293.50 | -10.85% | ||
| S3 | 1,100.00 | -24.19% |
6770 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.59% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 1.85% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.82% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥10.00 | 0.82% |
FAQ
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