ADVANTEST CORPORATION Stock Forecast
ADVANTEST CORPORATION stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The ADVANTEST CORPORATION stock price gained 2.92% on the last trading day (Wednesday, 1st May 2024), rising from JP¥4,996.00 to JP¥5,142.00. During the last trading day the stock fluctuated 4.16% from a day low at JP¥4,975.00 to a day high of JP¥5,182.00. The price has fallen in 6 of the last 10 days and is down by -10.03% for this period. Volume fell on the last day by -13 million shares and in total, 19 million shares were bought and sold for approximately JP¥97.68 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥4,971.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.38% during the next 3 months and, with a 90% probability hold a price between JP¥4,057.90 and JP¥5,225.97 at the end of this 3-month period.
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6857.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.92%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ADVANTEST CORPORATION 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¥5,259.71 and JP¥6,097.31. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ADVANTEST CORPORATION stock
ADVANTEST CORPORATION finds support from accumulated volume at JP¥4,996.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥207.00 between high and low, or 4.16%. For the last week, the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6857.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect ADVANTEST CORPORATION to open at JP¥5,099.67, and during the day (based on 14 day Average True Range), to move between JP¥4,893.38 and JP¥5,390.62, which gives a possible trading interval of +/-JP¥248.62 (+/-4.84%) up or down from last closing price. If ADVANTEST CORPORATION takes out the full calculated possible swing range there will be an estimated 9.67% 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¥4,996.00 (2.84%) than the resistance at JP¥5,484.00 (6.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ADVANTEST CORPORATION stock A Buy?
ADVANTEST CORPORATION holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.439 Sell Candidate Upgraded
Predicted Opening Price for ADVANTEST CORPORATION of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥5,099.67 ( 0.82%) | JP¥5,142.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6857.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,306.67 | 3.20 % | |
| R2 | 5,227.59 | 1.66 % | ||
| R1 | 5,178.74 | 0.715 % | ||
| Current price: | 5,142.00 | |||
| Support | S1 | 5,020.59 | -2.36 % | |
| S2 | 4,971.74 | -3.31 % | ||
| S3 | 4,892.67 | -4.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,137.00 | 19.35 % | |
| R2 | 5,735.00 | 11.53 % | ||
| R1 | 5,484.00 | 6.65 % | ||
| Current price | 5,142.00 | |||
| Support | S1 | 4,996.00 | -2.84% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
6857 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥17.50 | 0.340% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥70.00 | 2.36% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥65.00 | 3.76% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥70.00 | 2.87% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥50.00 | 1.96% |
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