ADVANTEST CORPORATION Stock Forecast
Green day on Tuesday for ADVANTEST CORPORATION stock after gaining 0.93%
(Updated on Jul 02, 2024)
The ADVANTEST CORPORATION stock price gained 0.93% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥6,420.00 to JP¥6,480.00. During the last trading day the stock fluctuated 2.64% from a day low at JP¥6,333.00 to a day high of JP¥6,500.00. The price has risen in 8 of the last 10 days and is up by 19.87% over the past 2 weeks. Volume fell on the last day by -519 thousand shares and in total, 9 million shares were bought and sold for approximately JP¥55.86 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.
Given the current horizontal trend, you can expect ADVANTEST CORPORATION stock with a 90% probability to be traded between JP¥5,159.85 and JP¥6,591.02 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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6857.T Signals & Forecast
Mostly positive signals in the chart today. The ADVANTEST CORPORATION 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¥6,199.86 and JP¥5,642.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 29.70%. 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 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.
Support, Risk & Stop-loss for ADVANTEST CORPORATION stock
ADVANTEST CORPORATION finds support from accumulated volume at JP¥6,222.00 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¥167.00 between high and low, or 2.64%. For the last week, the stock has had daily average volatility of 2.72%.
The ADVANTEST CORPORATION stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥6,295.97 (-2.84%) (This stock has high daily movements and this gives high risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 82 days ago.)
Trading Expectations (6857.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect ADVANTEST CORPORATION to open at JP¥6,437.67, and during the day (based on 14 day Average True Range), to move between JP¥6,284.36 and JP¥6,675.64, which gives a possible trading interval of +/-JP¥195.64 (+/-3.02%) up or down from last closing price. If ADVANTEST CORPORATION takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥6,222.00, some JP¥258.00 (3.98%) from the current price of JP¥6,480.00, our system finds the risk reward attractive.
Is ADVANTEST CORPORATION stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ADVANTEST CORPORATION stock to perform well in the short-term period.
Current score: 3.459 Buy Candidate Unchanged
Predicted Opening Price for ADVANTEST CORPORATION of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥6,437.67 ( 0.653%) | JP¥6,480.00 |
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 | |
|---|---|---|
| R3 | 6,604.67 | 1.92% |
| R2 | 6,540.87 | 0.94% |
| R1 | 6,501.46 | 0.331% |
| Price | 6,480.00 | |
| S1 | 6,373.87 | -1.64% |
| S2 | 6,334.46 | -2.25% |
| S3 | 6,270.67 | -3.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 6,480.00 | |
| S1 | 6,222.00 | -3.98% |
| S2 | 5,142.00 | -20.65% |
| S3 | 4,996.00 | -22.90% |
6857 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥17.50 | 0.329% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥16.25 | 0.352% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥70.00 | 2.36% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥65.00 | 3.76% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥70.00 | 2.87% |
FAQ
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