ASTI CORPORATION Stock Forecast
ASTI CORPORATION stock downgraded to Sell Candidate
(Updated on May 08, 2024)
The ASTI CORPORATION stock price fell by -0.309% on the last day (Wednesday, 8th May 2024) from JP¥3,240.00 to JP¥3,230.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.71% from a day low at JP¥3,225.00 to a day high of JP¥3,280.00. The price has fallen in 6 of the last 10 days but is still up by 1.25% over the past 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 thousand shares were bought and sold for approximately JP¥30.04 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.10% during the next 3 months and, with a 90% probability hold a price between JP¥2,883.16 and JP¥3,139.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6899.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.25%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ASTI 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¥3,256.43 and JP¥3,328.14. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ASTI CORPORATION stock
ASTI CORPORATION finds support from accumulated volume at JP¥3,200.00 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¥55.00 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6899.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect ASTI CORPORATION to open at JP¥3,245.00, and during the day (based on 14 day Average True Range), to move between JP¥3,147.61 and JP¥3,312.39, which gives a possible trading interval of +/-JP¥82.39 (+/-2.55%) up or down from last closing price. If ASTI CORPORATION takes out the full calculated possible swing range there will be an estimated 5.10% 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¥3,245.00 (0.46%) than the support at JP¥3,200.00 (0.93%), 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.
Earnings coming up
ASTI CORPORATION will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for ASTI CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.96% in the first trading day after earnings release.
Is ASTI CORPORATION stock A Buy?
ASTI CORPORATION holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.518 Sell Candidate Downgraded
Predicted Opening Price for ASTI CORPORATION of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥3,245.00 ( 0.464%) | JP¥3,230.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6899.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,300.00 | 2.17 % | |
| R2 | 3,278.99 | 1.52 % | ||
| R1 | 3,266.01 | 1.11 % | ||
| Current price: | 3,230.00 | |||
| Support | S1 | 3,223.99 | -0.186 % | |
| S2 | 3,211.01 | -0.588 % | ||
| S3 | 3,190.00 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,485.00 | 7.89 % | |
| R2 | 3,305.00 | 2.32 % | ||
| R1 | 3,245.00 | 0.464 % | ||
| Current price | 3,230.00 | |||
| Support | S1 | 3,200.00 | -0.93% | |
| S2 | 3,190.00 | -1.24% | ||
| S3 | 3,160.00 | -2.17% |
6899 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥90.00 | 2.79% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥90.00 | 3.21% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥40.00 | 2.20% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥70.00 | 3.26% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥50.00 | 4.42% |
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