AKEBONO BRAKE INDUSTRY CO.,LTD. Stock Forecast
Evaluation of AKEBONO BRAKE INDUSTRY CO.,LTD. stock downgraded after the last trading session.
(Updated on May 10, 2024)
No changes to the price of AKEBONO BRAKE INDUSTRY CO.,LTD. stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 1.90% from a day low at JP¥158.00 to a day high of JP¥161.00. The price has risen in 5 of the last 10 days and is up by 15.22% over the past 2 weeks.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 30.76% during the next 3 months and, with a 90% probability hold a price between JP¥187.90 and JP¥225.57 at the end of this 3-month period.
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7238.T Signals & Forecast
The AKEBONO BRAKE INDUSTRY CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥161.14. On a fall, the stock will find some support from the long-term average at approximately JP¥144.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -5.92%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for AKEBONO BRAKE INDUSTRY CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥144.00 and JP¥138.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AKEBONO BRAKE INDUSTRY CO.,LTD. finds support just below today's level at JP¥144.00. If this is broken, then the next support from accumulated volume will be at JP¥138.00 and JP¥136.00.
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¥3.00 between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 4.30%.
Our recommended stop-loss: JP¥150.55 (-5.32%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (7238.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect AKEBONO BRAKE INDUSTRY CO.,LTD. to open at JP¥159.33, and during the day (based on 14 day Average True Range), to move between JP¥152.64 and JP¥165.36, which gives a possible trading interval of +/-JP¥6.36 (+/-4.00%) up or down from last closing price. If AKEBONO BRAKE INDUSTRY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 8.00% 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¥162.00 (1.89%) than the support at JP¥144.00 (9.43%), 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
AKEBONO BRAKE INDUSTRY CO.,LTD. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for AKEBONO BRAKE INDUSTRY CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.22% in the first trading day after earnings release.
Is AKEBONO BRAKE INDUSTRY CO.,LTD. stock A Buy?
AKEBONO BRAKE INDUSTRY 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. 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: 0.703 Hold/Accumulate Downgraded
Predicted Opening Price for AKEBONO BRAKE INDUSTRY CO.,LTD. of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
JP¥159.33 ( 0.210%) | JP¥159.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7238.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 162.33 | 2.10 % | |
R2 | 161.19 | 1.38 % | ||
R1 | 160.48 | 0.93 % | ||
Current price: | 159.00 | |||
Support | S1 | 158.19 | -0.511 % | |
S2 | 157.48 | -0.96 % | ||
S3 | 156.33 | -1.68 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 169.00 | 6.29 % | |
R2 | 165.00 | 3.77 % | ||
R1 | 162.00 | 1.89 % | ||
Current price | 159.00 | |||
Support | S1 | 144.00 | -9.43% | |
S2 | 138.00 | -13.21% | ||
S3 | 136.00 | -14.47% |
7238 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 28, 2015 | Sep 28, 2015 | Sep 28, 2015 | JP¥5.00 | 1.30% |
2 | Mar 27, 2015 | Mar 27, 2015 | Mar 27, 2015 | JP¥5.00 | 1.15% |
3 | Sep 26, 2014 | Sep 26, 2014 | Sep 26, 2014 | JP¥5.00 | 1.07% |
4 | Mar 27, 2014 | Mar 27, 2014 | Mar 27, 2014 | JP¥5.00 | 1.10% |
5 | Sep 26, 2013 | Sep 26, 2013 | Sep 26, 2013 | JP¥5.00 | 1.06% |
FAQ
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