AISAN INDUSTRY CO.,LTD. Stock Forecast
AISAN INDUSTRY CO.,LTD. stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The AISAN INDUSTRY CO.,LTD. stock price gained 2.25% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥1,601.00 to JP¥1,637.00. During the last trading day the stock fluctuated 2.06% from a day low at JP¥1,604.00 to a day high of JP¥1,637.00. The price has been going up and down for this period, and there has been a 0.31% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 186 thousand shares were bought and sold for approximately JP¥303.83 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,605.81 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.32% during the next 3 months and, with a 90% probability hold a price between JP¥1,916.10 and JP¥2,162.39 at the end of this 3-month period.
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7283.T Signals & Forecast
The AISAN INDUSTRY CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,612.14 and JP¥1,617.80. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, March 27, 2024, and so far it has fallen -4.60%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AISAN INDUSTRY CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,458.00 and JP¥1,426.00. 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, AISAN INDUSTRY CO.,LTD. finds support just below today's level at JP¥1,458.00. If this is broken, then the next support from accumulated volume will be at JP¥1,426.00 and JP¥1,412.00.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥33.00 (2.06%) between high and low. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: JP¥1,574.14 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (7283.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect AISAN INDUSTRY CO.,LTD. to open at JP¥1,626.00, and during the day (based on 14 day Average True Range), to move between JP¥1,588.86 and JP¥1,685.14, which gives a possible trading interval of +/-JP¥48.14 (+/-2.94%) up or down from last closing price. If AISAN INDUSTRY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.88% 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¥1,638.00 (0.06%) than the support at JP¥1,458.00 (10.93%), 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
AISAN INDUSTRY CO.,LTD. will release earnings BMO on Thursday, April 25, 2024. We will update the financials statements for AISAN INDUSTRY CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.48% in the first trading day after earnings release.
Is AISAN INDUSTRY CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AISAN INDUSTRY CO.,LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.800 Buy Candidate Upgraded
Predicted Opening Price for AISAN INDUSTRY CO.,LTD. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥1,626.00 ( 0.672%) | JP¥1,637.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7283.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,659.00 | 1.34 % | |
| R2 | 1,646.39 | 0.574 % | ||
| R1 | 1,638.61 | 0.0981 % | ||
| Current price: | 1,637.00 | |||
| Support | S1 | 1,613.39 | -1.44 % | |
| S2 | 1,605.61 | -1.92 % | ||
| S3 | 1,593.00 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,713.00 | 4.64 % | |
| R2 | 1,667.00 | 1.83 % | ||
| R1 | 1,638.00 | 0.0611 % | ||
| Current price | 1,637.00 | |||
| Support | S1 | 1,458.00 | -10.93% | |
| S2 | 1,426.00 | -12.89% | ||
| S3 | 1,412.00 | -13.74% |
7283 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 | 2.27% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 2.14% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥14.00 | 1.90% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥13.00 | 1.52% |
FAQ
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