ATOM CORPORATION Stock Forecast
A very red day for ATOM CORPORATION stock price after a -17.22% fall in the Friday trading session
(Updated on May 10, 2024)
The ATOM CORPORATION stock price fell by -17.22% on the last day (Friday, 10th May 2024) from JP¥871.00 to JP¥721.00. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 0.83% from a day low at JP¥721.00 to a day high of JP¥727.00. The price has fallen in 7 of the last 10 days and is down by -19.62% for this period. Volume has increased on the last day by 2 million 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, 2 million shares were bought and sold for approximately JP¥1.45 billion.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (JP¥844.84) are considered to be a "second chance" to get out. According to the fan-theory JP¥779.64 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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7412.T Signals & Forecast
There are few to no technical positive signals at the moment. The ATOM 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¥867.00 and JP¥892.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -20.16%. 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). 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 ATOM CORPORATION stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥6.00 between high and low, or 0.83%. For the last week the stock has had daily average volatility of 1.07%.
ATOM CORPORATION is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7412.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect ATOM CORPORATION to open at JP¥723.00, and during the day (based on 14 day Average True Range), to move between JP¥702.13 and JP¥739.87, which gives a possible trading interval of +/-JP¥18.87 (+/-2.62%) up or down from last closing price. If ATOM CORPORATION takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥879.00, some JP¥158.00 (21.91%) from the current price of JP¥721.00, our system finds the risk reward not very attractive.
Is ATOM CORPORATION stock A Buy?
ATOM 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.
Current score: -3.924 Sell Candidate Unchanged
Predicted Opening Price for ATOM CORPORATION of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥723.00 ( 0.277%) | JP¥721.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7412.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 729.00 | 1.11 % | |
| R2 | 726.71 | 0.792 % | ||
| R1 | 725.29 | 0.595 % | ||
| Current price: | 721.00 | |||
| Support | S1 | 720.71 | -0.0405 % | |
| S2 | 719.29 | -0.237 % | ||
| S3 | 717.00 | -0.555 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 893.00 | 23.86 % | |
| R2 | 892.00 | 23.72 % | ||
| R1 | 879.00 | 21.91 % | ||
| Current price | 721.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
7412 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥2.00 | 0.260% |
| 2 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥2.00 | 0.233% |
| 3 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥2.00 | 0.202% |
| 4 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥2.00 | 0.211% |
| 5 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥2.00 | 0.277% |
FAQ
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