ALBIS Co.,Ltd. Stock Forecast
Evaluation of ALBIS Co.,Ltd. stock downgraded after the last trading session.
(Updated on May 02, 2024)
The ALBIS Co.,Ltd. stock price fell by -1.57% on the last day (Thursday, 2nd May 2024) from JP¥2,672.00 to JP¥2,630.00. During the last trading day the stock fluctuated 2.43% from a day low at JP¥2,630.00 to a day high of JP¥2,694.00. The price has risen in 5 of the last 10 days and is up by 0.42% over the past 2 weeks. Volume has increased on the last day by 3 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¥22.62 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥2,603.09 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ALBIS Co.,Ltd. stock with a 90% probability to be traded between JP¥2,637.87 and JP¥2,883.93 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
7475.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.23%. 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 ALBIS Co.,Ltd. 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¥2,659.00 and JP¥2,691.29. 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. The stock had a Golden Star Signal on Friday, August 25, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, August 25, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for ALBIS Co.,Ltd. stock
ALBIS Co.,Ltd. finds support from accumulated volume at JP¥2,622.00 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¥64.00 between high and low, or 2.43%. For the last week the stock has had daily average volatility of 3.57%.
Our recommended stop-loss: JP¥2,501.54 (-4.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (7475.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ALBIS Co.,Ltd. to open at JP¥2,651.33, and during the day (based on 14 day Average True Range), to move between JP¥2,571.43 and JP¥2,688.57, which gives a possible trading interval of +/-JP¥58.57 (+/-2.23%) up or down from last closing price. If ALBIS Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥2,622.00 (0.30%) than the resistance at JP¥2,725.00 (3.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ALBIS Co.,Ltd. stock A Buy?
ALBIS Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.479 Hold/Accumulate Downgraded
Predicted Opening Price for ALBIS Co.,Ltd. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
JP¥2,651.33 ( 0.81%) | JP¥2,630.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7475.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,715.33 | 3.24 % | |
R2 | 2,690.89 | 2.32 % | ||
R1 | 2,675.78 | 1.74 % | ||
Current price: | 2,630.00 | |||
Support | S1 | 2,626.89 | -0.118 % | |
S2 | 2,611.78 | -0.693 % | ||
S3 | 2,587.33 | -1.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,830.00 | 7.60 % | |
R2 | 2,787.00 | 5.97 % | ||
R1 | 2,725.00 | 3.61 % | ||
Current price | 2,630.00 | |||
Support | S1 | 2,622.00 | -0.304% | |
S2 | 2,598.00 | -1.22% | ||
S3 | 2,580.00 | -1.90% |
7475 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥35.00 | 1.44% |
4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 1.42% |
5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥35.00 | 1.46% |
FAQ
Click here for our free guide on how to buy ALBIS Co.,Ltd. Stock.