ASICS Corporation Stock Forecast
ASICS Corporation stock price ended at JP¥2,424.50 on Tuesday, after gaining 2.15%.
(Updated on Jul 02, 2024)
The ASICS Corporation stock price gained 2.15% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥2,373.50 to JP¥2,424.50. During the last trading day the stock fluctuated 2.80% from a day low at JP¥2,378.50 to a day high of JP¥2,445.00. The price has been going up and down for this period, and there has been a -73.6% loss for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 4 million shares were bought and sold for approximately JP¥10.75 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very 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¥2,389.96 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 11.17% during the next 3 months and, with a 90% probability hold a price between JP¥2,656.83 and JP¥11,112.01 at the end of this 3-month period.
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7936.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 2.15%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ASICS 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¥5,586.36 and JP¥8,216.36. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ASICS Corporation stock
ASICS Corporation finds support from accumulated volume at JP¥2,373.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥66.50 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 3.87%.
ASICS Corporation is oversold on RSI14 (12). 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 (7936.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect ASICS Corporation to open at JP¥2,416.00, and during the day (based on 14 day Average True Range), to move between JP¥1,749.68 and JP¥3,099.32, which gives a possible trading interval of +/-JP¥674.82 (+/-27.83%) up or down from last closing price. If ASICS Corporation takes out the full calculated possible swing range there will be an estimated 55.67% 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¥2,461.00 (1.51%) than the support at JP¥2,373.50 (2.10%), 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.
Is ASICS Corporation stock A Buy?
The ASICS Corporation stock holds several negative signals and despite the positive trend, we believe ASICS Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.284 Sell Candidate Unchanged
Predicted Opening Price for ASICS Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥2,416.00 ( 0.351%) | JP¥2,424.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7936.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,482.50 | 2.39% |
| R2 | 2,457.10 | 1.34% |
| R1 | 2,441.40 | 0.697% |
| Price | 2,424.50 | |
| S1 | 2,390.60 | -1.40% |
| S2 | 2,374.90 | -2.05% |
| S3 | 2,349.50 | -3.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 2,462.50 | 1.57% |
| R1 | 2,461.00 | 1.51% |
| Price | 2,424.50 | |
| S1 | 2,373.50 | -2.10% |
| S2 | 0 | - |
| S3 | 0 | - |
7936 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥40.00 | 1.65% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Mar 25, 2024 | JP¥40.00 | 2.26% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥22.00 | 1.99% |
| 5 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥24.00 | 3.26% |
FAQ
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