ASICS Corporation Stock Forecast
Green day on Friday for ASICS Corporation stock after gaining 2.74%
(Updated on Mar 29, 2024)
The ASICS Corporation stock price gained 2.74% on the last trading day (Friday, 29th Mar 2024), rising from JP¥7,106.00 to JP¥7,301.00. During the last trading day the stock fluctuated 3.21% from a day low at JP¥7,107.00 to a day high of JP¥7,335.00. The price has risen in 8 of the last 10 days and is up by 12.48% over the past 2 weeks. Volume fell on the last day by -184 thousand shares and in total, 921 thousand shares were bought and sold for approximately JP¥6.72 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 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 76.27% during the next 3 months and, with a 90% probability hold a price between JP¥11,784.69 and JP¥13,442.37 at the end of this 3-month period.
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7936.T Signals & Forecast
Mostly positive signals in the chart today. The ASICS Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥7,085.14 and JP¥6,289.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 18.89%. 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). 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.
Support, Risk & Stop-loss for ASICS Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥5,881.00 and JP¥5,732.00. 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, ASICS Corporation finds support just below today's level at JP¥5,881.00. If this is broken, then the next support from accumulated volume will be at JP¥5,732.00 and JP¥5,480.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥228.00 between high and low, or 3.21%. For the last week, the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: JP¥7,086.35 (-2.94%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (7936.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ASICS Corporation to open at JP¥7,247.67, and during the day (based on 14 day Average True Range), to move between JP¥7,080.66 and JP¥7,521.34, which gives a possible trading interval of +/-JP¥220.34 (+/-3.02%) up or down from last closing price. If ASICS Corporation takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥5,881.00, some JP¥1,420.00 (19.45%) from the current price of JP¥7,301.00, our system finds the risk reward attractive.
Is ASICS Corporation 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 ASICS Corporation stock to perform well in the short-term.
Current score: 4.296 Buy Candidate Unchanged
Predicted Opening Price for ASICS Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
JP¥7,247.67 ( 0.730%) | JP¥7,301.00 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 7,475.67 | 2.39 % | |
R2 | 7,388.57 | 1.20 % | ||
R1 | 7,334.76 | 0.462 % | ||
Current price: | 7,301.00 | |||
Support | S1 | 7,160.57 | -1.92 % | |
S2 | 7,106.76 | -2.66 % | ||
S3 | 7,019.67 | -3.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 7,301.00 | |||
Support | S1 | 5,881.00 | -19.45% | |
S2 | 5,732.00 | -21.49% | ||
S3 | 5,480.00 | -24.94% |
7936 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥22.00 | 0.497% |
4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥24.00 | 0.82% |
5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥16.00 | 0.648% |
FAQ
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