AOYAMA TRADING Co.,Ltd. Stock Forecast
AOYAMA TRADING Co.,Ltd. stock downgraded to Sell Candidate
(Updated on May 01, 2024)
The AOYAMA TRADING Co.,Ltd. stock price fell by -2.46% on the last day (Wednesday, 1st May 2024) from JP¥1,628.00 to JP¥1,588.00. During the last trading day the stock fluctuated 2.59% from a day low at JP¥1,586.00 to a day high of JP¥1,627.00. The price has risen in 6 of the last 10 days but is still down by -1.37% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 221 thousand shares were bought and sold for approximately JP¥350.47 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,526.79 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.34% during the next 3 months and, with a 90% probability hold a price between JP¥1,429.96 and JP¥1,742.26 at the end of this 3-month period.
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8219.T Signals & Forecast
There are mixed signals in the stock today. The AOYAMA TRADING 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¥1,616.71 and JP¥1,678.63. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.72%. 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).
Support, Risk & Stop-loss for AOYAMA TRADING Co.,Ltd. stock
AOYAMA TRADING Co.,Ltd. finds support from accumulated volume at JP¥1,578.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥41.00 (2.59%) between high and low. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8219.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect AOYAMA TRADING Co.,Ltd. to open at JP¥1,600.33, and during the day (based on 14 day Average True Range), to move between JP¥1,540.54 and JP¥1,635.46, which gives a possible trading interval of +/-JP¥47.46 (+/-2.99%) up or down from last closing price. If AOYAMA TRADING Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.98% 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¥1,578.00 (0.63%) than the resistance at JP¥1,628.00 (2.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AOYAMA TRADING Co.,Ltd. stock A Buy?
AOYAMA TRADING Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.029 Sell Candidate Downgraded
Predicted Opening Price for AOYAMA TRADING Co.,Ltd. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥1,600.33 ( 0.777%) | JP¥1,588.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8219.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,641.33 | 3.36 % | |
| R2 | 1,625.67 | 2.37 % | ||
| R1 | 1,616.00 | 1.76 % | ||
| Current price: | 1,588.00 | |||
| Support | S1 | 1,584.67 | -0.210 % | |
| S2 | 1,575.00 | -0.82 % | ||
| S3 | 1,559.33 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,920.00 | 20.91 % | |
| R2 | 1,752.00 | 10.33 % | ||
| R1 | 1,628.00 | 2.52 % | ||
| Current price | 1,588.00 | |||
| Support | S1 | 1,578.00 | -0.630% | |
| S2 | 1,556.00 | -2.02% | ||
| S3 | 1,546.00 | -2.64% |
8219 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¥26.00 | 2.85% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥8.00 | 1.19% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥50.00 | 5.17% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥50.00 | 2.66% |
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