Axial Retailing Inc. Stock Forecast
Axial Retailing Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Axial Retailing Inc. stock price gained 0.0941% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,063.00 to JP¥1,064.00. During the last trading day the stock fluctuated 1.81% from a day low at JP¥1,047.00 to a day high of JP¥1,066.00. The price has risen in 6 of the last 10 days but is still down by -1.75% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 87 thousand shares were bought and sold for approximately JP¥92.57 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
8255.T Signals & Forecast
There are mixed signals in the stock today. The Axial Retailing Inc. 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¥1,064.43 and JP¥2,196.29. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 6.08%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Axial Retailing Inc. stock
Axial Retailing Inc. finds support from accumulated volume at JP¥1,058.00 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¥19.00 (1.81%) between high and low. For the last week, the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: JP¥1,003.39 (-5.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (8255.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Axial Retailing Inc. to open at JP¥1,059.00, and during the day (based on 14 day Average True Range), to move between JP¥989.85 and JP¥1,138.15, which gives a possible trading interval of +/-JP¥74.15 (+/-6.97%) up or down from last closing price. If Axial Retailing Inc. takes out the full calculated possible swing range there will be an estimated 13.94% 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¥1,069.00 (0.47%) than the support at JP¥1,058.00 (0.56%), 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 Axial Retailing Inc. stock A Buy?
Axial Retailing Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.330 Hold/Accumulate Upgraded
Predicted Opening Price for Axial Retailing Inc. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,059.00 ( 0.470%) | JP¥1,064.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8255.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,078.00 | 1.32 % | |
| R2 | 1,070.74 | 0.634 % | ||
| R1 | 1,066.26 | 0.212 % | ||
| Current price: | 1,064.00 | |||
| Support | S1 | 1,051.74 | -1.15 % | |
| S2 | 1,047.26 | -1.57 % | ||
| S3 | 1,040.00 | -2.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,085.00 | 1.97 % | |
| R2 | 1,083.00 | 1.79 % | ||
| R1 | 1,069.00 | 0.470 % | ||
| Current price | 1,064.00 | |||
| Support | S1 | 1,058.00 | -0.564% | |
| S2 | 1,041.00 | -2.16% | ||
| S3 | 1,012.00 | -4.89% |
8255 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥30.00 | 3.20% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥55.00 | 6.41% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 3.00% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥55.00 | 6.79% |
FAQ
Click here for our free guide on how to buy Axial Retailing Inc. Stock.
