AEON CO.,LTD. Stock Forecast
AEON CO.,LTD. stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The AEON CO.,LTD. stock price gained 0.644% on the last trading day (Friday, 28th Jun 2024), rising from JP¥3,417.00 to JP¥3,439.00. During the last trading day the stock fluctuated 0.82% from a day low at JP¥3,425.00 to a day high of JP¥3,453.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -97 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥4.95 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AEON CO.,LTD. stock with a 90% probability to be traded between JP¥3,336.46 and JP¥3,615.16 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.
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8267.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -2.72%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The AEON CO.,LTD. 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¥3,430.43 and JP¥3,396.31. A breakdown below any of these levels will issue sell signals. 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 AEON CO.,LTD. stock
AEON CO.,LTD. finds support from accumulated volume at JP¥3,387.00 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¥28.00 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: JP¥3,254.15 (-5.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (8267.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect AEON CO.,LTD. to open at JP¥3,439.00, and during the day (based on 14 day Average True Range), to move between JP¥3,388.93 and JP¥3,489.07, which gives a possible trading interval of +/-JP¥50.07 (+/-1.46%) up or down from last closing price. If AEON CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.91% 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¥3,456.00 (0.49%) than the support at JP¥3,387.00 (1.51%), 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 AEON CO.,LTD. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for AEON CO.,LTD. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.550 Buy Candidate Upgraded
Predicted Opening Price for AEON CO.,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥3,439.00 ( 0%) | JP¥3,439.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8267.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,467.00 | 0.81% |
| R2 | 3,456.30 | 0.503% |
| R1 | 3,449.70 | 0.311% |
| Price | 3,439.00 | |
| S1 | 3,428.30 | -0.311% |
| S2 | 3,421.70 | -0.503% |
| S3 | 3,411.00 | -0.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,535.00 | 2.79% |
| R2 | 3,466.00 | 0.785% |
| R1 | 3,456.00 | 0.494% |
| Price | 3,439.00 | |
| S1 | 3,387.00 | -1.51% |
| S2 | 3,348.00 | -2.65% |
| S3 | 3,336.00 | -3.00% |
8267 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Oct 01, 2024 | JP¥20.00 | 0.582% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥18.00 | 0.510% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥18.00 | 0.597% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥18.00 | 0.705% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥18.00 | 0.658% |
FAQ
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