Aozora Bank,Ltd. Stock Forecast
Aozora Bank,Ltd. stock upgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The Aozora Bank,Ltd. stock price gained 0.428% on the last trading day (Wednesday, 1st May 2024), rising from JP¥2,454.00 to JP¥2,464.50. During the last trading day the stock fluctuated 2.36% from a day low at JP¥2,435.00 to a day high of JP¥2,492.50. The price has risen in 6 of the last 10 days and is up by 0.16% over the past 2 weeks. Volume fell on the last day by -173 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥2.84 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 very wide and weak 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 9.36% during the next 3 months and, with a 90% probability hold a price between JP¥2,443.33 and JP¥3,200.67 at the end of this 3-month period.
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8304.T Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aozora Bank,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,467.43 and JP¥2,466.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -10.33%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Aozora Bank,Ltd. stock
Aozora Bank,Ltd. finds support from accumulated volume at JP¥2,404.50 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¥57.50 between high and low, or 2.36%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: JP¥2,325.50 (-5.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (8304.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Aozora Bank,Ltd. to open at JP¥2,464.00, and during the day (based on 14 day Average True Range), to move between JP¥2,415.13 and JP¥2,513.87, which gives a possible trading interval of +/-JP¥49.37 (+/-2.00%) up or down from last closing price. If Aozora Bank,Ltd. takes out the full calculated possible swing range there will be an estimated 4.01% 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¥2,524.50 (2.43%) than the support at JP¥2,404.50 (2.43%), 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 Aozora Bank,Ltd. stock A Buy?
Aozora Bank,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.229 Hold/Accumulate Upgraded
Predicted Opening Price for Aozora Bank,Ltd. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥2,464.00 ( 0.0203%) | JP¥2,464.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8304.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,521.50 | 2.31 % | |
| R2 | 2,499.54 | 1.42 % | ||
| R1 | 2,485.97 | 0.87 % | ||
| Current price: | 2,464.50 | |||
| Support | S1 | 2,442.04 | -0.91 % | |
| S2 | 2,428.47 | -1.46 % | ||
| S3 | 2,406.50 | -2.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,748.50 | 11.52 % | |
| R2 | 2,622.00 | 6.39 % | ||
| R1 | 2,524.50 | 2.43 % | ||
| Current price | 2,464.50 | |||
| Support | S1 | 2,404.50 | -2.43% | |
| S2 | 2,257.00 | -8.42% | ||
| S3 | 2,150.00 | -12.76% |
8304 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | JP¥39.00 | 1.45% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Dec 15, 2023 | JP¥38.00 | 1.23% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥38.00 | 1.42% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 1.67% |
| 5 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥38.00 | 1.48% |
FAQ
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