AEON Financial Service Co.,Ltd. Stock Forecast
Red day on Tuesday for AEON Financial Service Co.,Ltd.
(Updated on May 07, 2024)
The AEON Financial Service Co.,Ltd. stock price fell by -0.0383% on the last day (Tuesday, 7th May 2024) from JP¥1,304.50 to JP¥1,304.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.577% from a day low at JP¥1,300.50 to a day high of JP¥1,308.00. The price has fallen in 6 of the last 10 days but is still up by 0.66% over the past 2 weeks. Volume has increased on the last day by 187 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 733 thousand shares were bought and sold for approximately JP¥955.18 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥1,273.59 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect AEON Financial Service Co.,Ltd. stock with a 90% probability to be traded between JP¥1,269.41 and JP¥1,434.37 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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8570.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.31%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AEON Financial Service 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¥1,306.43 and JP¥1,344.64. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for AEON Financial Service Co.,Ltd. stock
AEON Financial Service Co.,Ltd. finds support from accumulated volume at JP¥1,303.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥7.50 between high and low, or 0.577%. For the last week, the stock has had daily average volatility of 0.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8570.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect AEON Financial Service Co.,Ltd. to open at JP¥1,304.17, and during the day (based on 14 day Average True Range), to move between JP¥1,282.40 and JP¥1,325.60, which gives a possible trading interval of +/-JP¥21.60 (+/-1.66%) up or down from last closing price. If AEON Financial Service Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.31% 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¥1,303.50 (0.04%) than the resistance at JP¥1,318.50 (1.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AEON Financial Service Co.,Ltd. stock A Buy?
AEON Financial Service Co.,Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.845 Sell Candidate Unchanged
Predicted Opening Price for AEON Financial Service Co.,Ltd. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥1,304.17 ( 0.0128%) | JP¥1,304.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8570.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,311.67 | 0.588 % | |
| R2 | 1,308.80 | 0.368 % | ||
| R1 | 1,307.03 | 0.232 % | ||
| Current price: | 1,304.00 | |||
| Support | S1 | 1,301.30 | -0.207 % | |
| S2 | 1,299.53 | -0.343 % | ||
| S3 | 1,296.67 | -0.562 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,342.00 | 2.91 % | |
| R2 | 1,328.50 | 1.88 % | ||
| R1 | 1,318.50 | 1.11 % | ||
| Current price | 1,304.00 | |||
| Support | S1 | 1,303.50 | -0.0383% | |
| S2 | 1,285.00 | -1.46% | ||
| S3 | 1,274.50 | -2.26% |
8570 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥33.00 | 2.53% |
| 4 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥20.00 | 1.41% |
| 5 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥2.00 | 0.171% |
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