ACOM CO.,LTD. Stock Forecast
ACOM CO.,LTD. stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The ACOM CO.,LTD. stock price gained 1.98% on the last trading day (Friday, 26th Apr 2024), rising from JP¥394.00 to JP¥401.80. During the last trading day the stock fluctuated 2.57% from a day low at JP¥392.40 to a day high of JP¥402.50. The price has risen in 6 of the last 10 days but is still down by -3.44% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 576 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately JP¥534.68 million.
The stock lies in the middle of a 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 7.45% during the next 3 months and, with a 90% probability hold a price between JP¥420.88 and JP¥458.92 at the end of this 3-month period.
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8572.T Signals & Forecast
The ACOM CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥396.73 and JP¥399.01. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -3.53%. 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).
Support, Risk & Stop-loss for ACOM CO.,LTD. stock
ACOM CO.,LTD. finds support from accumulated volume at JP¥386.40 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¥10.10 (2.57%) between high and low. For the last week, the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: JP¥382.61 (-4.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (8572.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect ACOM CO.,LTD. to open at JP¥398.90, and during the day (based on 14 day Average True Range), to move between JP¥392.43 and JP¥411.17, which gives a possible trading interval of +/-JP¥9.37 (+/-2.33%) up or down from last closing price. If ACOM CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.66% 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¥404.30 (0.62%) than the support at JP¥386.40 (3.83%), 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 ACOM CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ACOM CO.,LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.483 Buy Candidate Upgraded
Predicted Opening Price for ACOM CO.,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥398.90 ( 0.722%) | JP¥401.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8572.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 409.00 | 1.79 % | |
| R2 | 405.14 | 0.83 % | ||
| R1 | 402.76 | 0.238 % | ||
| Current price: | 401.80 | |||
| Support | S1 | 395.04 | -1.68 % | |
| S2 | 392.66 | -2.28 % | ||
| S3 | 388.80 | -3.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 416.10 | 3.56 % | |
| R2 | 408.40 | 1.64 % | ||
| R1 | 404.30 | 0.622 % | ||
| Current price | 401.80 | |||
| Support | S1 | 386.40 | -3.83% | |
| S2 | 372.30 | -7.34% | ||
| S3 | 362.80 | -9.71% |
8572 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¥6.00 | 1.70% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 1.57% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 1.58% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥4.00 | 1.24% |
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