AIZAWA SECURITIES CO.,LTD. Stock Forecast
Red day on Thursday for AIZAWA SECURITIES CO.,LTD.
(Updated on May 02, 2024)
The AIZAWA SECURITIES CO.,LTD. stock price fell by -4.51% on the last day (Thursday, 2nd May 2024) from JP¥1,750.00 to JP¥1,671.00. During the last trading day the stock fluctuated 9.58% from a day low at JP¥1,608.00 to a day high of JP¥1,762.00. The price has risen in 7 of the last 10 days and is up by 35.96% over the past 2 weeks. Volume has increased on the last day by 452 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, 586 thousand shares were bought and sold for approximately JP¥979.04 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥1,771.71 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 16.96% during the next 3 months and, with a 90% probability hold a price between JP¥1,449.66 and JP¥2,072.28 at the end of this 3-month period.
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8708.T Signals & Forecast
The AIZAWA SECURITIES 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¥1,530.71 and JP¥1,273.74. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -5.22%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, March 21, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 21, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for AIZAWA SECURITIES CO.,LTD. stock
AIZAWA SECURITIES CO.,LTD. finds support from accumulated volume at JP¥1,600.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥154.00 between high and low, or 9.58%. For the last week, the stock has had daily average volatility of 8.96%.
The AIZAWA SECURITIES CO.,LTD. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥1,599.84 (-4.26%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (8708.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect AIZAWA SECURITIES CO.,LTD. to open at JP¥1,680.33, and during the day (based on 14 day Average True Range), to move between JP¥1,595.50 and JP¥1,746.50, which gives a possible trading interval of +/-JP¥75.50 (+/-4.52%) up or down from last closing price. If AIZAWA SECURITIES CO.,LTD. takes out the full calculated possible swing range there will be an estimated 9.04% 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¥1,600.00 (4.25%) than the resistance at JP¥1,750.00 (4.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AIZAWA SECURITIES 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 AIZAWA SECURITIES CO.,LTD. stock to perform well in the short-term.
Current score: 1.162 Buy Candidate Unchanged
Predicted Opening Price for AIZAWA SECURITIES CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,680.33 ( 0.559%) | JP¥1,671.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8708.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,834.33 | 9.77 % | |
| R2 | 1,775.51 | 6.25 % | ||
| R1 | 1,739.16 | 4.08 % | ||
| Current price: | 1,671.00 | |||
| Support | S1 | 1,621.51 | -2.96 % | |
| S2 | 1,585.16 | -5.14 % | ||
| S3 | 1,526.33 | -8.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1,763.00 | 5.51 % | ||
| R1 | 1,750.00 | 4.73 % | ||
| Current price | 1,671.00 | |||
| Support | S1 | 1,600.00 | -4.25% | |
| S2 | 1,270.00 | -24.00% | ||
| S3 | 1,256.00 | -24.84% |
8708 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥13.00 | 0.778% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥13.00 | 1.27% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥13.00 | 1.88% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥13.00 | 2.00% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 1.97% |
FAQ
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