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AI Analysis of 8798.T
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Advance Create Co.,Ltd. stock downgraded to Buy Candidate
(Updated on Jun 28, 2024)

Buy or Hold candidate since Jun 14, 2024 Gain 2.28% PDF

The Advance Create Co.,Ltd. stock price fell by -0.278% on the last day (Friday, 28th Jun 2024) from JP¥1,080.00 to JP¥1,077.00. During the last trading day the stock fluctuated 0.93% from a day low at JP¥1,070.00 to a day high of JP¥1,080.00. The price has risen in 6 of the last 10 days and is up by 2.28% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -31 thousand shares and in total, 17 thousand shares were bought and sold for approximately JP¥17.88 million.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥1,080.23 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Advance Create Co.,Ltd. stock with a 90% probability to be traded between JP¥1,006.20 and JP¥1,094.85 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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8798.T Signals & Forecast

The Advance Create 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¥1,068.71 and JP¥1,033.71. 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 Thursday, June 27, 2024, and so far it has fallen -0.278%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Advance Create Co.,Ltd. stock

Advance Create Co.,Ltd. finds support from accumulated volume at JP¥1,042.00 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¥10.00 (0.93%) between high and low. For the last week, the stock has had daily average volatility of 1.17%.

Our recommended stop-loss: JP¥1,036.70 (-3.74%) (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 (8798.T) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Advance Create Co.,Ltd. to open at JP¥1,075.67, and during the day (based on 14 day Average True Range), to move between JP¥1,062.64 and JP¥1,091.36, which gives a possible trading interval of +/-JP¥14.36 (+/-1.33%) up or down from last closing price. If Advance Create Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.67% 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¥1,080.00 (0.28%) than the support at JP¥1,042.00 (3.25%), 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 Advance Create 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 Advance Create Co.,Ltd. stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.829 Buy Candidate Downgraded

Predicted Opening Price for Advance Create Co.,Ltd. of Monday, July 1, 2024

Fair opening price July 1, 2024 Current price
JP¥1,075.67 ( 0.124%) JP¥1,077.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 8798.T

Fibonacci Support & Resistance Levels

Level Price
R3 1,085.67 0.80%
R2 1,081.85 0.450%
R1 1,079.49 0.231%
Price 1,077.00
S1 1,071.85 -0.478%
S2 1,069.49 -0.698%
S3 1,065.67 -1.05%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 1,080.00 0.279%
Price 1,077.00
S1 1,042.00 -3.25%
S2 1,016.00 -5.66%
S3 983.00 -8.73%

8798 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 27, 2024 Sep 27, 2024 Dec 01, 2024 JP¥17.50 1.62%
2 Mar 28, 2024 Mar 28, 2024 Jun 26, 2024 JP¥17.50 1.64%
3 Sep 28, 2023 Sep 28, 2023 Sep 28, 2023 JP¥17.50 1.58%
4 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥17.50 1.67%
5 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥2.50 0.251%

FAQ

What is the symbol for Advance Create Co.,Ltd. Stock and on which exchange is it traded?
The symbol for Advance Create Co.,Ltd. is 8798.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell Advance Create Co.,Ltd. Stock?
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 Advance Create Co.,Ltd. stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Advance Create Co.,Ltd. Stock?
Advance Create Co.,Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Advance Create Co.,Ltd. Stock.

What's the current price of Advance Create Co.,Ltd. Stock?
As of the end of day on the Jun 28, 2024, the price of an Advance Create Co.,Ltd. (8798.T) share was JP¥1,077.00.

What is the 52-week high and low for Advance Create Co.,Ltd. Stock?
The 52-week high for Advance Create Co.,Ltd. Stock is JP¥1,261.00 and the 52-week low is JP¥922.00.

What is the market capitalization of Advance Create Co.,Ltd. Stock?
As of the Jun 28, 2024, the market capitalization of Advance Create Co.,Ltd. is 23.632B.

When is the next earnings date for Advance Create Co.,Ltd.?
The upcoming earnings date for Advance Create Co.,Ltd. is Aug 08, 2024.
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About Advance Create Co.,Ltd.

Advance Create Co.Ltd. Advance Create Co., Ltd. engages in the insurance agency business in Japan. It operates through five segments: Insurance Agency Business, ASP Business, Media Business, Media Representative Business, and Reinsurance Business. The company provides life and non-life insurance services; and short-term insurance services, which include medical, death, annuity, corporate, fire, and automobile insurance to general customers and corporations through dire... 8798.T Profile

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