Apaman Co.,Ltd. Stock Forecast
Stronger technical forecast for Apaman Co.,Ltd. stock price after Wednesday trading.
(Updated on May 01, 2024)
The Apaman Co.,Ltd. stock price gained 0.211% on the last trading day (Wednesday, 1st May 2024), rising from JP¥475.00 to JP¥476.00. During the last trading day the stock fluctuated 1.27% from a day low at JP¥471.00 to a day high of JP¥477.00. The price has fallen in 4 of the last 10 days and is down by -1.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately JP¥2.76 million.
The stock is at the lower part of a 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¥472.87 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Apaman Co.,Ltd. stock with a 90% probability to be traded between JP¥464.13 and JP¥495.48 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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8889.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.422%. Further rise is indicated until a new top pivot has been found. 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. The Apaman 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¥476.00 and JP¥483.09. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, July 13, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Thursday, July 13, 2023 in the long-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 Apaman Co.,Ltd. stock
Apaman Co.,Ltd. finds support from accumulated volume at JP¥474.00 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¥6.00 between high and low, or 1.27%. For the last week the stock has had daily average volatility of 0.760%.
Our recommended stop-loss: JP¥446.53 (-6.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (8889.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Apaman Co.,Ltd. to open at JP¥474.67, and during the day (based on 14 day Average True Range), to move between JP¥470.57 and JP¥481.43, which gives a possible trading interval of +/-JP¥5.43 (+/-1.14%) up or down from last closing price. If Apaman Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.28% 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¥474.00 (0.42%) than the resistance at JP¥486.00 (2.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Apaman Co.,Ltd. stock A Buy?
Apaman Co.,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: -0.680 Hold/Accumulate Upgraded
Predicted Opening Price for Apaman Co.,Ltd. of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
JP¥474.67 ( 0.280%) | JP¥476.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8889.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 480.67 | 0.98 % | |
R2 | 478.37 | 0.499 % | ||
R1 | 476.96 | 0.201 % | ||
Current price: | 476.00 | |||
Support | S1 | 472.37 | -0.762 % | |
S2 | 470.96 | -1.06 % | ||
S3 | 468.67 | -1.54 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 514.00 | 7.98 % | |
R2 | 505.00 | 6.09 % | ||
R1 | 486.00 | 2.10 % | ||
Current price | 476.00 | |||
Support | S1 | 474.00 | -0.420% | |
S2 | 466.00 | -2.10% | ||
S3 | 463.00 | -2.73% |
8889 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥20.00 | 4.37% |
3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 4.30% |
4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥20.00 | 3.61% |
5 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥20.00 | 3.41% |
FAQ
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