AEON Mall Co.,Ltd. Stock Forecast
Red day on Tuesday for AEON Mall Co.,Ltd.
(Updated on Jul 02, 2024)
The AEON Mall Co.,Ltd. stock price fell by -0.210% on the last day (Tuesday, 2nd Jul 2024) from JP¥1,906.50 to JP¥1,902.50. During the last trading day the stock fluctuated 0.87% from a day low at JP¥1,896.50 to a day high of JP¥1,913.00. The price has fallen in 6 of the last 10 days and is down by -0.63% for this period. Volume has increased on the last day by 12 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, 407 thousand shares were bought and sold for approximately JP¥773.75 million.
The stock lies in the middle of a strong 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 10.77% during the next 3 months and, with a 90% probability hold a price between JP¥2,065.07 and JP¥2,239.89 at the end of this 3-month period.
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8905.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -4.08%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The AEON Mall 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¥1,898.07 and JP¥1,889.50. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for AEON Mall Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,792.00 and JP¥1,740.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AEON Mall Co.,Ltd. finds support just below today's level at JP¥1,792.00. If this is broken, then the next support from accumulated volume will be at JP¥1,740.50 and JP¥1,740.00.
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¥16.50 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 1.07%.
Our recommended stop-loss: JP¥1,821.77 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (8905.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect AEON Mall Co.,Ltd. to open at JP¥1,904.00, and during the day (based on 14 day Average True Range), to move between JP¥1,874.03 and JP¥1,930.97, which gives a possible trading interval of +/-JP¥28.47 (+/-1.50%) up or down from last closing price. If AEON Mall Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.99% 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¥1,910.50 (0.42%) than the support at JP¥1,792.00 (5.81%), 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 AEON Mall 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 AEON Mall Co.,Ltd. stock to perform well in the short-term.
Current score: 3.254 Buy Candidate Unchanged
Predicted Opening Price for AEON Mall Co.,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥1,904.00 ( 0.0788%) | JP¥1,902.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8905.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,920.50 | 0.95% |
| R2 | 1,914.20 | 0.615% |
| R1 | 1,910.30 | 0.410% |
| Price | 1,902.50 | |
| S1 | 1,897.70 | -0.252% |
| S2 | 1,893.80 | -0.457% |
| S3 | 1,887.50 | -0.788% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,983.50 | 4.26% |
| R2 | 1,931.00 | 1.50% |
| R1 | 1,910.50 | 0.420% |
| Price | 1,902.50 | |
| S1 | 1,792.00 | -5.81% |
| S2 | 1,740.50 | -8.52% |
| S3 | 1,740.00 | -8.54% |
8905 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Oct 01, 2024 | JP¥25.00 | 1.31% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥25.00 | 1.42% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥25.00 | 1.43% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥25.00 | 1.41% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥25.00 | 1.50% |
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