Arealink Co.,Ltd. Stock Forecast

Arealink Co.,Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)

8914.T Signals & Forecast

The Arealink Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥3,107.00. On a fall, the stock will find some support from the long-term average at approximately JP¥2,777.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, May 01, 2024, and so far it has fallen -6.81%. Further fall is indicated until a new bottom pivot has been found.

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

On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,664.00 and JP¥2,451.00. 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, Arealink Co.,Ltd. finds support just below today's level at JP¥2,664.00. If this is broken, then the next support from accumulated volume will be at JP¥2,451.00 and JP¥2,400.00.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥99.00 between high and low, or 3.40%. For the last week, the stock has had daily average volatility of 3.27%.

Our recommended stop-loss: JP¥2,851.07 (-5.28%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (8914.T) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Arealink Co.,Ltd. to open at JP¥2,980.33, and during the day (based on 14 day Average True Range), to move between JP¥2,904.67 and JP¥3,115.33, which gives a possible trading interval of +/-JP¥105.33 (+/-3.50%) up or down from last closing price. If Arealink Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.00% 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¥3,090.00 (2.66%) than the support at JP¥2,664.00 (11.50%), 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 Arealink 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 Arealink 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 Hold/Accumulate to a Buy candidate.

Current score: 1.766 Buy Candidate Upgraded

Predicted Opening Price for Arealink Co.,Ltd. of Monday, May 13, 2024

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