Japan Airlines Co.,Ltd. Stock Forecast
Japan Airlines Co.,Ltd. stock price down 0.277% on Thursday
(Updated on May 16, 2024)
The Japan Airlines Co.,Ltd. stock price fell by -0.277% on the last day (Thursday, 16th May 2024) from JP¥2,705.00 to JP¥2,697.50. During the last trading day the stock fluctuated 1.02% from a day low at JP¥2,683.50 to a day high of JP¥2,711.00. The price has fallen in 7 of the last 10 days and is down by -3.64% for this period. Volume has increased on the last day by 485 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, 3 million shares were bought and sold for approximately JP¥6.78 billion.
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¥2,693.38 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Japan Airlines Co.,Ltd. stock with a 90% probability to be traded between JP¥2,691.77 and JP¥2,914.82 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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9201.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 0.149%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Japan Airlines 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¥2,711.29 and JP¥2,821.99. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Japan Airlines Co.,Ltd. stock
Japan Airlines Co.,Ltd. finds support from accumulated volume at JP¥2,693.50 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¥27.50 (1.02%) between high and low. For the last week, the stock has had daily average volatility of 1.16%.
Japan Airlines Co.,Ltd. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: JP¥2,547.72 (-5.55%) (This stock has low daily movements and this gives low risk. Low RSI14 is 20 which reduces the risk some. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (9201.T) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Japan Airlines Co.,Ltd. to open at JP¥2,697.33, and during the day (based on 14 day Average True Range), to move between JP¥2,654.04 and JP¥2,740.96, which gives a possible trading interval of +/-JP¥43.46 (+/-1.61%) up or down from last closing price. If Japan Airlines Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.22% 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¥2,693.50 (0.15%) than the resistance at JP¥2,729.00 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Japan Airlines Co.,Ltd. stock A Buy?
Japan Airlines 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.
Current score: -0.769 Hold/Accumulate Unchanged
Predicted Opening Price for Japan Airlines Co.,Ltd. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| JP¥2,697.33 ( 0.0062%) | JP¥2,697.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9201.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,724.83 | 1.01 % | |
| R2 | 2,714.33 | 0.624 % | ||
| R1 | 2,707.84 | 0.383 % | ||
| Current price: | 2,697.50 | |||
| Support | S1 | 2,686.83 | -0.396 % | |
| S2 | 2,680.34 | -0.636 % | ||
| S3 | 2,669.83 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,910.00 | 7.88 % | |
| R2 | 2,900.00 | 7.51 % | ||
| R1 | 2,729.00 | 1.17 % | ||
| Current price | 2,697.50 | |||
| Support | S1 | 2,693.50 | -0.148% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
9201 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥20.00 | 0.682% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 0.98% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥55.00 | 2.66% |
FAQ
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