Azuma Shipping Co.,Ltd. Stock Forecast
Azuma Shipping Co.,Ltd. stock price down 0% on Thursday
(Updated on May 02, 2024)
No changes to the price of Azuma Shipping Co.,Ltd. stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 0.704% from a day low at JP¥284.00 to a day high of JP¥286.00. The price has risen in 5 of the last 10 days but is still down by -0.35% for this period.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥279.58 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.61% during the next 3 months and, with a 90% probability hold a price between JP¥272.29 and JP¥299.36 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9380.T Signals & Forecast
There are mixed signals in the stock today. The Azuma Shipping 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¥285.29 and JP¥295.14. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for Azuma Shipping Co.,Ltd. stock
Azuma Shipping Co.,Ltd. finds support from accumulated volume at JP¥284.00 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¥2.00 between high and low, or 0.704%. For the last week the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9380.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Azuma Shipping Co.,Ltd. to open at JP¥285.00, and during the day (based on 14 day Average True Range), to move between JP¥281.32 and JP¥288.68, which gives a possible trading interval of +/-JP¥3.68 (+/-1.29%) up or down from last closing price. If Azuma Shipping Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.58% 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¥284.00 (0.35%) than the resistance at JP¥300.00 (5.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Azuma Shipping Co.,Ltd. stock A Buy?
Azuma Shipping Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.231 Sell Candidate Unchanged
Predicted Opening Price for Azuma Shipping Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥285.00 ( 0%) | JP¥285.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9380.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 287.00 | 0.702 % | |
| R2 | 286.24 | 0.434 % | ||
| R1 | 285.76 | 0.268 % | ||
| Current price: | 285.00 | |||
| Support | S1 | 284.24 | -0.268 % | |
| S2 | 283.76 | -0.434 % | ||
| S3 | 283.00 | -0.702 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 311.00 | 9.12 % | |
| R2 | 309.00 | 8.42 % | ||
| R1 | 300.00 | 5.26 % | ||
| Current price | 285.00 | |||
| Support | S1 | 284.00 | -0.351% | |
| S2 | 282.00 | -1.05% | ||
| S3 | 280.00 | -1.75% |
9380 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥1.00 | 0.345% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥1.00 | 0.351% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥1.00 | 0.368% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥1.00 | 0.330% |
FAQ
Click here for our free guide on how to buy Azuma Shipping Co.,Ltd. Stock.
