AIN HOLDINGS INC. Stock Forecast
AIN HOLDINGS INC. stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 27, 2024)
The AIN HOLDINGS INC. stock price fell by -1.82% on the last day (Monday, 27th May 2024) from JP¥5,946.00 to JP¥5,838.00. During the last trading day the stock fluctuated 1.87% from a day low at JP¥5,826.00 to a day high of JP¥5,935.00. The price has fallen in 6 of the last 10 days and is down by -1.34% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -30 thousand shares and in total, 99 thousand shares were bought and sold for approximately JP¥575.63 million.
The stock lies in the middle of a wide and 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 18.96% during the next 3 months and, with a 90% probability hold a price between JP¥6,553.45 and JP¥7,712.71 at the end of this 3-month period.
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9627.T Signals & Forecast
There are few to no technical positive signals at the moment. The AIN HOLDINGS INC. 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¥5,875.86 and JP¥5,902.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -6.16%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for AIN HOLDINGS INC. stock
AIN HOLDINGS INC. finds support from accumulated volume at JP¥5,587.00 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¥109.00 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: JP¥5,470.21 (-6.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 67 days ago.)
Trading Expectations (9627.T) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect AIN HOLDINGS INC. to open at JP¥5,866.33, and during the day (based on 14 day Average True Range), to move between JP¥5,696.23 and JP¥5,979.77, which gives a possible trading interval of +/-JP¥141.77 (+/-2.43%) up or down from last closing price. If AIN HOLDINGS INC. takes out the full calculated possible swing range there will be an estimated 4.86% 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¥5,889.00 (0.87%) than the support at JP¥5,587.00 (4.30%), 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 AIN HOLDINGS INC. stock A Buy?
AIN HOLDINGS INC. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.795 Hold/Accumulate Downgraded
Predicted Opening Price for AIN HOLDINGS INC. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| JP¥5,866.33 ( 0.485%) | JP¥5,838.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9627.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,975.33 | 2.35 % | |
| R2 | 5,933.70 | 1.64 % | ||
| R1 | 5,907.97 | 1.20 % | ||
| Current price: | 5,838.00 | |||
| Support | S1 | 5,824.70 | -0.228 % | |
| S2 | 5,798.97 | -0.669 % | ||
| S3 | 5,757.33 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,953.00 | 1.97 % | |
| R2 | 5,948.00 | 1.88 % | ||
| R1 | 5,889.00 | 0.87 % | ||
| Current price | 5,838.00 | |||
| Support | S1 | 5,587.00 | -4.30% | |
| S2 | 5,246.00 | -10.14% | ||
| S3 | 4,586.00 | -21.45% |
9627 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 26, 2024 | JP¥0 | 0% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥60.00 | 1.07% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥55.00 | 0.97% |
| 4 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | JP¥55.00 | 0.89% |
| 5 | Apr 28, 2020 | Apr 28, 2020 | Apr 28, 2020 | JP¥55.00 | 0.95% |
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