ASAHI KAISAI CP ADR Stock Forecast
Red day on Friday for ASAHI KAISAI CP ADR stock after losing 0.211%
(Updated on Apr 19, 2024)
The ASAHI KAISAI CP ADR stock price fell by -0.211% on the last day (Friday, 19th Apr 2024) from $14.24 to $14.21. During the last trading day the stock fluctuated 0.495% from a day low at $14.15 to a day high of $14.22. The price has been going up and down for this period, and there has been a -1.66% loss for the last 2 weeks. 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 -970 shares and in total, 16 thousand shares were bought and sold for approximately $223.52 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ASAHI KAISAI CP ADR stock with a 90% probability to be traded between $13.32 and $14.93 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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AHKSY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 0.85%. 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 ASAHI KAISAI CP ADR 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 $14.30 and $14.52. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for ASAHI KAISAI CP ADR stock
ASAHI KAISAI CP ADR finds support from accumulated volume at $14.14 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0700 between high and low, or 0.495%. For the last week the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AHKSY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect ASAHI KAISAI CP ADR to open at $14.19, and during the day (based on 14 day Average True Range), to move between $13.90 and $14.52, which gives a possible trading interval of +/-$0.310 (+/-2.18%) up or down from last closing price. If ASAHI KAISAI CP ADR takes out the full calculated possible swing range there will be an estimated 4.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.14 (0.49%) than the resistance at $14.61 (2.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ASAHI KAISAI CP ADR stock A Buy?
ASAHI KAISAI CP ADR holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.623 Sell Candidate Unchanged
Predicted Opening Price for ASAHI KAISAI CP ADR of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $14.19 ( 0.117%) | $14.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AHKSY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.26 | 0.375 % | |
| R2 | 14.24 | 0.187 % | ||
| R1 | 14.22 | 0.0709 % | ||
| Current price: | 14.21 | |||
| Support | S1 | 14.17 | -0.305 % | |
| S2 | 14.15 | -0.422 % | ||
| S3 | 14.12 | -0.610 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.91 | 4.93 % | |
| R2 | 14.90 | 4.86 % | ||
| R1 | 14.61 | 2.81 % | ||
| Current price | 14.21 | |||
| Support | S1 | 14.14 | -0.493% | |
| S2 | 13.93 | -1.98% | ||
| S3 | 13.86 | -2.46% |
AHKSY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 18, 2023 | $0.146 | 1.03% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jun 20, 2023 | $0.165 | 1.20% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 16, 2022 | $0.172 | 1.20% |
| 4 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.300 | 1.36% |
| 5 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | $0.309 | 1.30% |
FAQ
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