ASAHI KAISAI CP ADR Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
ASAHI KAISAI CP ADR stock upgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The ASAHI KAISAI CP ADR stock price gained 0.791% on the last trading day (Wednesday, 1st May 2024), rising from $13.90 to $14.01. During the last trading day the stock fluctuated 1.15% from a day low at $13.91 to a day high of $14.07. The price has fallen in 6 of the last 10 days and is down by -1.2% for this period. Volume fell on the last day by -5 thousand shares and in total, 13 thousand shares were bought and sold for approximately $187.65 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $13.69 and $15.24 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
There are mixed signals in the stock today. The ASAHI KAISAI CP ADR stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $14.43. On a fall, the stock will find some support from the short-term average at $13.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 2.64%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for ASAHI KAISAI CP ADR stock
ASAHI KAISAI CP ADR finds support from accumulated volume at $13.93 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 $0.160 between high and low, or 1.15%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $13.32 (-4.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (AHKSY) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect ASAHI KAISAI CP ADR to open at $14.00, and during the day (based on 14 day Average True Range), to move between $13.69 and $14.33, which gives a possible trading interval of +/-$0.320 (+/-2.29%) 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 4.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.93 (0.59%) than the resistance at $14.14 (0.93%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.235 Hold/Accumulate Upgraded
Predicted Opening Price for ASAHI KAISAI CP ADR of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $14.00 ( 0.0952%) | $14.01 |
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 | 14.16 | 1.05 % | |
| R2 | 14.10 | 0.611 % | ||
| R1 | 14.06 | 0.341 % | ||
| Current price: | 14.01 | |||
| Support | S1 | 13.94 | -0.531 % | |
| S2 | 13.90 | -0.80 % | ||
| S3 | 13.84 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.05 | 7.42 % | |
| R2 | 14.61 | 4.28 % | ||
| R1 | 14.14 | 0.93 % | ||
| Current price | 14.01 | |||
| Support | S1 | 13.93 | -0.585% | |
| S2 | 13.91 | -0.714% | ||
| S3 | 13.86 | -1.07% |
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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