Asia Time Corp Stock Forecast
Asia Time Corp stock downgraded to Hold/Accumulate
(Updated on May 10, 2024)
The Asia Time Corp stock price gained 0.334% on the last trading day (Friday, 10th May 2024), rising from £448.50 to £450.00. During the last trading day the stock fluctuated 1.67% from a day low at £447.54 to a day high of £455.00. The price has risen in 6 of the last 10 days and is up by 1.93% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 367 thousand more shares were traded than the day before. In total, 367 thousand shares were bought and sold for approximately £164.97 million.
The stock lies in the middle of a 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 48.26% during the next 3 months and, with a 90% probability hold a price between £646.42 and £704.68 at the end of this 3-month period.
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ATYM.L Signals & Forecast
The Asia Time Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £441.64 and £419.41. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.10%. 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). The stock had a Golden Star Signal on Thursday, February 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, August 10, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, August 10, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, February 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, August 10, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Asia Time Corp stock
Asia Time Corp finds support from accumulated volume at £444.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £7.46 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: £432.16 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (ATYM.L) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Asia Time Corp to open at £450.85, and during the day (based on 14 day Average True Range), to move between £435.79 and £464.21, which gives a possible trading interval of +/-£14.21 (+/-3.16%) up or down from last closing price. If Asia Time Corp takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £455.00 (1.11%) than the support at £444.50 (1.22%), 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 Asia Time Corp stock A Buy?
Asia Time Corp 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. 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: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Asia Time Corp of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
£450.85 ( 0.188%) | £450.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATYM.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 458.31 | 1.85 % | |
R2 | 455.46 | 1.21 % | ||
R1 | 453.70 | 0.82 % | ||
Current price: | 450.00 | |||
Support | S1 | 448.00 | -0.445 % | |
S2 | 446.24 | -0.84 % | ||
S3 | 443.39 | -1.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 455.00 | 1.11 % | ||
Current price | 450.00 | |||
Support | S1 | 444.50 | -1.22% | |
S2 | 430.50 | -4.33% | ||
S3 | 388.00 | -13.78% |
ATYM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | £3.90 | 1.20% |
2 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £2.98 | 0.93% |
3 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | £3.13 | 1.30% |
4 | Oct 27, 2021 | Nov 04, 2021 | Dec 01, 2021 | £29.40 | 7.15% |
FAQ
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