Japan Airlines Ltd Unsp Adr Stock Forecast
Weaker technical forecast for Japan Airlines Ltd Unsp Adr as stock downgraded to Sell Candidate.
(Updated on Apr 19, 2024)
The Japan Airlines Ltd Unsp Adr stock price fell by -1.10% on the last day (Friday, 19th Apr 2024) from $9.08 to $8.98. During the last trading day the stock fluctuated 0.98% from a day low at $8.90 to a day high of $8.99. The price has fallen in 6 of the last 10 days and is down by -4.77% 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 -28 thousand shares and in total, 31 thousand shares were bought and sold for approximately $277.55 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $8.90 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Japan Airlines Ltd Unsp Adr stock with a 90% probability to be traded between $8.72 and $9.39 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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JAPSY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.335%. 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 Japan Airlines Ltd Unsp 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 $9.13 and $9.31. 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 Japan Airlines Ltd Unsp Adr stock
Japan Airlines Ltd Unsp Adr finds support from accumulated volume at $8.96 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 $0.0875 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 1.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JAPSY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Japan Airlines Ltd Unsp Adr to open at $8.96, and during the day (based on 14 day Average True Range), to move between $8.82 and $9.14, which gives a possible trading interval of +/-$0.163 (+/-1.81%) up or down from last closing price. If Japan Airlines Ltd Unsp Adr takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.00 (0.22%) than the support at $8.96 (0.22%), 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 Japan Airlines Ltd Unsp Adr stock A Buy?
Japan Airlines Ltd Unsp Adr holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.818 Sell Candidate Downgraded
Predicted Opening Price for Japan Airlines Ltd Unsp Adr of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $8.96 ( 0.251%) | $8.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAPSY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.05 | 0.724 % | |
| R2 | 9.01 | 0.352 % | ||
| R1 | 8.99 | 0.122 % | ||
| Current price: | 8.98 | |||
| Support | S1 | 8.92 | -0.623 % | |
| S2 | 8.90 | -0.85 % | ||
| S3 | 8.87 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.62 | 7.13 % | |
| R2 | 9.17 | 2.12 % | ||
| R1 | 9.00 | 0.223 % | ||
| Current price | 8.98 | |||
| Support | S1 | 8.96 | -0.223% | |
| S2 | 8.95 | -0.334% | ||
| S3 | 0 | . |
JAPSY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 19, 2023 | $0.0724 | 0.755% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 11, 2023 | $0.0618 | 0.562% |
| 3 | Sep 10, 2019 | Sep 26, 2019 | Dec 18, 2019 | $0.180 | 1.16% |
FAQ
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