ASAHI KAISAI CP ADR Stock Forecast
ASAHI KAISAI CP ADR stock price up 0.420% on Thursday
(Updated on Apr 18, 2024)
The ASAHI KAISAI CP ADR stock price gained 0.420% on the last trading day (Thursday, 18th Apr 2024), rising from $14.18 to $14.24. During the last trading day the stock fluctuated 1.72% from a day low at $14.24 to a day high of $14.49. The price has risen in 6 of the last 10 days but is still down by -0.34% for this period. Volume fell on the last day by -2 thousand shares and in total, 17 thousand shares were bought and sold for approximately $237.81 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 $13.27 and $14.89 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 1.06%. 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 $14.36 and $14.51. 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 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.
Support, Risk & Stop-loss for ASAHI KAISAI CP ADR stock
ASAHI KAISAI CP ADR finds support from accumulated volume at $14.24 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 $0.245 between high and low, or 1.72%. For the last week the stock has had daily average volatility of 1.78%.
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 Friday 19th
For the upcoming trading day on Friday, 19th we expect ASAHI KAISAI CP ADR to open at $14.32, and during the day (based on 14 day Average True Range), to move between $13.91 and $14.57, which gives a possible trading interval of +/-$0.327 (+/-2.30%) 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 4.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.24 (0.04%) than the resistance at $14.61 (2.60%), 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: -3.123 Sell Candidate Unchanged
Predicted Opening Price for ASAHI KAISAI CP ADR of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $14.32 ( 0.574%) | $14.24 |
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 | 14.57 | 2.29 % | |
| R2 | 14.47 | 1.64 % | ||
| R1 | 14.42 | 1.23 % | ||
| Current price: | 14.24 | |||
| Support | S1 | 14.23 | -0.0837 % | |
| S2 | 14.17 | -0.490 % | ||
| S3 | 14.08 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.91 | 4.71 % | |
| R2 | 14.90 | 4.63 % | ||
| R1 | 14.61 | 2.60 % | ||
| Current price | 14.24 | |||
| Support | S1 | 14.24 | -0.0351% | |
| S2 | 14.14 | -0.702% | ||
| S3 | 13.93 | -2.19% |
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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