Ajinomoto Company Inc (ADR) Stock Forecast
Ajinomoto Company Inc (ADR) stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Ajinomoto Company Inc (ADR) stock price gained 2.36% on the last trading day (Friday, 26th Apr 2024), rising from $36.42 to $37.28. During the last trading day the stock fluctuated 1.28% from a day low at $36.86 to a day high of $37.33. The price has fallen in 5 of the last 10 days but is still up by 3.56% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 36 thousand shares were bought and sold for approximately $1.35 million. 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.
Given the current short-term trend, the stock is expected to fall -10.47% during the next 3 months and, with a 90% probability hold a price between $30.87 and $33.37 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AJINY Signals & Forecast
The Ajinomoto Company Inc (ADR) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $36.14 and $36.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.03%. 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. 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 Ajinomoto Company Inc (ADR) stock
Ajinomoto Company Inc (ADR) finds support from accumulated volume at $36.53 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 very controlled movements and therefore the general risk is considered very 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 $0.470 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.20%
Our recommended stop-loss: $36.00 (-3.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (AJINY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Ajinomoto Company Inc (ADR) to open at $37.16, and during the day (based on 14 day Average True Range), to move between $36.57 and $37.99, which gives a possible trading interval of +/-$0.708 (+/-1.90%) up or down from last closing price. If Ajinomoto Company Inc (ADR) takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.34 (0.16%) than the support at $36.53 (2.01%), 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 Ajinomoto Company Inc (ADR) stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.007 Buy Candidate Upgraded
Predicted Opening Price for Ajinomoto Company Inc (ADR) of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $37.16 ( 0.331%) | $37.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AJINY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.63 | 0.93 % | |
| R2 | 37.45 | 0.448 % | ||
| R1 | 37.34 | 0.151 % | ||
| Current price: | 37.28 | |||
| Support | S1 | 36.98 | -0.81 % | |
| S2 | 36.87 | -1.11 % | ||
| S3 | 36.69 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.20 | 2.47 % | |
| R2 | 38.07 | 2.12 % | ||
| R1 | 37.34 | 0.161 % | ||
| Current price | 37.28 | |||
| Support | S1 | 36.53 | -2.01% | |
| S2 | 36.42 | -2.31% | ||
| S3 | 36.14 | -3.06% |
AJINY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 18, 2023 | $0.150 | 0.424% |
| 2 | Mar 01, 2023 | Mar 30, 2023 | Jul 12, 2023 | $0.150 | 0.385% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 02, 2022 | $0.179 | 0.534% |
| 4 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.212 | 0.718% |
| 5 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | $0.234 | 1.08% |
FAQ
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