HOKUTO CORPORATION Stock Forecast
HOKUTO CORPORATION stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The HOKUTO CORPORATION stock price fell by -0.443% on the last day (Friday, 19th Apr 2024) from JP¥1,804.00 to JP¥1,796.00. During the last trading day the stock fluctuated 1.12% from a day low at JP¥1,783.00 to a day high of JP¥1,803.00. The price has fallen in 6 of the last 10 days and is down by -2.39% for this period. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 43 thousand shares were bought and sold for approximately JP¥76.33 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,795.41 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.91% during the next 3 months and, with a 90% probability hold a price between JP¥1,865.54 and JP¥2,035.30 at the end of this 3-month period.
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1379.T Signals & Forecast
The HOKUTO CORPORATION 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 JP¥1,816.57 and JP¥1,848.94. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.167%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for HOKUTO CORPORATION stock
HOKUTO CORPORATION finds support from accumulated volume at JP¥1,794.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥20.00 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 0.95%.
Our recommended stop-loss: JP¥1,700.10 (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (1379.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect HOKUTO CORPORATION to open at JP¥1,794.00, and during the day (based on 14 day Average True Range), to move between JP¥1,775.30 and JP¥1,816.70, which gives a possible trading interval of +/-JP¥20.70 (+/-1.15%) up or down from last closing price. If HOKUTO CORPORATION takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,794.00 (0.11%) than the resistance at JP¥1,801.00 (0.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HOKUTO CORPORATION stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.364 Buy Candidate Upgraded
Predicted Opening Price for HOKUTO CORPORATION of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥1,794.00 ( 0.111%) | JP¥1,796.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1379.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,814.00 | 1.00 % | |
| R2 | 1,806.36 | 0.577 % | ||
| R1 | 1,801.64 | 0.314 % | ||
| Current price: | 1,796.00 | |||
| Support | S1 | 1,786.36 | -0.537 % | |
| S2 | 1,781.64 | -0.800 % | ||
| S3 | 1,774.00 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,925.00 | 7.18 % | |
| R2 | 1,882.00 | 4.79 % | ||
| R1 | 1,801.00 | 0.278 % | ||
| Current price | 1,796.00 | |||
| Support | S1 | 1,794.00 | -0.111% | |
| S2 | 1,778.00 | -1.00% | ||
| S3 | 1,775.00 | -1.17% |
1379 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥30.00 | 1.67% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 1.62% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0.527% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥50.00 | 2.60% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥10.00 | 0.510% |
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