HASEKO Corporation Stock Forecast
Red day on Wednesday for HASEKO Corporation stock after losing 0.368%
(Updated on May 01, 2024)
The HASEKO Corporation stock price fell by -0.368% on the last day (Wednesday, 1st May 2024) from JP¥1,904.50 to JP¥1,897.50. During the last trading day the stock fluctuated 1.17% from a day low at JP¥1,875.50 to a day high of JP¥1,897.50. The price has risen in 6 of the last 10 days and is up by 2.79% over the past 2 weeks. 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 -245 thousand shares and in total, 544 thousand shares were bought and sold for approximately JP¥1.03 billion.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥1,917.37 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect HASEKO Corporation stock with a 90% probability to be traded between JP¥1,772.35 and JP¥1,891.22 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. 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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1808.T Signals & Forecast
The HASEKO Corporation 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 JP¥1,871.64 and JP¥1,870.70. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, April 30, 2024, and so far it has fallen -0.368%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, April 25, 2024 in the long-term chart.
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, April 25, 2024 in the long-term chart.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.
A sell signal from a double top formation was found on Friday, March 22, 2024 and based on theory for this formation the price should fall by -8.71% to JP¥1,732.21 within 19 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for HASEKO Corporation stock
HASEKO Corporation finds support from accumulated volume at JP¥1,866.50 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¥22.00 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: JP¥1,819.71 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (1808.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect HASEKO Corporation to open at JP¥1,890.17, and during the day (based on 14 day Average True Range), to move between JP¥1,866.99 and JP¥1,928.01, which gives a possible trading interval of +/-JP¥30.51 (+/-1.61%) up or down from last closing price. If HASEKO Corporation takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥1,906.50 (0.47%) than the support at JP¥1,866.50 (1.63%), 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 HASEKO Corporation stock A Buy?
HASEKO Corporation 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.
Current score: 0.544 Hold/Accumulate Unchanged
Predicted Opening Price for HASEKO Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥1,890.17 ( 0.386%) | JP¥1,897.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1808.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,912.17 | 0.773 % | |
| R2 | 1,903.76 | 0.330 % | ||
| R1 | 1,898.57 | 0.0564 % | ||
| Current price: | 1,897.50 | |||
| Support | S1 | 1,881.76 | -0.83 % | |
| S2 | 1,876.57 | -1.10 % | ||
| S3 | 1,868.17 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,926.00 | 1.50 % | |
| R2 | 1,907.50 | 0.527 % | ||
| R1 | 1,906.50 | 0.474 % | ||
| Current price | 1,897.50 | |||
| Support | S1 | 1,866.50 | -1.63% | |
| S2 | 1,863.00 | -1.82% | ||
| S3 | 1,842.50 | -2.90% |
1808 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 2.62% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 2.54% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥45.00 | 3.13% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥35.00 | 2.34% |
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