Hayashikane Sangyo Co.,Ltd. Stock Forecast
Hayashikane Sangyo Co.,Ltd. stock price ended at JP¥559.00 on Friday, after losing 0.179%.
(Updated on May 10, 2024)
The Hayashikane Sangyo Co.,Ltd. stock price fell by -0.179% on the last day (Friday, 10th May 2024) from JP¥560.00 to JP¥559.00. During the last trading day the stock fluctuated 0.537% from a day low at JP¥559.00 to a day high of JP¥562.00. The price has fallen in 5 of the last 10 days and is down by -5.25% 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, 49 thousand shares were bought and sold for approximately JP¥27.11 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥554.27 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Hayashikane Sangyo Co.,Ltd. stock with a 90% probability to be traded between JP¥561.56 and JP¥622.49 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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2286.T Signals & Forecast
There are mixed signals in the stock today. The Hayashikane Sangyo Co.,Ltd. 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¥576.14 and JP¥576.91. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 0.90%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hayashikane Sangyo Co.,Ltd. stock
Hayashikane Sangyo Co.,Ltd. finds support from accumulated volume at JP¥556.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥3.00 (0.537%) between high and low. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: JP¥527.16 (-5.70%) (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 (2286.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Hayashikane Sangyo Co.,Ltd. to open at JP¥560.00, and during the day (based on 14 day Average True Range), to move between JP¥542.87 and JP¥575.13, which gives a possible trading interval of +/-JP¥16.13 (+/-2.89%) up or down from last closing price. If Hayashikane Sangyo Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.77% 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¥556.00 (0.54%) than the resistance at JP¥571.00 (2.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Hayashikane Sangyo Co.,Ltd. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Hayashikane Sangyo Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.58% in the first trading day after earnings release.
Is Hayashikane Sangyo Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Hayashikane Sangyo Co.,Ltd. stock to perform well in the short-term period.
Current score: 1.826 Buy Candidate Unchanged
Predicted Opening Price for Hayashikane Sangyo Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥560.00 ( 0.179%) | JP¥559.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2286.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 563.00 | 0.716 % | |
| R2 | 561.85 | 0.511 % | ||
| R1 | 561.15 | 0.384 % | ||
| Current price: | 559.00 | |||
| Support | S1 | 558.85 | -0.0261 % | |
| S2 | 558.15 | -0.153 % | ||
| S3 | 557.00 | -0.358 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 595.00 | 6.44 % | |
| R2 | 592.00 | 5.90 % | ||
| R1 | 571.00 | 2.15 % | ||
| Current price | 559.00 | |||
| Support | S1 | 556.00 | -0.537% | |
| S2 | 554.00 | -0.89% | ||
| S3 | 552.00 | -1.25% |
2286 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥15.00 | 3.21% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 2.83% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥15.00 | 2.27% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥15.00 | 2.60% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥15.00 | 2.52% |
FAQ
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