HEIAN CEREMONY SERVICE CO.,LTD. Stock Forecast

HEIAN CEREMONY SERVICE CO.,LTD. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)

2344.T Signals & Forecast

There are few to no technical positive signals at the moment. The HEIAN CEREMONY SERVICE CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥882.49. On a fall, the stock will find some support from the short-term average at JP¥867.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -0.114%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Tuesday, December 19, 2023 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.

Support, Risk & Stop-loss for HEIAN CEREMONY SERVICE CO.,LTD. stock

HEIAN CEREMONY SERVICE CO.,LTD. finds support from accumulated volume at JP¥867.00 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¥6.00 between high and low, or 0.686%. For the last week the stock has had daily average volatility of 0.81%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (2344.T) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect HEIAN CEREMONY SERVICE CO.,LTD. to open at JP¥877.33, and during the day (based on 14 day Average True Range), to move between JP¥863.00 and JP¥893.00, which gives a possible trading interval of +/-JP¥15.00 (+/-1.71%) up or down from last closing price. If HEIAN CEREMONY SERVICE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.42% 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¥880.00 (0.23%) than the support at JP¥867.00 (1.25%), 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 HEIAN CEREMONY SERVICE CO.,LTD. stock A Buy?

The HEIAN CEREMONY SERVICE CO.,LTD. stock holds several negative signals and despite the positive trend, we believe HEIAN CEREMONY SERVICE CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.094 Sell Candidate Downgraded

Predicted Opening Price for HEIAN CEREMONY SERVICE CO.,LTD. of Wednesday, May 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.