HONEYS HOLDINGS CO.,LTD. Stock Forecast
HONEYS HOLDINGS CO.,LTD. stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)
The HONEYS HOLDINGS CO.,LTD. stock price fell by -0.403% on the last day (Thursday, 28th Mar 2024) from JP¥1,738.00 to JP¥1,731.00. During the last trading day the stock fluctuated 0.93% from a day low at JP¥1,722.00 to a day high of JP¥1,738.00. The price has been going up and down for this period, and there has been a 2.18% gain for the last 2 weeks. Volume has increased on the last day by 78 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, 181 thousand shares were bought and sold for approximately JP¥313.31 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥1,738.98 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.31% during the next 3 months and, with a 90% probability hold a price between JP¥1,690.66 and JP¥1,796.63 at the end of this 3-month period.
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2792.T Signals & Forecast
The HONEYS HOLDINGS CO.,LTD. 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¥1,722.43 and JP¥1,674.31. 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 Wednesday, March 27, 2024, and so far it has fallen -0.403%. Further fall is indicated until a new bottom pivot has been found. 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, March 05, 2024 in the short-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
The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the short-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 HONEYS HOLDINGS CO.,LTD. stock
HONEYS HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥1,645.00 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¥16.00 (0.93%) between high and low. For the last week, the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: JP¥1,681.96 (-2.83%) (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 (2792.T) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect HONEYS HOLDINGS CO.,LTD. to open at JP¥1,730.33, and during the day (based on 14 day Average True Range), to move between JP¥1,706.89 and JP¥1,755.11, which gives a possible trading interval of +/-JP¥24.11 (+/-1.39%) up or down from last closing price. If HONEYS HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.79% 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¥1,738.00 (0.40%) than the support at JP¥1,645.00 (4.97%), 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 HONEYS HOLDINGS CO.,LTD. stock A Buy?
HONEYS HOLDINGS CO.,LTD. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.621 Hold/Accumulate Downgraded
Predicted Opening Price for HONEYS HOLDINGS CO.,LTD. of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
JP¥1,730.33 ( 0.0385%) | JP¥1,731.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2792.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,746.33 | 0.89 % | |
R2 | 1,740.22 | 0.533 % | ||
R1 | 1,736.45 | 0.315 % | ||
Current price: | 1,731.00 | |||
Support | S1 | 1,724.22 | -0.392 % | |
S2 | 1,720.45 | -0.610 % | ||
S3 | 1,714.33 | -0.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 1,746.00 | 0.87 % | ||
R1 | 1,738.00 | 0.404 % | ||
Current price | 1,731.00 | |||
Support | S1 | 1,645.00 | -4.97% | |
S2 | 1,642.00 | -5.14% | ||
S3 | 1,635.00 | -5.55% |
2792 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥0 | 0% |
2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥30.00 | 2.00% |
3 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥20.00 | 1.65% |
4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥20.00 | 1.93% |
5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥15.00 | 1.49% |
FAQ
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