Hamee Corp. Stock Forecast
Weaker technical forecast for Hamee Corp. as stock downgraded to Buy Candidate.
(Updated on May 17, 2024)
The Hamee Corp. stock price fell by -2.20% on the last day (Friday, 17th May 2024) from JP¥1,270.00 to JP¥1,242.00. During the last trading day the stock fluctuated 2.67% from a day low at JP¥1,237.00 to a day high of JP¥1,270.00. The price has risen in 7 of the last 10 days and is up by 7.25% over the past 2 weeks. Volume has increased on the last day by 20 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, 42 thousand shares were bought and sold for approximately JP¥52.66 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.34% during the next 3 months and, with a 90% probability hold a price between JP¥1,285.82 and JP¥1,518.34 at the end of this 3-month period.
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3134.T Signals & Forecast
The Hamee Corp. 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¥1,241.43 and JP¥1,213.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 8.66%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hamee Corp. stock
Hamee Corp. finds support from accumulated volume at JP¥1,205.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥33.00 between high and low, or 2.67%. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: JP¥1,192.48 (-3.99%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (3134.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Hamee Corp. to open at JP¥1,249.67, and during the day (based on 14 day Average True Range), to move between JP¥1,208.37 and JP¥1,275.63, which gives a possible trading interval of +/-JP¥33.63 (+/-2.71%) up or down from last closing price. If Hamee Corp. takes out the full calculated possible swing range there will be an estimated 5.42% 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¥1,205.00 (2.98%) than the resistance at JP¥1,312.00 (5.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hamee Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hamee Corp. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.747 Buy Candidate Downgraded
Predicted Opening Price for Hamee Corp. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥1,249.67 ( 0.617%) | JP¥1,242.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3134.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,282.67 | 3.27 % | |
| R2 | 1,270.06 | 2.26 % | ||
| R1 | 1,262.27 | 1.63 % | ||
| Current price: | 1,242.00 | |||
| Support | S1 | 1,237.06 | -0.398 % | |
| S2 | 1,229.27 | -1.02 % | ||
| S3 | 1,216.67 | -2.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,343.00 | 8.13 % | |
| R2 | 1,314.00 | 5.80 % | ||
| R1 | 1,312.00 | 5.64 % | ||
| Current price | 1,242.00 | |||
| Support | S1 | 1,205.00 | -2.98% | |
| S2 | 1,175.00 | -5.39% | ||
| S3 | 1,171.00 | -5.72% |
3134 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥22.50 | 2.26% |
| 2 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥22.50 | 2.01% |
| 3 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | JP¥8.00 | 0.489% |
| 4 | Apr 28, 2020 | Apr 28, 2020 | Apr 28, 2020 | JP¥7.00 | 0.565% |
| 5 | Apr 24, 2019 | Apr 24, 2019 | Apr 24, 2019 | JP¥6.50 | 0.81% |
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