Hoshino Resorts REIT,Inc. Stock Forecast
Weaker technical forecast for Hoshino Resorts REIT,Inc. as stock downgraded to Strong Sell Candidate.
(Updated on Jun 17, 2024)
The Hoshino Resorts REIT,Inc. stock price fell by -0.97% on the last day (Monday, 17th Jun 2024) from JP¥514,000.00 to JP¥509,000.00. During the last trading day the stock fluctuated 1.98% from a day low at JP¥506,000.00 to a day high of JP¥516,000.00. The price has fallen in 6 of the last 10 days and is down by -0.97% for this period. Volume has increased on the last day by 283 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, 1 thousand shares were bought and sold for approximately JP¥602.66 million.
The stock lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.24% during the next 3 months and, with a 90% probability hold a price between JP¥456,901.80 and JP¥479,160.44 at the end of this 3-month period. 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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3287.T Signals & Forecast
There are few to no technical positive signals at the moment. The Hoshino Resorts REIT,Inc. 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¥516,428.57 and JP¥543,400.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -4.86%. 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.
Support, Risk & Stop-loss for Hoshino Resorts REIT,Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥10,000.00 between high and low, or 1.98%. For the last week, the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3287.T) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Hoshino Resorts REIT,Inc. to open at JP¥510,333.33, and during the day (based on 14 day Average True Range), to move between JP¥497,798.77 and JP¥520,201.23, which gives a possible trading interval of +/-JP¥11,201.23 (+/-2.20%) up or down from last closing price. If Hoshino Resorts REIT,Inc. takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥519,000.00, some JP¥10,000.00 (1.96%) from the current price of JP¥509,000.00, our system finds the risk reward not very attractive.
Is Hoshino Resorts REIT,Inc. stock A Buy?
Hoshino Resorts REIT,Inc. holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Sell to a Strong Sell candidate.
Current score: -6.006 Strong Sell Candidate Downgraded
Predicted Opening Price for Hoshino Resorts REIT,Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| JP¥510,333.33 ( 0.262%) | JP¥509,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3287.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 520,333.33 | 2.23% |
| R2 | 516,513.33 | 1.48% |
| R1 | 514,153.33 | 1.01% |
| Price | 509,000.00 | |
| S1 | 506,513.33 | -0.489% |
| S2 | 504,153.33 | -0.95% |
| S3 | 500,333.33 | -1.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 535,000.00 | 5.11% |
| R2 | 524,000.00 | 2.95% |
| R1 | 519,000.00 | 1.96% |
| Price | 509,000.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
3287 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Jul 01, 2024 | JP¥8,700.00 | 1.71% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Jan 26, 2024 | JP¥8,557.00 | 1.62% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥8,350.00 | 1.18% |
| 4 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥7,681.00 | 1.10% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥7,195.00 | 1.08% |
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