HOGY MEDICAL CO.,LTD. Stock Forecast
Evaluation of HOGY MEDICAL CO.,LTD. stock downgraded after the last trading session.
(Updated on May 20, 2024)
The HOGY MEDICAL CO.,LTD. stock price fell by -0.89% on the last day (Monday, 20th May 2024) from JP¥3,940.00 to JP¥3,905.00. During the last trading day the stock fluctuated 1.93% from a day low at JP¥3,880.00 to a day high of JP¥3,955.00. The price has risen in 5 of the last 10 days and is up by 3.31% over the past 2 weeks. Volume has increased on the last day by 7 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, 46 thousand shares were bought and sold for approximately JP¥179.24 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 4.08% during the next 3 months and, with a 90% probability hold a price between JP¥3,632.97 and JP¥4,261.90 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3593.T Signals & Forecast
The HOGY MEDICAL 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¥3,902.14 and JP¥3,726.86. 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 Friday, May 17, 2024, and so far it has fallen -0.89%. 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.
Support, Risk & Stop-loss for HOGY MEDICAL CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥3,665.00 and JP¥3,650.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, HOGY MEDICAL CO.,LTD. finds support just below today's level at JP¥3,665.00. If this is broken, then the next support from accumulated volume will be at JP¥3,650.00 and JP¥3,600.00.
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¥75.00 between high and low, or 1.93%. For the last week, the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: JP¥3,813.62 (-2.34%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (3593.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect HOGY MEDICAL CO.,LTD. to open at JP¥3,913.33, and during the day (based on 14 day Average True Range), to move between JP¥3,837.33 and JP¥3,972.67, which gives a possible trading interval of +/-JP¥67.67 (+/-1.73%) up or down from last closing price. If HOGY MEDICAL CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.47% 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¥3,910.00 (0.13%) than the support at JP¥3,665.00 (6.15%), 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 HOGY MEDICAL CO.,LTD. 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 HOGY MEDICAL CO.,LTD. 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: 1.415 Buy Candidate Downgraded
Predicted Opening Price for HOGY MEDICAL CO.,LTD. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥3,913.33 ( 0.213%) | JP¥3,905.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3593.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,988.33 | 2.13 % | |
| R2 | 3,959.68 | 1.40 % | ||
| R1 | 3,941.98 | 0.95 % | ||
| Current price: | 3,905.00 | |||
| Support | S1 | 3,884.68 | -0.520 % | |
| S2 | 3,866.98 | -0.97 % | ||
| S3 | 3,838.33 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,970.00 | 1.66 % | |
| R2 | 3,940.00 | 0.90 % | ||
| R1 | 3,910.00 | 0.128 % | ||
| Current price | 3,905.00 | |||
| Support | S1 | 3,665.00 | -6.15% | |
| S2 | 3,650.00 | -6.53% | ||
| S3 | 3,600.00 | -7.81% |
3593 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥20.00 | 0.627% |
| 5 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥18.00 | 0.571% |
FAQ
Click here for our free guide on how to buy HOGY MEDICAL CO.,LTD. Stock.
