DIGITAL HEARTS HOLDINGS Co.,Ltd. Stock Forecast
DIGITAL HEARTS HOLDINGS Co.,Ltd. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The DIGITAL HEARTS HOLDINGS Co.,Ltd. stock price gained 4.87% on the last trading day (Friday, 17th May 2024), rising from JP¥965.00 to JP¥1,012.00. During the last trading day the stock fluctuated 5.86% from a day low at JP¥956.00 to a day high of JP¥1,012.00. The price has risen in 5 of the last 10 days and is up by 5.86% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 64 thousand shares were bought and sold for approximately JP¥64.67 million.
The stock lies in the middle of a wide 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 -3.11% during the next 3 months and, with a 90% probability hold a price between JP¥862.51 and JP¥1,024.15 at the end of this 3-month period.
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3676.T Signals & Forecast
The DIGITAL HEARTS 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¥972.29 and JP¥948.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.44%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for DIGITAL HEARTS HOLDINGS Co.,Ltd. stock
DIGITAL HEARTS HOLDINGS Co.,Ltd. finds support from accumulated volume at JP¥971.00 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¥56.00 between high and low, or 5.86%. For the last week, the stock has had daily average volatility of 3.22%.
Our recommended stop-loss: JP¥961.27 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (3676.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect DIGITAL HEARTS HOLDINGS Co.,Ltd. to open at JP¥993.33, and during the day (based on 14 day Average True Range), to move between JP¥981.67 and JP¥1,042.33, which gives a possible trading interval of +/-JP¥30.33 (+/-3.00%) up or down from last closing price. If DIGITAL HEARTS HOLDINGS Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.99% 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¥1,014.00 (0.20%) than the support at JP¥971.00 (4.05%), 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 DIGITAL HEARTS HOLDINGS Co.,Ltd. stock A Buy?
DIGITAL HEARTS 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: 0.879 Hold/Accumulate Downgraded
Predicted Opening Price for DIGITAL HEARTS HOLDINGS Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥993.33 ( 1.84%) | JP¥1,012.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3676.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,049.33 | 3.69 % | |
| R2 | 1,027.94 | 1.58 % | ||
| R1 | 1,014.73 | 0.269 % | ||
| Current price: | 1,012.00 | |||
| Support | S1 | 971.94 | -3.96 % | |
| S2 | 958.73 | -5.26 % | ||
| S3 | 937.33 | -7.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,091.00 | 7.81 % | |
| R2 | 1,025.00 | 1.28 % | ||
| R1 | 1,014.00 | 0.198 % | ||
| Current price | 1,012.00 | |||
| Support | S1 | 971.00 | -4.05% | |
| S2 | 966.00 | -4.55% | ||
| S3 | 942.00 | -6.92% |
3676 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.50 | 0.720% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.50 | 0.547% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥7.50 | 0.411% |
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