Hodogaya Chemical Co.,Ltd. Stock Forecast
Hodogaya Chemical Co.,Ltd. stock price down 1.26% on Thursday
(Updated on Jun 27, 2024)
The Hodogaya Chemical Co.,Ltd. stock price fell by -1.26% on the last day (Thursday, 27th Jun 2024) from JP¥5,570.00 to JP¥5,500.00. During the last trading day the stock fluctuated 2.01% from a day low at JP¥5,460.00 to a day high of JP¥5,570.00. The price has fallen in 6 of the last 10 days and is down by -0.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 thousand shares and in total, 37 thousand shares were bought and sold for approximately JP¥200.75 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥5,439.34 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 50.03% during the next 3 months and, with a 90% probability hold a price between JP¥8,160.40 and JP¥9,193.17 at the end of this 3-month period.
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4112.T Signals & Forecast
The Hodogaya Chemical Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥5,691.43. On a fall, the stock will find some support from the long-term average at approximately JP¥5,227.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, June 19, 2024, and so far it has fallen -7.25%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Hodogaya Chemical Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥5,180.00 and JP¥4,910.00. 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, Hodogaya Chemical Co.,Ltd. finds support just below today's level at JP¥5,180.00. If this is broken, then the next support from accumulated volume will be at JP¥4,910.00 and JP¥4,450.00.
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¥110.00 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: JP¥5,259.09 (-4.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (4112.T) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Hodogaya Chemical Co.,Ltd. to open at JP¥5,510.00, and during the day (based on 14 day Average True Range), to move between JP¥5,290.10 and JP¥5,709.90, which gives a possible trading interval of +/-JP¥209.90 (+/-3.82%) up or down from last closing price. If Hodogaya Chemical Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.63% 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¥5,530.00 (0.55%) than the support at JP¥5,180.00 (5.82%), 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 Hodogaya Chemical 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 Hodogaya Chemical Co.,Ltd. stock to perform well in the short-term.
Current score: 3.587 Buy Candidate Unchanged
Predicted Opening Price for Hodogaya Chemical Co.,Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| JP¥5,510.00 ( 0.182%) | JP¥5,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4112.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,620.00 | 2.18% |
| R2 | 5,577.98 | 1.42% |
| R1 | 5,552.02 | 0.95% |
| Price | 5,500.00 | |
| S1 | 5,467.98 | -0.582% |
| S2 | 5,442.02 | -1.05% |
| S3 | 5,400.00 | -1.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,930.00 | 7.82% |
| R2 | 5,570.00 | 1.27% |
| R1 | 5,530.00 | 0.545% |
| Price | 5,500.00 | |
| S1 | 5,180.00 | -5.82% |
| S2 | 4,910.00 | -10.73% |
| S3 | 4,450.00 | -19.09% |
4112 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 | Jun 26, 2024 | JP¥37.50 | 0.673% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 14, 2023 | JP¥37.50 | 1.12% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥32.50 | 1.08% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥32.50 | 1.10% |
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