HARIMA CHEMICALS GROUP,INC. Stock Forecast
HARIMA CHEMICALS GROUP,INC. stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)
The HARIMA CHEMICALS GROUP,INC. stock price fell by -1.11% on the last day (Thursday, 2nd May 2024) from JP¥899.00 to JP¥889.00. During the last trading day the stock fluctuated 1.46% from a day low at JP¥889.00 to a day high of JP¥902.00. The price has risen in 6 of the last 10 days but is still down by -2.2% 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 -3 thousand shares and in total, 37 thousand shares were bought and sold for approximately JP¥32.63 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥887.07 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect HARIMA CHEMICALS GROUP,INC. stock with a 90% probability to be traded between JP¥896.76 and JP¥961.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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4410.T Signals & Forecast
There are few to no technical positive signals at the moment. The HARIMA CHEMICALS GROUP,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¥899.29 and JP¥915.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -6.12%. 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 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 HARIMA CHEMICALS GROUP,INC. stock
HARIMA CHEMICALS GROUP,INC. finds support from accumulated volume at JP¥886.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥13.00 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: JP¥842.82 (-5.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (4410.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect HARIMA CHEMICALS GROUP,INC. to open at JP¥893.33, and during the day (based on 14 day Average True Range), to move between JP¥874.25 and JP¥903.75, which gives a possible trading interval of +/-JP¥14.75 (+/-1.66%) up or down from last closing price. If HARIMA CHEMICALS GROUP,INC. takes out the full calculated possible swing range there will be an estimated 3.32% 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¥886.00 (0.34%) than the resistance at JP¥895.00 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HARIMA CHEMICALS GROUP,INC. stock A Buy?
HARIMA CHEMICALS GROUP,INC. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.268 Hold/Accumulate Downgraded
Predicted Opening Price for HARIMA CHEMICALS GROUP,INC. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥893.33 ( 0.487%) | JP¥889.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4410.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 906.33 | 1.95 % | |
| R2 | 901.37 | 1.39 % | ||
| R1 | 898.30 | 1.05 % | ||
| Current price: | 889.00 | |||
| Support | S1 | 888.37 | -0.0712 % | |
| S2 | 885.30 | -0.416 % | ||
| S3 | 880.33 | -0.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 912.00 | 2.59 % | |
| R2 | 896.00 | 0.787 % | ||
| R1 | 895.00 | 0.675 % | ||
| Current price | 889.00 | |||
| Support | S1 | 886.00 | -0.337% | |
| S2 | 885.00 | -0.450% | ||
| S3 | 878.00 | -1.24% |
4410 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥2.00 | 0.229% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥2.00 | 0.231% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥19.00 | 2.34% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥19.00 | 2.04% |
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