HITO-Communications Holdings,Inc. Stock Forecast

HITO-Communications Holdings,Inc. stock price down 0.403% on Thursday
(Updated on May 02, 2024)

4433.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 0.713%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HITO-Communications Holdings,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¥997.57 and JP¥1,110.20. A break-up above any of these levels will issue buy signals. 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 HITO-Communications Holdings,Inc. stock

HITO-Communications Holdings,Inc. finds support from accumulated volume at JP¥982.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥5.00 between high and low, or 0.506%. For the last week, the stock has had daily average volatility of 1.40%.

HITO-Communications Holdings,Inc. is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (4433.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect HITO-Communications Holdings,Inc. to open at JP¥990.67, and during the day (based on 14 day Average True Range), to move between JP¥963.29 and JP¥1,014.71, which gives a possible trading interval of +/-JP¥25.71 (+/-2.60%) up or down from last closing price. If HITO-Communications Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 5.20% 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¥982.00 (0.71%) than the resistance at JP¥1,012.00 (2.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HITO-Communications Holdings,Inc. stock A Buy?

HITO-Communications Holdings,Inc. holds several negative signals and is within a wide 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.

Current score: -2.004 Sell Candidate Unchanged

Predicted Opening Price for HITO-Communications Holdings,Inc. of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.