HISAMITSU PHARMACEUTICAL CO.,INC. Stock Forecast

HISAMITSU PHARMACEUTICAL CO.,INC. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)

4530.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.86%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HISAMITSU PHARMACEUTICAL CO.,INC. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥3,875.66. On a fall, the stock will find some support from the short-term average at JP¥3,749.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, July 13, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for HISAMITSU PHARMACEUTICAL CO.,INC. stock

HISAMITSU PHARMACEUTICAL CO.,INC. finds support from accumulated volume at JP¥3,774.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥91.00 (2.47%) between high and low. For the last week, the stock has had daily average volatility of 1.49%.

Our recommended stop-loss: JP¥3,564.61 (-5.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (4530.T) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect HISAMITSU PHARMACEUTICAL CO.,INC. to open at JP¥3,748.67, and during the day (based on 14 day Average True Range), to move between JP¥3,708.76 and JP¥3,849.24, which gives a possible trading interval of +/-JP¥70.24 (+/-1.86%) up or down from last closing price. If HISAMITSU PHARMACEUTICAL CO.,INC. takes out the full calculated possible swing range there will be an estimated 3.72% 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¥3,774.00 (0.13%) than the resistance at JP¥3,800.00 (0.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HISAMITSU PHARMACEUTICAL CO.,INC. stock A Buy?

HISAMITSU PHARMACEUTICAL CO.,INC. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.556 Hold/Accumulate Upgraded

Predicted Opening Price for HISAMITSU PHARMACEUTICAL CO.,INC. of Tuesday, April 30, 2024

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