HEALIOS K.K. Stock Forecast
HEALIOS K.K. stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jun 18, 2024)
The HEALIOS K.K. stock price fell by -3.41% on the last day (Tuesday, 18th Jun 2024) from JP¥176.00 to JP¥170.00. During the last trading day the stock fluctuated 5.36% from a day low at JP¥168.00 to a day high of JP¥177.00. The price has risen in 5 of the last 10 days and is up by 2.41% over the past 2 weeks. 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 -715 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥215.85 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.24% during the next 3 months and, with a 90% probability hold a price between JP¥135.88 and JP¥190.65 at the end of this 3-month period.
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4593.T Signals & Forecast
The HEALIOS K.K. 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¥168.43 and JP¥153.03. A breakdown below any of these levels will issue sell signals. 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 Monday, June 17, 2024, and so far it has fallen -3.41%. 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 HEALIOS K.K. stock
HEALIOS K.K. finds support from accumulated volume at JP¥168.00 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¥9.00 between high and low, or 5.36%. For the last week, the stock has had daily average volatility of 4.22%.
Our recommended stop-loss: JP¥163.60 (-3.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (4593.T) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect HEALIOS K.K. to open at JP¥171.67, and during the day (based on 14 day Average True Range), to move between JP¥161.36 and JP¥178.64, which gives a possible trading interval of +/-JP¥8.64 (+/-5.08%) up or down from last closing price. If HEALIOS K.K. takes out the full calculated possible swing range there will be an estimated 10.16% 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¥172.00 (1.18%) than the support at JP¥168.00 (1.18%), 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 HEALIOS K.K. 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 HEALIOS K.K. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.173 Buy Candidate Downgraded
Predicted Opening Price for HEALIOS K.K. of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| JP¥171.67 ( 0.98%) | JP¥170.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4593.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 180.67 | 6.27% |
| R2 | 177.23 | 4.25% |
| R1 | 175.10 | 3.00% |
| Price | 170.00 | |
| S1 | 168.23 | -1.04% |
| S2 | 166.10 | -2.29% |
| S3 | 162.67 | -4.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 180.00 | 5.88% |
| R2 | 174.00 | 2.35% |
| R1 | 172.00 | 1.18% |
| Price | 170.00 | |
| S1 | 168.00 | -1.18% |
| S2 | 165.00 | -2.94% |
| S3 | 146.00 | -14.12% |
FAQ
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