T.HASEGAWA CO.,LTD. Stock Forecast
T.HASEGAWA CO.,LTD. stock price up 1.16% on Thursday
(Updated on May 09, 2024)
The T.HASEGAWA CO.,LTD. stock price gained 1.16% on the last trading day (Thursday, 9th May 2024), rising from JP¥3,015.00 to JP¥3,050.00. During the last trading day the stock fluctuated 1.33% from a day low at JP¥3,015.00 to a day high of JP¥3,055.00. The price has fallen in 6 of the last 10 days and is down by -0.33% for this period. Volume fell on the last day by -15 thousand shares and in total, 20 thousand shares were bought and sold for approximately JP¥59.78 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.23% during the next 3 months and, with a 90% probability hold a price between JP¥2,747.24 and JP¥2,976.73 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4958.T Signals & Forecast
The T.HASEGAWA 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¥3,050.71. On a fall, the stock will find some support from the long-term average at approximately JP¥3,043.60. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, April 23, 2024, and so far it has fallen -2.56%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for T.HASEGAWA CO.,LTD. stock
T.HASEGAWA CO.,LTD. finds support from accumulated volume at JP¥3,035.00 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¥40.00 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4958.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect T.HASEGAWA CO.,LTD. to open at JP¥3,040.00, and during the day (based on 14 day Average True Range), to move between JP¥2,981.34 and JP¥3,118.66, which gives a possible trading interval of +/-JP¥68.66 (+/-2.25%) up or down from last closing price. If T.HASEGAWA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.50% 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¥3,035.00 (0.49%) than the resistance at JP¥3,080.00 (0.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
T.HASEGAWA CO.,LTD. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for T.HASEGAWA CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.52% in the first trading day after earnings release.
Is T.HASEGAWA CO.,LTD. stock A Buy?
T.HASEGAWA CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.496 Sell Candidate Unchanged
Predicted Opening Price for T.HASEGAWA CO.,LTD. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥3,040.00 ( 0.328%) | JP¥3,050.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4958.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,080.00 | 0.98 % | |
| R2 | 3,064.72 | 0.483 % | ||
| R1 | 3,055.28 | 0.173 % | ||
| Current price: | 3,050.00 | |||
| Support | S1 | 3,024.72 | -0.83 % | |
| S2 | 3,015.28 | -1.14 % | ||
| S3 | 3,000.00 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,130.00 | 2.62 % | |
| R2 | 3,120.00 | 2.30 % | ||
| R1 | 3,080.00 | 0.98 % | ||
| Current price | 3,050.00 | |||
| Support | S1 | 3,035.00 | -0.492% | |
| S2 | 3,030.00 | -0.656% | ||
| S3 | 2,991.00 | -1.93% |
4958 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 1.04% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥32.00 | 1.03% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥29.00 | 1.11% |
FAQ
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