HOKKO CHEMICAL INDUSTRY CO.,LTD. Stock Forecast
Stronger technical forecast for HOKKO CHEMICAL INDUSTRY CO.,LTD. stock price after Thursday trading.
(Updated on Apr 25, 2024)
The HOKKO CHEMICAL INDUSTRY CO.,LTD. stock price fell by -2.94% on the last day (Thursday, 25th Apr 2024) from JP¥1,563.00 to JP¥1,517.00. During the last trading day the stock fluctuated 3.84% from a day low at JP¥1,510.00 to a day high of JP¥1,568.00. The price has risen in 6 of the last 10 days and is up by 8.82% 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 -19 thousand shares and in total, 234 thousand shares were bought and sold for approximately JP¥354.52 million.
The stock lies in the middle of a wide and strong 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 42.81% during the next 3 months and, with a 90% probability hold a price between JP¥1,934.83 and JP¥2,243.16 at the end of this 3-month period.
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4992.T Signals & Forecast
The HOKKO CHEMICAL INDUSTRY CO.,LTD. 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¥1,484.00 and JP¥1,303.80. 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 Wednesday, April 24, 2024, and so far it has fallen -2.94%. 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. The stock had a Golden Star Signal on Wednesday, February 14, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 14, 2024 in the short-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 HOKKO CHEMICAL INDUSTRY CO.,LTD. stock
HOKKO CHEMICAL INDUSTRY CO.,LTD. finds support from accumulated volume at JP¥1,461.00 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¥58.00 between high and low, or 3.84%. For the last week, the stock has had daily average volatility of 4.17%.
Our recommended stop-loss: JP¥1,446.64 (-4.64%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (4992.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect HOKKO CHEMICAL INDUSTRY CO.,LTD. to open at JP¥1,531.67, and during the day (based on 14 day Average True Range), to move between JP¥1,456.06 and JP¥1,577.94, which gives a possible trading interval of +/-JP¥60.94 (+/-4.02%) up or down from last closing price. If HOKKO CHEMICAL INDUSTRY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 8.03% 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¥1,563.00 (3.03%) than the support at JP¥1,461.00 (3.69%), 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 HOKKO CHEMICAL INDUSTRY CO.,LTD. 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 HOKKO CHEMICAL INDUSTRY CO.,LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.251 Buy Candidate Upgraded
Predicted Opening Price for HOKKO CHEMICAL INDUSTRY CO.,LTD. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
JP¥1,531.67 ( 0.97%) | JP¥1,517.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4992.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,589.67 | 4.79 % | |
R2 | 1,567.51 | 3.33 % | ||
R1 | 1,553.82 | 2.43 % | ||
Current price: | 1,517.00 | |||
Support | S1 | 1,509.51 | -0.494 % | |
S2 | 1,495.82 | -1.40 % | ||
S3 | 1,473.67 | -2.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 1,563.00 | 3.03 % | ||
Current price | 1,517.00 | |||
Support | S1 | 1,461.00 | -3.69% | |
S2 | 1,457.00 | -3.96% | ||
S3 | 1,270.00 | -16.28% |
4992 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥0 | 0% |
2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥12.00 | 1.32% |
3 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥11.00 | 1.22% |
4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥10.00 | 0.98% |
5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥10.00 | 1.18% |
FAQ
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