HIRAKAWA HEWTECH CORP. Stock Forecast
Evaluation of HIRAKAWA HEWTECH CORP. stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The HIRAKAWA HEWTECH CORP. stock price fell by -2.07% on the last day (Friday, 28th Jun 2024) from JP¥1,501.00 to JP¥1,470.00. During the last trading day the stock fluctuated 2.53% from a day low at JP¥1,464.00 to a day high of JP¥1,501.00. The price has been going up and down for this period, and there has been a -0.88% loss for the last 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 -13 thousand shares and in total, 11 thousand shares were bought and sold for approximately JP¥15.44 million.
The stock lies in the middle of a 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 15.15% during the next 3 months and, with a 90% probability hold a price between JP¥1,631.76 and JP¥1,753.11 at the end of this 3-month period.
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5821.T Signals & Forecast
The HIRAKAWA HEWTECH CORP. 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¥1,490.14. On a fall, the stock will find some support from the long-term average at approximately JP¥1,414.03. 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. 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, June 26, 2024, and so far it has fallen -3.03%. Further fall is indicated until a new bottom pivot has been found. 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 HIRAKAWA HEWTECH CORP. stock
HIRAKAWA HEWTECH CORP. finds support from accumulated volume at JP¥1,425.00 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¥37.00 (2.53%) between high and low. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: JP¥1,387.41 (-5.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (5821.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect HIRAKAWA HEWTECH CORP. to open at JP¥1,478.33, and during the day (based on 14 day Average True Range), to move between JP¥1,440.01 and JP¥1,499.99, which gives a possible trading interval of +/-JP¥29.99 (+/-2.04%) up or down from last closing price. If HIRAKAWA HEWTECH CORP. takes out the full calculated possible swing range there will be an estimated 4.08% 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¥1,483.00 (0.88%) than the support at JP¥1,425.00 (3.06%), 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 HIRAKAWA HEWTECH CORP. stock A Buy?
HIRAKAWA HEWTECH CORP. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.632 Hold/Accumulate Downgraded
Predicted Opening Price for HIRAKAWA HEWTECH CORP. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥1,478.33 ( 0.567%) | JP¥1,470.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5821.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,515.33 | 3.08% |
| R2 | 1,501.20 | 2.12% |
| R1 | 1,492.47 | 1.53% |
| Price | 1,470.00 | |
| S1 | 1,464.20 | -0.395% |
| S2 | 1,455.47 | -0.99% |
| S3 | 1,441.33 | -1.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,508.00 | 2.59% |
| R2 | 1,491.00 | 1.43% |
| R1 | 1,483.00 | 0.88% |
| Price | 1,470.00 | |
| S1 | 1,425.00 | -3.06% |
| S2 | 1,330.00 | -9.52% |
| S3 | 1,306.00 | -11.16% |
5821 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 | Jun 07, 2024 | JP¥18.00 | 1.26% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 08, 2023 | JP¥18.00 | 1.37% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥22.00 | 1.50% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥14.00 | 1.32% |
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