H-ONE CO.,LTD. Stock Forecast
Green day on Friday for H-ONE CO.,LTD.
(Updated on May 17, 2024)
The H-ONE CO.,LTD. stock price gained 3.15% on the last trading day (Friday, 17th May 2024), rising from JP¥763.00 to JP¥787.00. During the last trading day the stock fluctuated 4.09% from a day low at JP¥758.00 to a day high of JP¥789.00. The price has risen in 7 of the last 10 days and is up by 15.23% over the past 2 weeks. Volume fell on the last day by -76 thousand shares and in total, 161 thousand shares were bought and sold for approximately JP¥126.86 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 has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥740.32, a level that may pose a second chance to hit a runner. According to fan-theory JP¥805.41 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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5989.T Signals & Forecast
The H-ONE 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¥733.29 and JP¥700.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 17.81%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for H-ONE CO.,LTD. stock
H-ONE CO.,LTD. finds support from accumulated volume at JP¥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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥31.00 between high and low, or 4.09%. For the last week, the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: JP¥756.06 (-3.93%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (5989.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect H-ONE CO.,LTD. to open at JP¥778.00, and during the day (based on 14 day Average True Range), to move between JP¥767.31 and JP¥806.69, which gives a possible trading interval of +/-JP¥19.69 (+/-2.50%) up or down from last closing price. If H-ONE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.00% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥774.00, some JP¥13.00 (1.65%) from the current price of JP¥787.00, our system finds the risk reward attractive.
Is H-ONE CO.,LTD. stock A Buy?
H-ONE CO.,LTD. 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for H-ONE CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥778.00 ( 1.14%) | JP¥787.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5989.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 809.00 | 2.80 % | |
| R2 | 797.16 | 1.29 % | ||
| R1 | 789.84 | 0.361 % | ||
| Current price: | 787.00 | |||
| Support | S1 | 766.16 | -2.65 % | |
| S2 | 758.84 | -3.58 % | ||
| S3 | 747.00 | -5.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 787.00 | |||
| Support | S1 | 774.00 | -1.65% | |
| S2 | 710.00 | -9.78% | ||
| S3 | 679.00 | -13.72% |
5989 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¥7.00 | 1.12% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥13.00 | 2.23% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥12.00 | 1.91% |
FAQ
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