Howa Machinery,Ltd. Stock Forecast
Howa Machinery,Ltd. stock price down 1.73% on Wednesday
(Updated on Apr 17, 2024)
The Howa Machinery,Ltd. stock price fell by -1.73% on the last day (Wednesday, 17th Apr 2024) from JP¥807.00 to JP¥793.00. During the last trading day the stock fluctuated 1.89% from a day low at JP¥792.00 to a day high of JP¥807.00. The price has been going up and down for this period, and there has been a -1% loss for the last 2 weeks. Volume has increased on the last day by 25 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 84 thousand shares were bought and sold for approximately JP¥66.77 million.
Given the current short-term trend, the stock is expected to rise 10.27% during the next 3 months and, with a 90% probability hold a price between JP¥874.45 and JP¥949.12 at the end of this 3-month period.
6203.T Signals & Forecast
There are few to no technical positive signals at the moment. The Howa Machinery,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥814.71 and JP¥814.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -5.71%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Howa Machinery,Ltd. stock
Howa Machinery,Ltd. finds support from accumulated volume at JP¥778.00 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¥15.00 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6203.T) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Howa Machinery,Ltd. to open at JP¥797.33, and during the day (based on 14 day Average True Range), to move between JP¥776.76 and JP¥809.24, which gives a possible trading interval of +/-JP¥16.24 (+/-2.05%) up or down from last closing price. If Howa Machinery,Ltd. takes out the full calculated possible swing range there will be an estimated 4.10% 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¥807.00 (1.77%) than the support at JP¥778.00 (1.89%), 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 Howa Machinery,Ltd. stock A Buy?
The Howa Machinery,Ltd. stock holds several negative signals and despite the positive trend, we believe Howa Machinery,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.088 Sell Candidate Unchanged
Predicted Opening Price for Howa Machinery,Ltd. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| JP¥797.33 ( 0.546%) | JP¥793.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6203.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 812.33 | 2.44 % | |
| R2 | 806.60 | 1.72 % | ||
| R1 | 803.06 | 1.27 % | ||
| Current price: | 793.00 | |||
| Support | S1 | 791.60 | -0.176 % | |
| S2 | 788.06 | -0.623 % | ||
| S3 | 782.33 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 824.00 | 3.91 % | |
| R2 | 822.00 | 3.66 % | ||
| R1 | 807.00 | 1.77 % | ||
| Current price | 793.00 | |||
| Support | S1 | 778.00 | -1.89% | |
| S2 | 770.00 | -2.90% | ||
| S3 | 769.00 | -3.03% |
6203 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 2.26% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.49% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥20.00 | 2.27% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥20.00 | 3.14% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥20.00 | 2.01% |
FAQ
Click here for our free guide on how to buy Howa Machinery,Ltd. Stock.
