HIRATA Corporation Stock Forecast
HIRATA Corporation stock price ended at JP¥7,000.00 on Thursday, after losing 0.427%.
(Updated on May 02, 2024)
The HIRATA Corporation stock price fell by -0.427% on the last day (Thursday, 2nd May 2024) from JP¥7,030.00 to JP¥7,000.00. During the last trading day the stock fluctuated 1.01% from a day low at JP¥6,960.00 to a day high of JP¥7,030.00. The price has been going up and down for this period, and there has been a -1.41% 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 -3 thousand shares and in total, 46 thousand shares were bought and sold for approximately JP¥322.00 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥6,873.51 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.82% during the next 3 months and, with a 90% probability hold a price between JP¥6,542.50 and JP¥7,838.05 at the end of this 3-month period.
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6258.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.01%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HIRATA Corporation 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¥7,018.57 and JP¥7,506.29. A break-up above any of these levels will issue buy signals. 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 HIRATA Corporation stock
HIRATA Corporation finds support from accumulated volume at JP¥6,990.00 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¥70.00 between high and low, or 1.01%. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: JP¥6,571.77 (-6.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (6258.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect HIRATA Corporation to open at JP¥6,996.67, and during the day (based on 14 day Average True Range), to move between JP¥6,796.59 and JP¥7,203.41, which gives a possible trading interval of +/-JP¥203.41 (+/-2.91%) up or down from last closing price. If HIRATA Corporation takes out the full calculated possible swing range there will be an estimated 5.81% 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¥6,990.00 (0.14%) than the resistance at JP¥7,590.00 (8.43%), 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
HIRATA Corporation will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for HIRATA Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.70% in the first trading day after earnings release.
Is HIRATA Corporation stock A Buy?
HIRATA Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.911 Hold/Accumulate Unchanged
Predicted Opening Price for HIRATA Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥6,996.67 ( 0.0476%) | JP¥7,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6258.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,066.67 | 0.95 % | |
| R2 | 7,039.93 | 0.570 % | ||
| R1 | 7,023.41 | 0.334 % | ||
| Current price: | 7,000.00 | |||
| Support | S1 | 6,969.93 | -0.430 % | |
| S2 | 6,953.41 | -0.666 % | ||
| S3 | 6,926.67 | -1.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,870.00 | 12.43 % | |
| R2 | 7,650.00 | 9.29 % | ||
| R1 | 7,590.00 | 8.43 % | ||
| Current price | 7,000.00 | |||
| Support | S1 | 6,990.00 | -0.143% | |
| S2 | 6,980.00 | -0.286% | ||
| S3 | 6,930.00 | -1.00% |
6258 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥90.00 | 1.33% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥65.00 | 1.19% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥65.00 | 0.94% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥40.00 | 0.83% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥125.00 | 1.69% |
FAQ
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