Hitachi Construction Machinery Co.,Ltd. Stock Forecast
Hitachi Construction Machinery Co.,Ltd. stock price fell more than -5.67% Thursday closing at JP¥4,394.00
(Updated on Apr 25, 2024)
The Hitachi Construction Machinery Co.,Ltd. stock price fell by -5.67% on the last day (Thursday, 25th Apr 2024) from JP¥4,658.00 to JP¥4,394.00. During the last trading day the stock fluctuated 7.08% from a day low at JP¥4,380.00 to a day high of JP¥4,690.00. The price has been going up and down for this period, and there has been a -9.2% loss for the last 2 weeks. Volume has increased on the last day by 1 million 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, 2 million shares were bought and sold for approximately JP¥10.55 billion.
Given the current short-term trend, the stock is expected to rise 15.71% during the next 3 months and, with a 90% probability hold a price between JP¥5,084.29 and JP¥5,726.66 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6305.T Signals & Forecast
There are few to no technical positive signals at the moment. The Hitachi Construction Machinery Co.,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¥4,530.29 and JP¥4,561.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -9.20%. 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 Hitachi Construction Machinery Co.,Ltd. stock
Hitachi Construction Machinery Co.,Ltd. finds support from accumulated volume at JP¥4,234.00 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¥310.00 (7.08%) between high and low. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6305.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Hitachi Construction Machinery Co.,Ltd. to open at JP¥4,488.00, and during the day (based on 14 day Average True Range), to move between JP¥4,262.35 and JP¥4,525.65, which gives a possible trading interval of +/-JP¥131.65 (+/-3.00%) up or down from last closing price. If Hitachi Construction Machinery Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.99% 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¥4,402.00 (0.18%) than the support at JP¥4,234.00 (3.64%), 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 Hitachi Construction Machinery Co.,Ltd. stock A Buy?
The Hitachi Construction Machinery Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Hitachi Construction Machinery Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Sell candidate.
Current score: -2.348 Sell Candidate Downgraded
Predicted Opening Price for Hitachi Construction Machinery Co.,Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥4,488.00 ( 2.14%) | JP¥4,394.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6305.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,798.00 | 9.19 % | |
| R2 | 4,679.58 | 6.50 % | ||
| R1 | 4,606.42 | 4.83 % | ||
| Current price: | 4,394.00 | |||
| Support | S1 | 4,369.58 | -0.556 % | |
| S2 | 4,296.42 | -2.22 % | ||
| S3 | 4,178.00 | -4.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,768.00 | 8.51 % | |
| R2 | 4,587.00 | 4.39 % | ||
| R1 | 4,402.00 | 0.182 % | ||
| Current price | 4,394.00 | |||
| Support | S1 | 4,234.00 | -3.64% | |
| S2 | 4,201.00 | -4.39% | ||
| S3 | 3,950.00 | -10.10% |
6305 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥60.00 | 1.97% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥50.00 | 1.84% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥65.00 | 2.01% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥45.00 | 1.41% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥10.00 | 0.275% |
FAQ
Click here for our free guide on how to buy Hitachi Construction Machinery Co.,Ltd. Stock.
