Hitachi Construction Machinery Co.,Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Hitachi Construction Machinery Co.,Ltd. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)
The Hitachi Construction Machinery Co.,Ltd. stock price fell by -0.135% on the last day (Thursday, 2nd May 2024) from JP¥4,437.00 to JP¥4,431.00. During the last trading day the stock fluctuated 1.53% from a day low at JP¥4,392.00 to a day high of JP¥4,459.00. The price has been going up and down for this period, and there has been a -2.38% 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 -327 thousand shares and in total, 682 thousand shares were bought and sold for approximately JP¥3.02 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥4,390.36 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.18% during the next 3 months and, with a 90% probability hold a price between JP¥4,881.39 and JP¥5,511.77 at the end of this 3-month period.
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6305.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.51%. 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 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¥4,481.43 and JP¥4,574.23. 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 Hitachi Construction Machinery Co.,Ltd. stock
Hitachi Construction Machinery Co.,Ltd. finds support from accumulated volume at JP¥4,402.00 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¥67.00 between high and low, or 1.53%. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: JP¥4,172.85 (-5.83%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (6305.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Hitachi Construction Machinery Co.,Ltd. to open at JP¥4,427.33, and during the day (based on 14 day Average True Range), to move between JP¥4,300.45 and JP¥4,561.55, which gives a possible trading interval of +/-JP¥130.55 (+/-2.95%) 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 5.89% 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¥4,402.00 (0.65%) than the resistance at JP¥4,538.00 (2.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hitachi Construction Machinery Co.,Ltd. stock A Buy?
Hitachi Construction Machinery Co.,Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.593 Hold/Accumulate Upgraded
Predicted Opening Price for Hitachi Construction Machinery Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥4,427.33 ( 0.0828%) | JP¥4,431.00 |
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 | 4,494.33 | 1.43 % | |
| R2 | 4,468.74 | 0.85 % | ||
| R1 | 4,452.93 | 0.495 % | ||
| Current price: | 4,431.00 | |||
| Support | S1 | 4,401.74 | -0.660 % | |
| S2 | 4,385.93 | -1.02 % | ||
| S3 | 4,360.33 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,768.00 | 7.61 % | |
| R2 | 4,587.00 | 3.52 % | ||
| R1 | 4,538.00 | 2.41 % | ||
| Current price | 4,431.00 | |||
| Support | S1 | 4,402.00 | -0.654% | |
| S2 | 4,394.00 | -0.84% | ||
| S3 | 4,201.00 | -5.19% |
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
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