Harmonic Drive Systems Inc. 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
Stronger technical forecast for Harmonic Drive Systems Inc. stock price after Friday trading.
(Updated on May 31, 2024)
The Harmonic Drive Systems Inc. stock price gained 4.13% on the last trading day (Friday, 31st May 2024), rising from JP¥4,000.00 to JP¥4,165.00. During the last trading day the stock fluctuated 5.01% from a day low at JP¥3,990.00 to a day high of JP¥4,190.00. The price has fallen in 6 of the last 10 days and is down by -0.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 142 thousand more shares were traded than the day before. In total, 467 thousand shares were bought and sold for approximately JP¥1.94 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.68% during the next 3 months and, with a 90% probability hold a price between JP¥3,407.35 and JP¥4,083.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6324.T Signals & Forecast
The Harmonic Drive Systems Inc. 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¥4,020.71 and JP¥4,020.57. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.03%. 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).
Support, Risk & Stop-loss for Harmonic Drive Systems Inc. stock
Harmonic Drive Systems Inc. finds support from accumulated volume at JP¥4,135.00 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¥200.00 between high and low, or 5.01%. For the last week, the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: JP¥3,976.61 (-4.52%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (6324.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Harmonic Drive Systems Inc. to open at JP¥4,115.00, and during the day (based on 14 day Average True Range), to move between JP¥3,994.91 and JP¥4,335.09, which gives a possible trading interval of +/-JP¥170.09 (+/-4.08%) up or down from last closing price. If Harmonic Drive Systems Inc. takes out the full calculated possible swing range there will be an estimated 8.17% 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¥4,135.00 (0.72%) than the resistance at JP¥4,205.00 (0.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Harmonic Drive Systems Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.187 Buy Candidate Upgraded
Predicted Opening Price for Harmonic Drive Systems Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥4,115.00 ( 1.20%) | JP¥4,165.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6324.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,315.00 | 3.60 % | |
| R2 | 4,238.60 | 1.77 % | ||
| R1 | 4,191.40 | 0.634 % | ||
| Current price: | 4,165.00 | |||
| Support | S1 | 4,038.60 | -3.03 % | |
| S2 | 3,991.40 | -4.17 % | ||
| S3 | 3,915.00 | -6.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,295.00 | 3.12 % | |
| R2 | 4,255.00 | 2.16 % | ||
| R1 | 4,205.00 | 0.96 % | ||
| Current price | 4,165.00 | |||
| Support | S1 | 4,135.00 | -0.720% | |
| S2 | 4,015.00 | -3.60% | ||
| S3 | 3,990.00 | -4.20% |
6324 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¥17.00 | 0.399% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥11.00 | 0.244% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥11.00 | 0.265% |
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