Heiwa Corporation Stock Forecast
Heiwa Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The Heiwa Corporation stock price gained 1.15% on the last trading day (Friday, 31st May 2024), rising from JP¥1,993.00 to JP¥2,016.00. During the last trading day the stock fluctuated 1.36% from a day low at JP¥1,992.00 to a day high of JP¥2,019.00. The price has fallen in 5 of the last 10 days and is down by -0.88% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 94 thousand more shares were traded than the day before. In total, 221 thousand shares were bought and sold for approximately JP¥445.74 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Heiwa Corporation stock with a 90% probability to be traded between JP¥1,844.67 and JP¥2,026.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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6412.T Signals & Forecast
The Heiwa Corporation 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¥1,998.71 and JP¥1,977.03. 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 Tuesday, May 14, 2024, and so far it has fallen -2.89%. 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 Heiwa Corporation stock
Heiwa Corporation finds support from accumulated volume at JP¥1,980.00 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¥27.00 between high and low, or 1.36%. For the last week the stock has had daily average volatility of 1.06%.
Our recommended stop-loss: JP¥1,920.03 (-4.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (6412.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Heiwa Corporation to open at JP¥2,009.00, and during the day (based on 14 day Average True Range), to move between JP¥1,991.01 and JP¥2,040.99, which gives a possible trading interval of +/-JP¥24.99 (+/-1.24%) up or down from last closing price. If Heiwa Corporation takes out the full calculated possible swing range there will be an estimated 2.48% 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¥2,052.00 (1.79%) than the support at JP¥1,980.00 (1.79%), 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 Heiwa Corporation stock A Buy?
Heiwa Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.633 Hold/Accumulate Upgraded
Predicted Opening Price for Heiwa Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥2,009.00 ( 0.347%) | JP¥2,016.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6412.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,036.00 | 0.99 % | |
| R2 | 2,025.69 | 0.480 % | ||
| R1 | 2,019.31 | 0.164 % | ||
| Current price: | 2,016.00 | |||
| Support | S1 | 1,998.69 | -0.86 % | |
| S2 | 1,992.31 | -1.17 % | ||
| S3 | 1,982.00 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,057.00 | 2.03 % | |
| R2 | 2,055.00 | 1.93 % | ||
| R1 | 2,052.00 | 1.79 % | ||
| Current price | 2,016.00 | |||
| Support | S1 | 1,980.00 | -1.79% | |
| S2 | 1,977.00 | -1.93% | ||
| S3 | 1,955.00 | -3.03% |
6412 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¥40.00 | 1.52% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 1.78% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥40.00 | 2.15% |
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