TECHNO HORIZON HOLDINGS CO.,LTD. Stock Forecast
Weaker technical forecast for TECHNO HORIZON HOLDINGS CO.,LTD. as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The TECHNO HORIZON HOLDINGS CO.,LTD. stock price fell by -1.18% on the last day (Friday, 28th Jun 2024) from JP¥507.00 to JP¥501.00. During the last trading day the stock fluctuated 1.80% from a day low at JP¥501.00 to a day high of JP¥510.00. The price has risen in 6 of the last 10 days and is up by 2.45% over the past 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 -49 thousand shares and in total, 36 thousand shares were bought and sold for approximately JP¥17.84 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TECHNO HORIZON HOLDINGS CO.,LTD. stock with a 90% probability to be traded between JP¥453.60 and JP¥540.63 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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6629.T Signals & Forecast
The TECHNO HORIZON HOLDINGS CO.,LTD. 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¥496.14 and JP¥491.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 TECHNO HORIZON HOLDINGS CO.,LTD. stock
TECHNO HORIZON HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥500.00 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¥9.00 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: JP¥478.46 (-4.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (6629.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect TECHNO HORIZON HOLDINGS CO.,LTD. to open at JP¥504.00, and during the day (based on 14 day Average True Range), to move between JP¥492.26 and JP¥509.74, which gives a possible trading interval of +/-JP¥8.74 (+/-1.74%) up or down from last closing price. If TECHNO HORIZON HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.49% 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¥500.00 (0.20%) than the resistance at JP¥524.00 (4.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TECHNO HORIZON HOLDINGS CO.,LTD. stock A Buy?
TECHNO HORIZON HOLDINGS CO.,LTD. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.657 Hold/Accumulate Downgraded
Predicted Opening Price for TECHNO HORIZON HOLDINGS CO.,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥504.00 ( 0.599%) | JP¥501.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6629.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 513.00 | 2.40% |
| R2 | 509.56 | 1.71% |
| R1 | 507.44 | 1.29% |
| Price | 501.00 | |
| S1 | 500.56 | -0.0874% |
| S2 | 498.44 | -0.511% |
| S3 | 495.00 | -1.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 550.00 | 9.78% |
| R2 | 526.00 | 4.99% |
| R1 | 524.00 | 4.59% |
| Price | 501.00 | |
| S1 | 500.00 | -0.200% |
| S2 | 497.00 | -0.798% |
| S3 | 493.00 | -1.60% |
6629 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥10.00 | 2.07% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 4.68% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.72% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥5.00 | 0.435% |
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