HOCHIKI CORPORATION Stock Forecast
HOCHIKI CORPORATION stock price took a fall of -5.95% on Wednesday
(Updated on May 08, 2024)
The HOCHIKI CORPORATION stock price fell by -5.95% on the last day (Wednesday, 8th May 2024) from JP¥2,453.00 to JP¥2,307.00. During the last trading day the stock fluctuated 7.13% from a day low at JP¥2,286.00 to a day high of JP¥2,449.00. The price has risen in 7 of the last 10 days and is up by 5.78% over the past 2 weeks. Volume has increased on the last day by 72 thousand 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, 119 thousand shares were bought and sold for approximately JP¥274.99 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.27% during the next 3 months and, with a 90% probability hold a price between JP¥2,317.67 and JP¥2,627.85 at the end of this 3-month period.
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6745.T Signals & Forecast
The HOCHIKI CORPORATION stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥2,385.71. On a fall, the stock will find some support from the long-term average at approximately JP¥2,248.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -7.42%. Further fall is indicated until a new bottom pivot has been found. 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 HOCHIKI CORPORATION stock
HOCHIKI CORPORATION finds support from accumulated volume at JP¥2,221.00 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¥163.00 between high and low, or 7.13%. For the last week, the stock has had daily average volatility of 3.57%.
Our recommended stop-loss: JP¥2,193.03 (-4.94%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (6745.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect HOCHIKI CORPORATION to open at JP¥2,347.33, and during the day (based on 14 day Average True Range), to move between JP¥2,240.22 and JP¥2,373.78, which gives a possible trading interval of +/-JP¥66.78 (+/-2.89%) up or down from last closing price. If HOCHIKI CORPORATION takes out the full calculated possible swing range there will be an estimated 5.79% 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¥2,221.00 (3.73%) than the resistance at JP¥2,419.00 (4.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HOCHIKI CORPORATION stock A Buy?
HOCHIKI 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. 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: 0.140 Hold/Accumulate Downgraded
Predicted Opening Price for HOCHIKI CORPORATION of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥2,347.33 ( 1.75%) | JP¥2,307.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6745.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,510.33 | 8.81 % | |
| R2 | 2,448.07 | 6.11 % | ||
| R1 | 2,409.60 | 4.45 % | ||
| Current price: | 2,307.00 | |||
| Support | S1 | 2,285.07 | -0.95 % | |
| S2 | 2,246.60 | -2.62 % | ||
| S3 | 2,184.33 | -5.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,492.00 | 8.02 % | |
| R2 | 2,453.00 | 6.33 % | ||
| R1 | 2,419.00 | 4.85 % | ||
| Current price | 2,307.00 | |||
| Support | S1 | 2,221.00 | -3.73% | |
| S2 | 2,189.00 | -5.11% | ||
| S3 | 2,183.00 | -5.37% |
6745 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥51.00 | 3.31% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥49.00 | 3.87% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥27.00 | 1.91% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥27.00 | 1.88% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥25.00 | 2.14% |
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