HORIBA,Ltd. Stock Forecast
Green day on Friday for HORIBA,Ltd. stock after gaining 0.87%
(Updated on Jun 14, 2024)
The HORIBA,Ltd. stock price gained 0.87% on the last trading day (Friday, 14th Jun 2024), rising from JP¥12,060.00 to JP¥12,165.00. During the last trading day the stock fluctuated 3.59% from a day low at JP¥11,825.00 to a day high of JP¥12,250.00. The price has fallen in 6 of the last 10 days and is down by -2.52% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 127 thousand more shares were traded than the day before. In total, 309 thousand shares were bought and sold for approximately JP¥3.76 billion.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥11,727.94 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -21.28% during the next 3 months and, with a 90% probability hold a price between JP¥9,232.15 and JP¥11,441.15 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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6856.T Signals & Forecast
There are mixed signals in the stock today. The HORIBA,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¥12,205.71 and JP¥13,652.57. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 0.95%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for HORIBA,Ltd. stock
HORIBA,Ltd. finds support from accumulated volume at JP¥12,160.00 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¥425.00 between high and low, or 3.59%. For the last week, the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6856.T) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect HORIBA,Ltd. to open at JP¥12,080.00, and during the day (based on 14 day Average True Range), to move between JP¥11,710.54 and JP¥12,619.46, which gives a possible trading interval of +/-JP¥454.46 (+/-3.74%) up or down from last closing price. If HORIBA,Ltd. takes out the full calculated possible swing range there will be an estimated 7.47% 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¥12,160.00 (0.04%) than the resistance at JP¥12,450.00 (2.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HORIBA,Ltd. stock A Buy?
HORIBA,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.177 Sell Candidate Unchanged
Predicted Opening Price for HORIBA,Ltd. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| JP¥12,080.00 ( 0.699%) | JP¥12,165.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6856.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12,505.00 | 2.79% |
| R2 | 12,342.65 | 1.46% |
| R1 | 12,242.35 | 0.636% |
| Price | 12,165.00 | |
| S1 | 11,917.65 | -2.03% |
| S2 | 11,817.35 | -2.86% |
| S3 | 11,655.00 | -4.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13,735.00 | 12.91% |
| R2 | 13,035.00 | 7.15% |
| R1 | 12,450.00 | 2.34% |
| Price | 12,165.00 | |
| S1 | 12,160.00 | -0.0411% |
| S2 | 12,060.00 | -0.86% |
| S3 | 12,050.00 | -0.95% |
6856 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥80.00 | 0.658% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 04, 2024 | JP¥210.00 | 1.42% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥80.00 | 0.99% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥180.00 | 3.15% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥65.00 | 1.08% |
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