HIOKI E.E.CORPORATION Stock Forecast
On Thursday, HIOKI E.E.CORPORATION stock price gained an impressive 6.91%
(Updated on May 02, 2024)
The HIOKI E.E.CORPORATION stock price gained 6.91% on the last trading day (Thursday, 2nd May 2024), rising from JP¥6,660.00 to JP¥7,120.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.17% from a day low at JP¥6,690.00 to a day high of JP¥7,170.00. The price has risen in 6 of the last 10 days and is up by 15.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 64 thousand more shares were traded than the day before. In total, 182 thousand shares were bought and sold for approximately JP¥1.30 billion.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥7,233.33 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect HIOKI E.E.CORPORATION stock with a 90% probability to be traded between JP¥5,953.88 and JP¥7,181.93 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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6866.T Signals & Forecast
The HIOKI E.E.CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥6,371.43 and JP¥6,825.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 18.67%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for HIOKI E.E.CORPORATION stock
HIOKI E.E.CORPORATION finds support from accumulated volume at JP¥7,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥480.00 between high and low, or 7.17%. For the last week, the stock has had daily average volatility of 4.33%.
Our recommended stop-loss: JP¥6,835.20 (-4.00%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (6866.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect HIOKI E.E.CORPORATION to open at JP¥6,993.33, and during the day (based on 14 day Average True Range), to move between JP¥6,875.14 and JP¥7,364.86, which gives a possible trading interval of +/-JP¥244.86 (+/-3.44%) up or down from last closing price. If HIOKI E.E.CORPORATION takes out the full calculated possible swing range there will be an estimated 6.88% 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¥7,130.00 (0.14%) than the support at JP¥7,000.00 (1.69%), 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 HIOKI E.E.CORPORATION stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for HIOKI E.E.CORPORATION stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.317 Buy Candidate Upgraded
Predicted Opening Price for HIOKI E.E.CORPORATION of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥6,993.33 ( 1.78%) | JP¥7,120.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6866.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,473.33 | 4.96 % | |
| R2 | 7,289.97 | 2.39 % | ||
| R1 | 7,176.69 | 0.796 % | ||
| Current price: | 7,120.00 | |||
| Support | S1 | 6,809.97 | -4.35 % | |
| S2 | 6,696.69 | -5.95 % | ||
| S3 | 6,513.33 | -8.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,220.00 | 1.40 % | |
| R2 | 7,160.00 | 0.562 % | ||
| R1 | 7,130.00 | 0.140 % | ||
| Current price | 7,120.00 | |||
| Support | S1 | 7,000.00 | -1.69% | |
| S2 | 6,430.00 | -9.69% | ||
| S3 | 6,150.00 | -13.62% |
6866 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥90.00 | 0.96% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥80.00 | 1.25% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥80.00 | 1.21% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥30.00 | 0.346% |
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