HARADA INDUSTRY CO.,LTD. Stock Forecast
HARADA INDUSTRY CO.,LTD. stock price ended at JP¥688.00 on Wednesday, after gaining 0.146%.
(Updated on May 08, 2024)
The HARADA INDUSTRY CO.,LTD. stock price gained 0.146% on the last trading day (Wednesday, 8th May 2024), rising from JP¥687.00 to JP¥688.00. During the last trading day the stock fluctuated 0.292% from a day low at JP¥686.00 to a day high of JP¥688.00. The price has fallen in 5 of the last 10 days and is down by -0.58% for this period. Volume fell on the last day by -7 thousand shares and in total, 23 thousand shares were bought and sold for approximately JP¥15.96 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥684.19 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.11% during the next 3 months and, with a 90% probability hold a price between JP¥615.00 and JP¥640.05 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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6904.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.146%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HARADA INDUSTRY CO.,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¥690.29 and JP¥715.03. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for HARADA INDUSTRY CO.,LTD. stock
HARADA INDUSTRY CO.,LTD. finds support from accumulated volume at JP¥687.00 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¥2.00 between high and low, or 0.292%. For the last week the stock has had daily average volatility of 0.466%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6904.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect HARADA INDUSTRY CO.,LTD. to open at JP¥687.33, and during the day (based on 14 day Average True Range), to move between JP¥683.43 and JP¥692.57, which gives a possible trading interval of +/-JP¥4.57 (+/-0.66%) up or down from last closing price. If HARADA INDUSTRY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.33% 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¥687.00 (0.15%) than the resistance at JP¥748.00 (8.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
HARADA INDUSTRY CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for HARADA INDUSTRY CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0.787% in the first trading day after earnings release.
Is HARADA INDUSTRY CO.,LTD. stock A Buy?
HARADA INDUSTRY CO.,LTD. holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.104 Sell Candidate Unchanged
Predicted Opening Price for HARADA INDUSTRY CO.,LTD. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥687.33 ( 0.0969%) | JP¥688.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6904.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 689.33 | 0.194 % | |
| R2 | 688.57 | 0.0828 % | ||
| R1 | 688.10 | 0.0141 % | ||
| Current price: | 688.00 | |||
| Support | S1 | 686.57 | -0.208 % | |
| S2 | 686.10 | -0.277 % | ||
| S3 | 685.33 | -0.388 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 751.00 | 9.16 % | |
| R2 | 750.00 | 9.01 % | ||
| R1 | 748.00 | 8.72 % | ||
| Current price | 688.00 | |||
| Support | S1 | 687.00 | -0.145% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
6904 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 0.598% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.505% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥5.00 | 0.557% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥7.50 | 0.90% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥7.50 | 0.87% |
FAQ
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