HAMAMATSU PHOTONICS K.K. Stock Forecast
Red day on Thursday for HAMAMATSU PHOTONICS K.K. stock after losing 0.84%
(Updated on Apr 25, 2024)
The HAMAMATSU PHOTONICS K.K. stock price fell by -0.84% on the last day (Thursday, 25th Apr 2024) from JP¥5,720.00 to JP¥5,672.00. During the last trading day the stock fluctuated 1.36% from a day low at JP¥5,642.00 to a day high of JP¥5,719.00. The price has risen in 6 of the last 10 days and is up by 2.64% over the past 2 weeks. Volume has increased on the last day by 66 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, 434 thousand shares were bought and sold for approximately JP¥2.46 billion.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥5,698.27 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.64% during the next 3 months and, with a 90% probability hold a price between JP¥4,902.62 and JP¥5,490.64 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6965.T Signals & Forecast
The HAMAMATSU PHOTONICS K.K. 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¥5,615.57 and JP¥5,438.57. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 16, 2024, and so far it has fallen -0.89%. 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 HAMAMATSU PHOTONICS K.K. stock
HAMAMATSU PHOTONICS K.K. finds support from accumulated volume at JP¥5,576.00 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¥77.00 between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: JP¥5,510.25 (-2.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (6965.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect HAMAMATSU PHOTONICS K.K. to open at JP¥5,677.67, and during the day (based on 14 day Average True Range), to move between JP¥5,545.63 and JP¥5,798.37, which gives a possible trading interval of +/-JP¥126.37 (+/-2.23%) up or down from last closing price. If HAMAMATSU PHOTONICS K.K. takes out the full calculated possible swing range there will be an estimated 4.46% 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¥5,677.00 (0.09%) than the support at JP¥5,576.00 (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 HAMAMATSU PHOTONICS K.K. stock A Buy?
HAMAMATSU PHOTONICS K.K. 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.
Current score: 0.231 Hold/Accumulate Unchanged
Predicted Opening Price for HAMAMATSU PHOTONICS K.K. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥5,677.67 ( 0.0999%) | JP¥5,672.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6965.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,754.67 | 1.46 % | |
| R2 | 5,725.25 | 0.94 % | ||
| R1 | 5,707.08 | 0.618 % | ||
| Current price: | 5,672.00 | |||
| Support | S1 | 5,648.25 | -0.419 % | |
| S2 | 5,630.08 | -0.739 % | ||
| S3 | 5,600.67 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,729.00 | 1.00 % | |
| R2 | 5,680.00 | 0.141 % | ||
| R1 | 5,677.00 | 0.0882 % | ||
| Current price | 5,672.00 | |||
| Support | S1 | 5,576.00 | -1.69% | |
| S2 | 5,344.00 | -5.78% | ||
| S3 | 5,232.00 | -7.76% |
6965 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥38.00 | 0.540% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 0.631% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥32.00 | 0.487% |
FAQ
Click here for our free guide on how to buy HAMAMATSU PHOTONICS K.K. Stock.
