HAMAMATSU PHOTONICS K.K. Stock Forecast
HAMAMATSU PHOTONICS K.K. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The HAMAMATSU PHOTONICS K.K. stock price fell by -0.81% on the last day (Thursday, 2nd May 2024) from JP¥5,767.00 to JP¥5,720.00. During the last trading day the stock fluctuated 0.95% from a day low at JP¥5,709.00 to a day high of JP¥5,763.00. The price has been going up and down for this period, and there has been a 0.88% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -26 thousand shares and in total, 223 thousand shares were bought and sold for approximately JP¥1.28 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¥5,814.82 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect HAMAMATSU PHOTONICS K.K. stock with a 90% probability to be traded between JP¥5,362.68 and JP¥5,929.61 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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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¥5,711.43 and JP¥5,492.06. 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 30, 2024, and so far it has fallen -1.57%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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¥54.00 between high and low, or 0.95%. For the last week, the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: JP¥5,469.25 (-4.38%) (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 (6965.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect HAMAMATSU PHOTONICS K.K. to open at JP¥5,730.67, and during the day (based on 14 day Average True Range), to move between JP¥5,603.83 and JP¥5,836.17, which gives a possible trading interval of +/-JP¥116.17 (+/-2.03%) 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 4.06% 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¥5,723.00 (0.05%) than the support at JP¥5,576.00 (2.52%), 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.
Earnings coming up
HAMAMATSU PHOTONICS K.K. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $74.30. We will update the financials statements for HAMAMATSU PHOTONICS K.K., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.71% in the first trading day after earnings release.
Is HAMAMATSU PHOTONICS K.K. 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 HAMAMATSU PHOTONICS K.K. 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: 1.705 Buy Candidate Upgraded
Predicted Opening Price for HAMAMATSU PHOTONICS K.K. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥5,730.67 ( 0.186%) | JP¥5,720.00 |
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 | 5,784.67 | 1.13 % | |
| R2 | 5,764.04 | 0.770 % | ||
| R1 | 5,751.29 | 0.547 % | ||
| Current price: | 5,720.00 | |||
| Support | S1 | 5,710.04 | -0.174 % | |
| S2 | 5,697.29 | -0.397 % | ||
| S3 | 5,676.67 | -0.758 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,811.00 | 1.59 % | |
| R2 | 5,729.00 | 0.157 % | ||
| R1 | 5,723.00 | 0.0524 % | ||
| Current price | 5,720.00 | |||
| Support | S1 | 5,576.00 | -2.52% | |
| S2 | 5,344.00 | -6.57% | ||
| S3 | 5,232.00 | -8.53% |
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
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