Japan Hospice Holdings Inc. Stock Forecast
Weaker technical forecast for Japan Hospice Holdings Inc. as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The Japan Hospice Holdings Inc. stock price fell by -2.82% on the last day (Thursday, 25th Apr 2024) from JP¥1,488.00 to JP¥1,446.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.77% from a day low at JP¥1,446.00 to a day high of JP¥1,486.00. The price has fallen in 6 of the last 10 days and is down by -5.49% for this period. 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 -5 thousand shares and in total, 81 thousand shares were bought and sold for approximately JP¥117.56 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥1,406.47, a level that may pose a second chance to hit a runner. According to fan-theory JP¥1,810.66 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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7061.T Signals & Forecast
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. The Japan Hospice Holdings Inc. 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¥1,486.57 and JP¥1,596.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -30.18%. 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 Japan Hospice Holdings Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥40.00 between high and low, or 2.77%. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7061.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Japan Hospice Holdings Inc. to open at JP¥1,459.33, and during the day (based on 14 day Average True Range), to move between JP¥1,389.11 and JP¥1,502.89, which gives a possible trading interval of +/-JP¥56.89 (+/-3.93%) up or down from last closing price. If Japan Hospice Holdings Inc. takes out the full calculated possible swing range there will be an estimated 7.87% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥1,651.00, some JP¥205.00 (14.18%) from the current price of JP¥1,446.00, our system finds the risk reward not very attractive.
Is Japan Hospice Holdings Inc. stock A Buy?
Japan Hospice Holdings Inc. holds several negative signals and is within a very wide 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.265 Sell Candidate Downgraded
Predicted Opening Price for Japan Hospice Holdings Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥1,459.33 ( 0.92%) | JP¥1,446.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7061.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,499.33 | 3.69 % | |
| R2 | 1,484.05 | 2.63 % | ||
| R1 | 1,474.61 | 1.98 % | ||
| Current price: | 1,446.00 | |||
| Support | S1 | 1,444.05 | -0.135 % | |
| S2 | 1,434.61 | -0.787 % | ||
| S3 | 1,419.33 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,767.00 | 22.20 % | |
| R2 | 1,752.00 | 21.16 % | ||
| R1 | 1,651.00 | 14.18 % | ||
| Current price | 1,446.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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