Howtelevision,Inc. Stock Forecast
Weaker technical forecast for Howtelevision,Inc. as stock downgraded to Hold/Accumulate.
(Updated on May 13, 2024)
The Howtelevision,Inc. stock price gained 1.58% on the last trading day (Monday, 13th May 2024), rising from JP¥2,536.00 to JP¥2,576.00. During the last trading day the stock fluctuated 1.57% from a day low at JP¥2,541.00 to a day high of JP¥2,581.00. The price has risen in 6 of the last 10 days and is up by 0.66% 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, 700 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately JP¥4.89 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.31% during the next 3 months and, with a 90% probability hold a price between JP¥2,172.37 and JP¥2,847.70 at the end of this 3-month period.
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7064.T Signals & Forecast
The Howtelevision,Inc. 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¥2,525.43 and JP¥2,482.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 7.33%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Howtelevision,Inc. stock
Howtelevision,Inc. finds support from accumulated volume at JP¥2,560.00 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¥40.00 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: JP¥2,437.41 (-5.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (7064.T) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Howtelevision,Inc. to open at JP¥2,566.00, and during the day (based on 14 day Average True Range), to move between JP¥2,509.98 and JP¥2,642.02, which gives a possible trading interval of +/-JP¥66.02 (+/-2.56%) up or down from last closing price. If Howtelevision,Inc. takes out the full calculated possible swing range there will be an estimated 5.13% 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¥2,560.00 (0.62%) than the resistance at JP¥2,654.00 (3.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Howtelevision,Inc. stock A Buy?
Howtelevision,Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.845 Hold/Accumulate Downgraded
Predicted Opening Price for Howtelevision,Inc. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| JP¥2,566.00 ( 0.388%) | JP¥2,576.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7064.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,606.00 | 1.16 % | |
| R2 | 2,590.72 | 0.571 % | ||
| R1 | 2,581.28 | 0.205 % | ||
| Current price: | 2,576.00 | |||
| Support | S1 | 2,550.72 | -0.98 % | |
| S2 | 2,541.28 | -1.35 % | ||
| S3 | 2,526.00 | -1.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,195.00 | 24.03 % | |
| R2 | 3,030.00 | 17.62 % | ||
| R1 | 2,654.00 | 3.03 % | ||
| Current price | 2,576.00 | |||
| Support | S1 | 2,560.00 | -0.621% | |
| S2 | 2,529.00 | -1.82% | ||
| S3 | 2,463.00 | -4.39% |
FAQ
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