HOUSE OF ROSE Co.,Ltd. Stock Forecast
HOUSE OF ROSE Co.,Ltd. stock upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)
The HOUSE OF ROSE Co.,Ltd. stock price fell by -0.125% on the last day (Friday, 19th Apr 2024) from JP¥1,598.00 to JP¥1,596.00. During the last trading day the stock fluctuated 0.251% from a day low at JP¥1,595.00 to a day high of JP¥1,599.00. The price has fallen in 5 of the last 10 days and is down by -0.31% for this period. Volume has increased on the last day by 900 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, 3 thousand shares were bought and sold for approximately JP¥4.79 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥1,595.67 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect HOUSE OF ROSE Co.,Ltd. stock with a 90% probability to be traded between JP¥1,586.06 and JP¥1,648.22 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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7506.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The HOUSE OF ROSE 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¥1,599.29 and JP¥1,622.91. A break-up above any of these levels will issue buy signals. 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 HOUSE OF ROSE Co.,Ltd. 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.
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¥4.00 between high and low, or 0.251%. For the last week the stock has had daily average volatility of 0.188%.
Our recommended stop-loss: JP¥1,512.37 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (7506.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect HOUSE OF ROSE Co.,Ltd. to open at JP¥1,596.67, and during the day (based on 14 day Average True Range), to move between JP¥1,590.45 and JP¥1,601.55, which gives a possible trading interval of +/-JP¥5.55 (+/-0.35%) up or down from last closing price. If HOUSE OF ROSE Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 0.70% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥1,600.00, some JP¥4.00 (0.25%) from the current price of JP¥1,596.00, our system finds the risk reward not very attractive.
Is HOUSE OF ROSE Co.,Ltd. stock A Buy?
HOUSE OF ROSE Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.508 Hold/Accumulate Upgraded
Predicted Opening Price for HOUSE OF ROSE Co.,Ltd. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥1,596.67 ( 0.0418%) | JP¥1,596.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7506.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,600.67 | 0.292 % | |
| R2 | 1,599.14 | 0.197 % | ||
| R1 | 1,598.19 | 0.138 % | ||
| Current price: | 1,596.00 | |||
| Support | S1 | 1,595.14 | -0.0540 % | |
| S2 | 1,594.19 | -0.113 % | ||
| S3 | 1,592.67 | -0.209 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,661.00 | 4.07 % | |
| R2 | 1,601.00 | 0.313 % | ||
| R1 | 1,600.00 | 0.251 % | ||
| Current price | 1,596.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
7506 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥12.50 | 0.778% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥12.50 | 0.772% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥12.50 | 0.776% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥12.50 | 0.741% |
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