HIMARAYA Co.,Ltd. Stock Forecast

HIMARAYA Co.,Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)

7514.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.11%. 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 HIMARAYA 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¥914.29 and JP¥914.77. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The stock had a Golden Star Signal on Wednesday, May 01, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for HIMARAYA Co.,Ltd. stock

HIMARAYA Co.,Ltd. finds support from accumulated volume at JP¥913.00 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¥3.00 between high and low, or 0.329%. For the last week the stock has had daily average volatility of 0.461%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (7514.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect HIMARAYA Co.,Ltd. to open at JP¥913.67, and during the day (based on 14 day Average True Range), to move between JP¥909.59 and JP¥918.41, which gives a possible trading interval of +/-JP¥4.41 (+/-0.48%) up or down from last closing price. If HIMARAYA Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 0.97% 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¥913.00 (0.11%) than the resistance at JP¥917.00 (0.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HIMARAYA Co.,Ltd. stock A Buy?

HIMARAYA Co.,Ltd. holds several negative signals and is within a narrow 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: -1.704 Sell Candidate Downgraded

Predicted Opening Price for HIMARAYA Co.,Ltd. of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.