HANDSMAN CO.,LTD Stock Forecast
Green day on Tuesday for HANDSMAN CO.,LTD stock after gaining 0.216%
(Updated on Jun 25, 2024)
The HANDSMAN CO.,LTD stock price gained 0.216% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥927.00 to JP¥929.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.87% from a day low at JP¥924.00 to a day high of JP¥932.00. The price has risen in 9 of the last 10 days and is up by 3.57% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 12 thousand shares were bought and sold for approximately JP¥10.96 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥931.35 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.67% during the next 3 months and, with a 90% probability hold a price between JP¥816.66 and JP¥859.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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7636.T Signals & Forecast
The HANDSMAN CO.,LTD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥916.14 and JP¥927.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 3.57%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for HANDSMAN CO.,LTD stock
HANDSMAN CO.,LTD finds support from accumulated volume at JP¥925.00 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¥8.00 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 0.94%.
Since the HANDSMAN CO.,LTD has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: JP¥887.16 (-4.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (7636.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect HANDSMAN CO.,LTD to open at JP¥928.33, and during the day (based on 14 day Average True Range), to move between JP¥918.97 and JP¥939.03, which gives a possible trading interval of +/-JP¥10.03 (+/-1.08%) up or down from last closing price. If HANDSMAN CO.,LTD takes out the full calculated possible swing range there will be an estimated 2.16% 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¥925.00 (0.43%) than the resistance at JP¥951.00 (2.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HANDSMAN CO.,LTD stock A Buy?
HANDSMAN CO.,LTD 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for HANDSMAN CO.,LTD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥928.33 ( 0.0718%) | JP¥929.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7636.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 936.33 | 0.789% |
| R2 | 933.28 | 0.460% |
| R1 | 931.39 | 0.257% |
| Price | 929.00 | |
| S1 | 925.28 | -0.401% |
| S2 | 923.39 | -0.604% |
| S3 | 920.33 | -0.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 969.00 | 4.31% |
| R2 | 955.00 | 2.80% |
| R1 | 951.00 | 2.37% |
| Price | 929.00 | |
| S1 | 925.00 | -0.431% |
| S2 | 919.00 | -1.08% |
| S3 | 907.00 | -2.37% |
7636 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥30.00 | 3.23% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥30.00 | 2.87% |
| 3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥30.00 | 3.11% |
| 4 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | JP¥30.00 | 1.86% |
| 5 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | JP¥28.00 | 1.91% |
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