HOYA CORPORATION Stock Forecast
Green day on Friday for HOYA CORPORATION
(Updated on May 10, 2024)
The HOYA CORPORATION stock price gained 0.277% on the last trading day (Friday, 10th May 2024), rising from JP¥18,050.00 to JP¥18,100.00. During the last trading day the stock fluctuated 1.86% from a day low at JP¥18,010.00 to a day high of JP¥18,345.00. The price has been going up and down for this period, and there has been a 3.16% gain for the last 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 587 thousand shares were bought and sold for approximately JP¥10.63 billion. 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 in the middle of a 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 -7.29% during the next 3 months and, with a 90% probability hold a price between JP¥15,293.36 and JP¥17,623.50 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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7741.T Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HOYA CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥18,264.29 and JP¥18,207.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -3.13%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Thursday, March 21, 2024 with a target of JP¥18,716.54. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for HOYA CORPORATION stock
HOYA CORPORATION finds support from accumulated volume at JP¥17,625.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥335.00 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 1.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7741.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect HOYA CORPORATION to open at JP¥18,151.67, and during the day (based on 14 day Average True Range), to move between JP¥17,652.57 and JP¥18,547.43, which gives a possible trading interval of +/-JP¥447.43 (+/-2.47%) up or down from last closing price. If HOYA CORPORATION takes out the full calculated possible swing range there will be an estimated 4.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥18,395.00 (1.63%) than the support at JP¥17,625.00 (2.62%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is HOYA CORPORATION stock A Buy?
HOYA CORPORATION holds several negative signals and is within a 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.
Current score: -4.973 Sell Candidate Unchanged
Predicted Opening Price for HOYA CORPORATION of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥18,151.67 ( 0.285%) | JP¥18,100.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7741.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18,486.67 | 2.14 % | |
| R2 | 18,358.70 | 1.43 % | ||
| R1 | 18,279.64 | 0.99 % | ||
| Current price: | 18,100.00 | |||
| Support | S1 | 18,023.70 | -0.422 % | |
| S2 | 17,944.64 | -0.86 % | ||
| S3 | 17,816.67 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19,485.00 | 7.65 % | |
| R2 | 18,925.00 | 4.56 % | ||
| R1 | 18,395.00 | 1.63 % | ||
| Current price | 18,100.00 | |||
| Support | S1 | 17,625.00 | -2.62% | |
| S2 | 17,490.00 | -3.37% | ||
| S3 | 17,425.00 | -3.73% |
7741 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥65.00 | 0.359% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Nov 30, 2023 | JP¥45.00 | 0.270% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥65.00 | 0.460% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥45.00 | 0.321% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥65.00 | 0.459% |
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