HEIWADO CO.,LTD. Stock Forecast

HEIWADO CO.,LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)

8276.T Signals & Forecast

The HEIWADO CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥2,374.71. On a fall, the stock will find some support from the long-term average at approximately JP¥2,321.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -5.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for HEIWADO CO.,LTD. stock

HEIWADO CO.,LTD. finds support from accumulated volume at JP¥2,302.00 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¥44.00 between high and low, or 1.92%. For the last week the stock has had daily average volatility of 1.42%.

Our recommended stop-loss: JP¥2,217.05 (-4.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (8276.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect HEIWADO CO.,LTD. to open at JP¥2,322.00, and during the day (based on 14 day Average True Range), to move between JP¥2,285.91 and JP¥2,374.09, which gives a possible trading interval of +/-JP¥44.09 (+/-1.89%) up or down from last closing price. If HEIWADO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.78% 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¥2,302.00 (1.20%) than the resistance at JP¥2,366.00 (1.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HEIWADO CO.,LTD. stock A Buy?

HEIWADO 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: 0.528 Hold/Accumulate Upgraded

Predicted Opening Price for HEIWADO CO.,LTD. of Monday, May 20, 2024

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