HEIWADO CO.,LTD. Stock Forecast
HEIWADO CO.,LTD. stock price ended at JP¥2,373.00 on Friday, after gaining 1.41%.
(Updated on May 31, 2024)
The HEIWADO CO.,LTD. stock price gained 1.41% on the last trading day (Friday, 31st May 2024), rising from JP¥2,340.00 to JP¥2,373.00. During the last trading day the stock fluctuated 1.23% from a day low at JP¥2,350.00 to a day high of JP¥2,379.00. The price has been going up and down for this period, and there has been a 1.85% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 89 thousand more shares were traded than the day before. In total, 180 thousand shares were bought and sold for approximately JP¥427.14 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,327.61 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.18% during the next 3 months and, with a 90% probability hold a price between JP¥2,867.24 and JP¥3,238.42 at the end of this 3-month period.
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8276.T Signals & Forecast
There are mixed signals in the stock today. The HEIWADO CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,383.54. On a fall, the stock will find some support from the short-term average at JP¥2,339.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -3.69%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
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.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥29.00 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8276.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect HEIWADO CO.,LTD. to open at JP¥2,367.33, and during the day (based on 14 day Average True Range), to move between JP¥2,333.50 and JP¥2,412.50, which gives a possible trading interval of +/-JP¥39.50 (+/-1.66%) up or down from last closing price. If HEIWADO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.33% 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¥2,405.00 (1.35%) than the support at JP¥2,302.00 (2.99%), 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 HEIWADO CO.,LTD. stock A Buy?
HEIWADO CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.892 Sell Candidate Unchanged
Predicted Opening Price for HEIWADO CO.,LTD. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥2,367.33 ( 0.239%) | JP¥2,373.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8276.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,396.33 | 0.98 % | |
| R2 | 2,385.26 | 0.516 % | ||
| R1 | 2,378.41 | 0.228 % | ||
| Current price: | 2,373.00 | |||
| Support | S1 | 2,356.26 | -0.706 % | |
| S2 | 2,349.41 | -0.99 % | ||
| S3 | 2,338.33 | -1.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,445.00 | 3.03 % | |
| R2 | 2,428.00 | 2.32 % | ||
| R1 | 2,405.00 | 1.35 % | ||
| Current price | 2,373.00 | |||
| Support | S1 | 2,302.00 | -2.99% | |
| S2 | 2,214.00 | -6.70% | ||
| S3 | 1,984.00 | -16.39% |
8276 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 19, 2024 | Aug 19, 2024 | Aug 19, 2024 | JP¥0 | 0% |
| 2 | Feb 19, 2024 | Feb 19, 2024 | Feb 19, 2024 | JP¥0 | 0% |
| 3 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | JP¥19.00 | 0.81% |
| 4 | Feb 17, 2023 | Feb 17, 2023 | Feb 17, 2023 | JP¥23.00 | 1.07% |
| 5 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | JP¥19.00 | 0.96% |
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