Hokuhoku Financial Group, Inc. Stock Forecast
Hokuhoku Financial Group, Inc. stock upgraded to Buy Candidate.
(Updated on May 09, 2024)
The Hokuhoku Financial Group, Inc. stock price gained 0.93% on the last trading day (Thursday, 9th May 2024), rising from JP¥1,886.50 to JP¥1,904.00. During the last trading day the stock fluctuated 1.89% from a day low at JP¥1,875.50 to a day high of JP¥1,911.00. The price has risen in 6 of the last 10 days and is up by 0.37% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 268 thousand shares were bought and sold for approximately JP¥509.89 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 in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.64% during the next 3 months and, with a 90% probability hold a price between JP¥2,103.45 and JP¥2,464.47 at the end of this 3-month period.
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8377.T Signals & Forecast
The Hokuhoku Financial Group, Inc. 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¥1,908.36. On a fall, the stock will find some support from the long-term average at approximately JP¥1,903.37. 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. 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. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -4.82%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Hokuhoku Financial Group, Inc. stock
Hokuhoku Financial Group, Inc. finds support from accumulated volume at JP¥1,886.50 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¥35.50 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: JP¥1,818.30 (-4.50%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (8377.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Hokuhoku Financial Group, Inc. to open at JP¥1,896.83, and during the day (based on 14 day Average True Range), to move between JP¥1,847.51 and JP¥1,960.49, which gives a possible trading interval of +/-JP¥56.49 (+/-2.97%) up or down from last closing price. If Hokuhoku Financial Group, Inc. takes out the full calculated possible swing range there will be an estimated 5.93% 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¥1,886.50 (0.92%) than the resistance at JP¥1,931.50 (1.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Hokuhoku Financial Group, Inc. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Hokuhoku Financial Group, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.15% in the first trading day after earnings release.
Is Hokuhoku Financial Group, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hokuhoku Financial Group, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.384 Buy Candidate Upgraded
Predicted Opening Price for Hokuhoku Financial Group, Inc. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥1,896.83 ( 0.376%) | JP¥1,904.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8377.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,932.33 | 1.49 % | |
| R2 | 1,918.77 | 0.776 % | ||
| R1 | 1,910.39 | 0.336 % | ||
| Current price: | 1,904.00 | |||
| Support | S1 | 1,883.27 | -1.09 % | |
| S2 | 1,874.89 | -1.53 % | ||
| S3 | 1,861.33 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,966.50 | 3.28 % | |
| R2 | 1,952.00 | 2.52 % | ||
| R1 | 1,931.50 | 1.44 % | ||
| Current price | 1,904.00 | |||
| Support | S1 | 1,886.50 | -0.92% | |
| S2 | 1,878.50 | -1.34% | ||
| S3 | 1,679.00 | -11.82% |
8377 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥37.00 | 4.03% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥35.00 | 3.81% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥35.00 | 3.29% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥40.00 | 3.98% |
FAQ
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