HEIWA REAL ESTATE REIT,Inc. Stock Forecast
HEIWA REAL ESTATE REIT,Inc. stock downgraded to Sell Candidate
(Updated on Jun 26, 2024)
The HEIWA REAL ESTATE REIT,Inc. stock price gained 0.298% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥134,300.00 to JP¥134,700.00. It has now gained 7 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 0.673% from a day low at JP¥133,800.00 to a day high of JP¥134,700.00. The price has risen in 8 of the last 10 days and is up by 3.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 156 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately JP¥392.65 million.
The stock lies in the middle of a 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 -8.31% during the next 3 months and, with a 90% probability hold a price between JP¥117,913.41 and JP¥125,164.47 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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8966.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 3.30%. 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 is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HEIWA REAL ESTATE REIT,Inc. 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¥134,774.29. On a fall, the stock will find some support from the short-term average at JP¥133,128.57. 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.
Support, Risk & Stop-loss for HEIWA REAL ESTATE REIT,Inc. stock
HEIWA REAL ESTATE REIT,Inc. finds support from accumulated volume at JP¥134,600.00 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¥900.00 between high and low, or 0.673%. For the last week the stock has had daily average volatility of 0.87%.
Since the HEIWA REAL ESTATE REIT,Inc. has been rising for 7 days in a row, the risk over the next couple of days has increased.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8966.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect HEIWA REAL ESTATE REIT,Inc. to open at JP¥134,400.00, and during the day (based on 14 day Average True Range), to move between JP¥133,201.66 and JP¥136,198.34, which gives a possible trading interval of +/-JP¥1,498.34 (+/-1.11%) up or down from last closing price. If HEIWA REAL ESTATE REIT,Inc. takes out the full calculated possible swing range there will be an estimated 2.22% 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¥134,600.00 (0.07%) than the resistance at JP¥134,900.00 (0.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HEIWA REAL ESTATE REIT,Inc. stock A Buy?
HEIWA REAL ESTATE REIT,Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.193 Sell Candidate Downgraded
Predicted Opening Price for HEIWA REAL ESTATE REIT,Inc. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥134,400.00 ( 0.223%) | JP¥134,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8966.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 135,300.00 | 0.445% |
| R2 | 134,956.20 | 0.190% |
| R1 | 134,743.80 | 0.0325% |
| Price | 134,700.00 | |
| S1 | 134,056.20 | -0.478% |
| S2 | 133,843.80 | -0.636% |
| S3 | 133,500.00 | -0.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 135,900.00 | 0.89% |
| R2 | 135,000.00 | 0.223% |
| R1 | 134,900.00 | 0.148% |
| Price | 134,700.00 | |
| S1 | 134,600.00 | -0.0742% |
| S2 | 132,000.00 | -2.00% |
| S3 | 131,100.00 | -2.67% |
8966 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Aug 01, 2024 | JP¥3,325.00 | 2.47% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Feb 15, 2024 | JP¥3,300.00 | 2.47% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥3,130.00 | 2.00% |
| 4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥3,130.00 | 1.94% |
| 5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥3,050.00 | 2.09% |
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