HAMAKYOREX CO.,LTD. Stock Forecast
HAMAKYOREX CO.,LTD. stock price down 2.40% on Tuesday
(Updated on Apr 16, 2024)
The HAMAKYOREX CO.,LTD. stock price fell by -2.40% on the last day (Tuesday, 16th Apr 2024) from JP¥3,965.00 to JP¥3,870.00. During the last trading day the stock fluctuated 2.48% from a day low at JP¥3,830.00 to a day high of JP¥3,925.00. The price has risen in 6 of the last 10 days and is up by 1.57% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 63 thousand shares were bought and sold for approximately JP¥243.81 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥3,960.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.72% during the next 3 months and, with a 90% probability hold a price between JP¥3,262.92 and JP¥3,694.43 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.
9037.T Signals & Forecast
The HAMAKYOREX 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¥3,930.00. On a fall, the stock will find some support from the long-term average at approximately JP¥3,809.57. 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. 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, April 12, 2024, and so far it has fallen -2.52%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for HAMAKYOREX CO.,LTD. stock
HAMAKYOREX CO.,LTD. finds support from accumulated volume at JP¥3,835.00 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¥95.00 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9037.T) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect HAMAKYOREX CO.,LTD. to open at JP¥3,875.00, and during the day (based on 14 day Average True Range), to move between JP¥3,801.00 and JP¥3,939.00, which gives a possible trading interval of +/-JP¥69.00 (+/-1.78%) up or down from last closing price. If HAMAKYOREX CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.57% 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¥3,835.00 (0.90%) than the resistance at JP¥3,935.00 (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HAMAKYOREX CO.,LTD. stock A Buy?
HAMAKYOREX 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: -3.324 Sell Candidate Unchanged
Predicted Opening Price for HAMAKYOREX CO.,LTD. of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| JP¥3,875.00 ( 0.129%) | JP¥3,870.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9037.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,970.00 | 2.58 % | |
| R2 | 3,933.71 | 1.65 % | ||
| R1 | 3,911.29 | 1.07 % | ||
| Current price: | 3,870.00 | |||
| Support | S1 | 3,838.71 | -0.81 % | |
| S2 | 3,816.29 | -1.39 % | ||
| S3 | 3,780.00 | -2.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,125.00 | 6.59 % | |
| R2 | 3,965.00 | 2.45 % | ||
| R1 | 3,935.00 | 1.68 % | ||
| Current price | 3,870.00 | |||
| Support | S1 | 3,835.00 | -0.90% | |
| S2 | 3,735.00 | -3.49% | ||
| S3 | 3,695.00 | -4.52% |
9037 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥50.00 | 1.23% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 1.56% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥45.00 | 1.42% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥45.00 | 1.56% |
FAQ
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