HIKARI TSUSHIN,INC. Stock Forecast
HIKARI TSUSHIN,INC. stock upgraded to Buy Candidate.
(Updated on May 31, 2024)
The HIKARI TSUSHIN,INC. stock price gained 4.66% on the last trading day (Friday, 31st May 2024), rising from JP¥24,595.00 to JP¥25,740.00. During the last trading day the stock fluctuated 4.42% from a day low at JP¥24,650.00 to a day high of JP¥25,740.00. The price has risen in 6 of the last 10 days and is up by 2.02% 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, 202 thousand more shares were traded than the day before. In total, 267 thousand shares were bought and sold for approximately JP¥6.86 billion.
The stock lies in the middle of a wide and 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 -11.82% during the next 3 months and, with a 90% probability hold a price between JP¥20,892.38 and JP¥23,227.98 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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9435.T Signals & Forecast
The HIKARI TSUSHIN,INC. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥24,697.86 and JP¥25,280.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 6.78%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for HIKARI TSUSHIN,INC. stock
HIKARI TSUSHIN,INC. finds support from accumulated volume at JP¥25,390.00 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¥1,090.00 (4.42%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: JP¥24,230.52 (-5.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (9435.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect HIKARI TSUSHIN,INC. to open at JP¥25,376.67, and during the day (based on 14 day Average True Range), to move between JP¥25,099.78 and JP¥26,380.22, which gives a possible trading interval of +/-JP¥640.22 (+/-2.49%) up or down from last closing price. If HIKARI TSUSHIN,INC. takes out the full calculated possible swing range there will be an estimated 4.97% 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¥25,390.00 (1.36%) than the resistance at JP¥27,210.00 (5.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HIKARI TSUSHIN,INC. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.439 Buy Candidate Upgraded
Predicted Opening Price for HIKARI TSUSHIN,INC. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥25,376.67 ( 1.41%) | JP¥25,740.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9435.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26,466.67 | 2.82 % | |
| R2 | 26,050.29 | 1.21 % | ||
| R1 | 25,793.05 | 0.206 % | ||
| Current price: | 25,740.00 | |||
| Support | S1 | 24,960.29 | -3.03 % | |
| S2 | 24,703.05 | -4.03 % | ||
| S3 | 24,286.67 | -5.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27,590.00 | 7.19 % | |
| R2 | 27,465.00 | 6.70 % | ||
| R1 | 27,210.00 | 5.71 % | ||
| Current price | 25,740.00 | |||
| Support | S1 | 25,390.00 | -1.36% | |
| S2 | 25,380.00 | -1.40% | ||
| S3 | 24,695.00 | -4.06% |
9435 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥147.00 | 0.571% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥141.00 | 0.680% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥141.00 | 0.762% |
| 5 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥138.00 | 0.757% |
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