Hokuriku Electric Power Company Stock Forecast
Green day on Thursday for Hokuriku Electric Power Company
(Updated on Jun 27, 2024)
The Hokuriku Electric Power Company stock price gained 0.389% on the last trading day (Thursday, 27th Jun 2024), rising from JP¥1,027.00 to JP¥1,031.00. During the last trading day the stock fluctuated 1.80% from a day low at JP¥1,025.50 to a day high of JP¥1,044.00. The price has been going up and down for this period, and there has been a -1.01% loss for the last 2 weeks. Volume fell on the last day by -247 thousand shares and in total, 651 thousand shares were bought and sold for approximately JP¥671.18 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.
Given the current short-term trend, the stock is expected to rise 26.33% during the next 3 months and, with a 90% probability hold a price between JP¥1,302.49 and JP¥1,567.48 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9505.T Signals & Forecast
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. The Hokuriku Electric Power Company 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¥1,064.01. On a fall, the stock will find some support from the short-term average at JP¥1,030.00. 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 Friday, May 31, 2024, and so far it has fallen -11.24%. 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).
Support, Risk & Stop-loss for Hokuriku Electric Power Company stock
Hokuriku Electric Power Company finds support from accumulated volume at JP¥1,024.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥18.50 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9505.T) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Hokuriku Electric Power Company to open at JP¥1,033.50, and during the day (based on 14 day Average True Range), to move between JP¥999.89 and JP¥1,062.11, which gives a possible trading interval of +/-JP¥31.11 (+/-3.02%) up or down from last closing price. If Hokuriku Electric Power Company takes out the full calculated possible swing range there will be an estimated 6.04% 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¥1,024.50 (0.63%) than the resistance at JP¥1,091.00 (5.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hokuriku Electric Power Company stock A Buy?
The Hokuriku Electric Power Company stock holds several negative signals and despite the positive trend, we believe Hokuriku Electric Power Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.875 Sell Candidate Unchanged
Predicted Opening Price for Hokuriku Electric Power Company of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| JP¥1,033.50 ( 0.242%) | JP¥1,031.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9505.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,052.00 | 2.04% |
| R2 | 1,044.93 | 1.35% |
| R1 | 1,040.57 | 0.93% |
| Price | 1,031.00 | |
| S1 | 1,026.43 | -0.443% |
| S2 | 1,022.07 | -0.87% |
| S3 | 1,015.00 | -1.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,160.50 | 12.56% |
| R2 | 1,155.50 | 12.08% |
| R1 | 1,091.00 | 5.82% |
| Price | 1,031.00 | |
| S1 | 1,024.50 | -0.630% |
| S2 | 992.40 | -3.74% |
| S3 | 915.20 | -11.23% |
9505 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥7.50 | 0.727% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥2.50 | 0.458% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥7.50 | 1.22% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥5.00 | 0.660% |
FAQ
Click here for our free guide on how to buy Hokuriku Electric Power Company Stock.
