Hokkaido Electric Power Co,Incorporated Stock Forecast
Green day on Thursday for Hokkaido Electric Power Co,Incorporated stock after gaining 4.62%
(Updated on May 02, 2024)
The Hokkaido Electric Power Co,Incorporated stock price gained 4.62% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,115.50 to JP¥1,167.00. During the last trading day the stock fluctuated 8.43% from a day low at JP¥1,115.00 to a day high of JP¥1,209.00. The price has fallen in 6 of the last 10 days but is still up by 1.61% 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, 11 million more shares were traded than the day before. In total, 21 million shares were bought and sold for approximately JP¥24.32 billion.
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 96.06% during the next 3 months and, with a 90% probability hold a price between JP¥2,121.26 and JP¥2,643.63 at the end of this 3-month period.
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9509.T Signals & Forecast
The Hokkaido Electric Power Co,Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,142.57 and JP¥985.55. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -8.11%. 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 Hokkaido Electric Power Co,Incorporated stock
Hokkaido Electric Power Co,Incorporated finds support from accumulated volume at JP¥1,155.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥94.00 between high and low, or 8.43%. For the last week, the stock has had daily average volatility of 6.37%.
Our recommended stop-loss: JP¥1,097.68 (-5.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (9509.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Hokkaido Electric Power Company,Incorporated to open at JP¥1,163.67, and during the day (based on 14 day Average True Range), to move between JP¥1,097.65 and JP¥1,236.35, which gives a possible trading interval of +/-JP¥69.35 (+/-5.94%) up or down from last closing price. If Hokkaido Electric Power Company,Incorporated takes out the full calculated possible swing range there will be an estimated 11.89% 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¥1,155.50 (0.99%) than the resistance at JP¥1,200.00 (2.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hokkaido Electric Power Company,Incorporated 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 Hokkaido Electric Power Co,Incorporated stock to perform well in the short-term.
Current score: 3.637 Buy Candidate Unchanged
Predicted Opening Price for Hokkaido Electric Power Company,Incorporated of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,163.67 ( 0.286%) | JP¥1,167.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9509.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,257.67 | 7.77 % | |
| R2 | 1,221.76 | 4.69 % | ||
| R1 | 1,199.57 | 2.79 % | ||
| Current price: | 1,167.00 | |||
| Support | S1 | 1,127.76 | -3.36 % | |
| S2 | 1,105.57 | -5.26 % | ||
| S3 | 1,069.67 | -8.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,238.00 | 6.08 % | |
| R2 | 1,213.00 | 3.94 % | ||
| R1 | 1,200.00 | 2.83 % | ||
| Current price | 1,167.00 | |||
| Support | S1 | 1,155.50 | -0.99% | |
| S2 | 1,148.50 | -1.59% | ||
| S3 | 1,138.50 | -2.44% |
9509 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥5.00 | 0.735% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 2.04% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 2.19% |
FAQ
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