HOKKAIDO GAS CO.,LTD. Stock Forecast
Red day on Thursday for HOKKAIDO GAS CO.,LTD.
(Updated on Apr 25, 2024)
The HOKKAIDO GAS CO.,LTD. stock price fell by -2.43% on the last day (Thursday, 25th Apr 2024) from JP¥2,878.00 to JP¥2,808.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.73% from a day low at JP¥2,791.00 to a day high of JP¥2,895.00. The price has fallen in 6 of the last 10 days and is down by -3.37% for this period. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 63 thousand shares were bought and sold for approximately JP¥175.50 million.
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 30.45% during the next 3 months and, with a 90% probability hold a price between JP¥3,499.73 and JP¥4,057.23 at the end of this 3-month period.
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9534.T Signals & Forecast
The HOKKAIDO GAS 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¥2,899.29. On a fall, the stock will find some support from the long-term average at approximately JP¥2,636.60. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 15, 2024, and so far it has fallen -6.87%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for HOKKAIDO GAS CO.,LTD. stock
HOKKAIDO GAS CO.,LTD. finds support from accumulated volume at JP¥2,771.00 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¥104.00 between high and low, or 3.73%. For the last week, the stock has had daily average volatility of 3.97%.
Our recommended stop-loss: JP¥2,682.55 (-4.47%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (9534.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect HOKKAIDO GAS CO.,LTD. to open at JP¥2,831.33, and during the day (based on 14 day Average True Range), to move between JP¥2,714.28 and JP¥2,901.72, which gives a possible trading interval of +/-JP¥93.72 (+/-3.34%) up or down from last closing price. If HOKKAIDO GAS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.68% 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¥2,771.00 (1.32%) than the resistance at JP¥2,906.00 (3.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
HOKKAIDO GAS CO.,LTD. will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for HOKKAIDO GAS CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.84% in the first trading day after earnings release.
Is HOKKAIDO GAS CO.,LTD. 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 GAS CO.,LTD. stock to perform well in the short-term.
Current score: 1.729 Buy Candidate Unchanged
Predicted Opening Price for HOKKAIDO GAS CO.,LTD. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
JP¥2,831.33 ( 0.83%) | JP¥2,808.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9534.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,935.33 | 4.53 % | |
R2 | 2,895.61 | 3.12 % | ||
R1 | 2,871.06 | 2.25 % | ||
Current price: | 2,808.00 | |||
Support | S1 | 2,791.61 | -0.584 % | |
S2 | 2,767.06 | -1.46 % | ||
S3 | 2,727.33 | -2.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,015.00 | 7.37 % | |
R2 | 2,939.00 | 4.67 % | ||
R1 | 2,906.00 | 3.49 % | ||
Current price | 2,808.00 | |||
Support | S1 | 2,771.00 | -1.32% | |
S2 | 2,598.00 | -7.48% | ||
S3 | 2,367.00 | -15.71% |
9534 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¥35.00 | 1.46% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 2.10% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 1.85% |
5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥30.00 | 1.99% |
FAQ
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