H.I.S.Co.,Ltd. Stock Forecast
Red day on Thursday for H.I.S.Co.,Ltd. stock after losing 2.58%
(Updated on Apr 25, 2024)
The H.I.S.Co.,Ltd. stock price fell by -2.58% on the last day (Thursday, 25th Apr 2024) from JP¥1,783.00 to JP¥1,737.00. During the last trading day the stock fluctuated 2.82% from a day low at JP¥1,737.00 to a day high of JP¥1,786.00. The price has been going up and down for this period, and there has been a -9.81% loss for the last 2 weeks. Volume has increased on the last day by 464 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, 922 thousand shares were bought and sold for approximately JP¥1.60 billion.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,720.80 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.73% during the next 3 months and, with a 90% probability hold a price between JP¥1,853.75 and JP¥2,245.19 at the end of this 3-month period.
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9603.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.52%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The H.I.S.Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,765.86 and JP¥1,855.51. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for H.I.S.Co.,Ltd. stock
H.I.S.Co.,Ltd. finds support from accumulated volume at JP¥1,713.00 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¥49.00 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9603.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect H.I.S.Co.,Ltd. to open at JP¥1,753.33, and during the day (based on 14 day Average True Range), to move between JP¥1,688.56 and JP¥1,785.44, which gives a possible trading interval of +/-JP¥48.44 (+/-2.79%) up or down from last closing price. If H.I.S.Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥1,760.00 (1.32%) than the support at JP¥1,713.00 (1.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is H.I.S.Co.,Ltd. stock A Buy?
The H.I.S.Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe H.I.S.Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.587 Sell Candidate Unchanged
Predicted Opening Price for H.I.S.Co.,Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥1,753.33 ( 0.94%) | JP¥1,737.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9603.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,802.33 | 3.76 % | |
| R2 | 1,783.62 | 2.68 % | ||
| R1 | 1,772.05 | 2.02 % | ||
| Current price: | 1,737.00 | |||
| Support | S1 | 1,734.62 | -0.137 % | |
| S2 | 1,723.05 | -0.80 % | ||
| S3 | 1,704.33 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,018.00 | 16.18 % | |
| R2 | 1,958.00 | 12.72 % | ||
| R1 | 1,760.00 | 1.32 % | ||
| Current price | 1,737.00 | |||
| Support | S1 | 1,713.00 | -1.38% | |
| S2 | 1,711.00 | -1.50% | ||
| S3 | 1,673.00 | -3.68% |
9603 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 30, 2024 | Oct 30, 2024 | Oct 30, 2024 | JP¥0 | 0% |
| 2 | Oct 29, 2020 | Oct 29, 2020 | Oct 29, 2020 | JP¥33.00 | 2.22% |
| 3 | Oct 30, 2019 | Oct 30, 2019 | Oct 30, 2019 | JP¥33.00 | 1.18% |
| 4 | Oct 29, 2018 | Oct 29, 2018 | Oct 29, 2018 | JP¥29.00 | 0.87% |
| 5 | Oct 27, 2017 | Oct 27, 2017 | Oct 27, 2017 | JP¥29.00 | 0.775% |
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