Hitachi, Ltd. (ADR) Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Monday for Hitachi, Ltd. (ADR) stock after gaining 0.788%
(Updated on May 06, 2024)
The Hitachi, Ltd. (ADR) stock price gained 0.788% on the last trading day (Monday, 6th May 2024), rising from $188.99 to $190.48. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.752% from a day low at $189.49 to a day high of $190.91. The price has risen in 8 of the last 10 days and is up by 10.06% 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, 1 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $2.88 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 12.67% during the next 3 months and, with a 90% probability hold a price between $193.72 and $221.99 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.
HTHIY Signals & Forecast
Mostly positive signals in the chart today. The Hitachi, Ltd. (ADR) 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 $184.72 and $180.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 12.45%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hitachi, Ltd. (ADR) stock
Hitachi, Ltd. (ADR) finds support from accumulated volume at $182.77 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 $1.42 between high and low, or 0.752%. For the last week, the stock has had daily average volatility of 1.03%.
Since the Hitachi, Ltd. (ADR) has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $183.20 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (HTHIY) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Hitachi, Ltd. (ADR) to open at $190.29, and during the day (based on 14 day Average True Range), to move between $186.47 and $194.49, which gives a possible trading interval of +/-$4.01 (+/-2.10%) up or down from last closing price. If Hitachi, Ltd. (ADR) takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $190.85 (0.20%) than the support at $182.77 (4.05%), 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 Hitachi, Ltd. (ADR) stock A Buy?
Hitachi, Ltd. (ADR) holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.932 Strong Buy Candidate Unchanged
Predicted Opening Price for Hitachi, Ltd. (ADR) of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $190.29 ( 0.0989%) | $190.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTHIY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 191.72 | 0.649 % | |
| R2 | 191.17 | 0.363 % | ||
| R1 | 190.84 | 0.187 % | ||
| Current price: | 190.48 | |||
| Support | S1 | 189.75 | -0.385 % | |
| S2 | 189.41 | -0.561 % | ||
| S3 | 188.87 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 190.85 | 0.195 % | ||
| Current price | 190.48 | |||
| Support | S1 | 182.77 | -4.05% | |
| S2 | 182.02 | -4.44% | ||
| S3 | 176.61 | -7.28% |
HTHIY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 04, 2023 | $0.83 | 0.592% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jun 09, 2023 | $0.89 | 0.706% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 06, 2022 | $0.83 | 0.81% |
| 4 | Sep 26, 2008 | Sep 26, 2008 | Sep 26, 2008 | $0.285 | 0.408% |
| 5 | Mar 27, 2008 | Mar 27, 2008 | Mar 27, 2008 | $0.309 | 0.507% |
FAQ
Click here for our free guide on how to buy Hitachi, Ltd. (ADR) Stock.
