Sekisui House Ltd Stock Forecast
Sekisui House Ltd stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The Sekisui House Ltd stock price gained 1.06% on the last trading day (Friday, 19th Apr 2024), rising from $21.69 to $21.92. During the last trading day the stock fluctuated 0.677% from a day low at $21.77 to a day high of $21.92. The price has fallen in 7 of the last 10 days and is down by -5.19% for this period. Volume fell on the last day by -472 shares and in total, 26 thousand shares were bought and sold for approximately $576.39 thousand. 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.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $21.67 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Sekisui House Ltd stock with a 90% probability to be traded between $21.92 and $23.85 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SKHSY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.06%. 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 Sekisui House 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 $22.32 and $22.67. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Tuesday, June 27, 2023 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 Tuesday, June 27, 2023 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 Sekisui House Ltd stock
Sekisui House Ltd finds support from accumulated volume at $21.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.148 between high and low, or 0.677%. For the last week the stock has had daily average volatility of 1.33%
Our recommended stop-loss: $20.72 (-5.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (SKHSY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Sekisui House Ltd to open at $21.87, and during the day (based on 14 day Average True Range), to move between $21.41 and $22.43, which gives a possible trading interval of +/-$0.511 (+/-2.33%) up or down from last closing price. If Sekisui House Ltd takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.75 (0.78%) than the resistance at $22.70 (3.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sekisui House Ltd stock A Buy?
Sekisui House Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.575 Hold/Accumulate Upgraded
Predicted Opening Price for Sekisui House Ltd of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$21.87 ( 0.224%) | $21.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKHSY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.02 | 0.449 % | |
R2 | 21.96 | 0.192 % | ||
R1 | 21.93 | 0.0327 % | ||
Current price: | 21.92 | |||
Support | S1 | 21.81 | -0.481 % | |
S2 | 21.78 | -0.640 % | ||
S3 | 21.72 | -0.90 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.05 | 5.16 % | |
R2 | 22.98 | 4.84 % | ||
R1 | 22.70 | 3.56 % | ||
Current price | 21.92 | |||
Support | S1 | 21.75 | -0.776% | |
S2 | 21.62 | -1.37% | ||
S3 | 21.48 | -2.01% |
SKHSY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 29, 2023 | Jul 28, 2023 | Dec 08, 2023 | $0.330 | 1.58% |
2 | Jan 30, 2023 | Jan 30, 2023 | May 08, 2023 | $0.343 | 1.65% |
3 | Jul 28, 2022 | Jul 28, 2022 | Oct 11, 2022 | $0.285 | 1.70% |
4 | Jul 26, 2006 | Jul 26, 2006 | Jul 26, 2006 | $0.0870 | 0.637% |
5 | Jul 27, 2005 | Jul 27, 2005 | Jul 27, 2005 | $0.0890 | 0.88% |
FAQ
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