Chips · Stock report · Horiba (TSE: 6856.T)
Horiba — still 24th of 86 chip stocks over one month despite a 7.8% one-day drop
The Closelooknet read
Horiba (TSE: 6856.T) still ranks 24th of the 86 stocks in our chip section over the past month, up 6.1%, even after a 7.8% fall on Thursday. Our money-flow reading (a gauge of net buying pressure) stands at 55, down 19.2 points over the past month; it is still positive but slowing. Our momentum score is 47 out of 100. What we watch: whether the stock holds above the average close of the last 200 sessions, ¥22,395.58, or slips back under it.
Where Horiba stands among our chip stocks
Horiba is 24th of 86 by one-month move. MKS Instruments (MKSI) lost 2.9% over the month and sits 48.6% below its 30 June high. Advanced Energy (AEIS) is down 0.1% and 35.2% below its 1 May high. Axcelis Technologies (ACLS) gained 11.0% and is 39.9% below its 15 June high. Horiba is 18.8% below its 15 July closing high of ¥28,880.00, a smaller gap than any of the three.
Our money-flow and quality readings
Our money-flow reading for Horiba is 55, down 3.5 points in five sessions and 19.2 over the past month. It is still positive but slowing, and the band is neutral. Our momentum score is 47 out of 100, using the weighting we apply to cyclical chip stocks. Only one of our scoring inputs is available for this stock, so we show no composite score.
Price trend
Horiba closed at ¥23,445.00 (about $148.45), down 7.8% on the day after opening 3.9% lower. Its typical daily swing is about 3.1%. The stock is 2.9% below its 50-day average of ¥24,137.70 and 4.7% above its 200-day average of ¥22,395.58. It is up 46.9% this year and 87.0% over one year, but 15.7% lower over three months.
Closelooknet is a research diary. Nothing here is investment advice or a recommendation to buy or sell.