Chips · Stock report · Horiba (TSE: 6856.T)
Horiba — back above its 200-day average, yet our money-flow reading has cooled 18 points in a month
The Closelooknet read
Horiba (TSE: 6856.T) crossed back above the average close of its last 200 sessions on 28 October, while our money-flow reading has been slowing. Our money-flow reading (a gauge of net buying pressure) stands at 44.7, down 6.2 points over five sessions and 18.3 over 21; it is still positive but slowing. Over one month the stock ranks 27th of the 86 stocks in our chip section. We watch whether it holds above ¥22,706.80 in the coming sessions, or slips back under it while the money-flow reading keeps falling.
Where Horiba stands among 86 chip stocks
Over one month Horiba fell 3.9%, 27th of the 86 stocks in our chip section. Three peers in the same sector fell further: MKS Instruments (MKSI) lost 18.0%, Advanced Energy (AEIS) 14.5% and Axcelis Technologies (ACLS) 11.6%. They sit 50.9%, 37.7% and 40.6% below their 52-week highs. Horiba is 20.9% below its 52-week closing high of ¥28,880 set on 15 July.
Our money-flow and quality readings
Our money-flow reading for Horiba is 44.7, labelled neutral heat, and still positive but slowing. It has lost 18.3 points over 21 sessions. Our momentum score is 43. We have no composite score for Horiba, because only one scoring module has data, and no financial-health check.
Price trend
Horiba closed at ¥22,850 on 28 October, up 1.9% on the day after opening 2.2% higher. It is 0.6% above the average close of its last 200 sessions (¥22,706.80) and 3.1% below its 50-day average (¥23,575.70). It is up 43.2% this year and 84.1% over twelve months, but down 13.9% over three months. Its typical daily swing is about 2.8%.
Closelooknet is a research diary. Nothing here is investment advice or a recommendation to buy or sell.