KANEKO SEEDS CO.,LTD. Stock Forecast
Green day on Friday for KANEKO SEEDS CO.,LTD. stock after gaining 0.282%
(Updated on Apr 26, 2024)
The KANEKO SEEDS CO.,LTD. stock price gained 0.282% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,420.00 to JP¥1,424.00. During the last trading day the stock fluctuated 1.86% from a day low at JP¥1,401.00 to a day high of JP¥1,427.00. The price has been going up and down for this period, and there has been a -1.73% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately JP¥16.38 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KANEKO SEEDS CO.,LTD. stock with a 90% probability to be traded between JP¥1,365.43 and JP¥1,430.80 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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1376.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.71%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KANEKO SEEDS CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,424.74. On a fall, the stock will find some support from the short-term average at JP¥1,416.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
A sell signal from a double top formation was found on Friday, March 22, 2024 and based on theory for this formation the price should fall by -2.99% to JP¥1,381.40 within 20 trading days since signal was issued (Tuesday, April 30, 2024).
Support, Risk & Stop-loss for KANEKO SEEDS CO.,LTD. stock
KANEKO SEEDS CO.,LTD. finds support from accumulated volume at JP¥1,423.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥26.00 between high and low, or 1.86%. For the last week the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1376.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect KANEKO SEEDS CO.,LTD. to open at JP¥1,417.33, and during the day (based on 14 day Average True Range), to move between JP¥1,404.61 and JP¥1,443.39, which gives a possible trading interval of +/-JP¥19.39 (+/-1.36%) up or down from last closing price. If KANEKO SEEDS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,423.00 (0.07%) than the resistance at JP¥1,432.00 (0.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KANEKO SEEDS CO.,LTD. stock A Buy?
KANEKO SEEDS CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.546 Sell Candidate Unchanged
Predicted Opening Price for KANEKO SEEDS CO.,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,417.33 ( 0.468%) | JP¥1,424.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1376.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,443.33 | 1.36 % | |
| R2 | 1,433.40 | 0.660 % | ||
| R1 | 1,427.27 | 0.229 % | ||
| Current price: | 1,424.00 | |||
| Support | S1 | 1,407.40 | -1.17 % | |
| S2 | 1,401.27 | -1.60 % | ||
| S3 | 1,391.33 | -2.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,457.00 | 2.32 % | |
| R2 | 1,445.00 | 1.47 % | ||
| R1 | 1,432.00 | 0.562 % | ||
| Current price | 1,424.00 | |||
| Support | S1 | 1,423.00 | -0.0702% | |
| S2 | 1,412.00 | -0.84% | ||
| S3 | 1,409.00 | -1.05% |
1376 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥0 | 0% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥18.00 | 1.23% |
| 3 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥11.00 | 0.762% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥18.00 | 1.01% |
| 5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥11.00 | 0.797% |
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