KANEKO SEEDS CO.,LTD. Stock Forecast
KANEKO SEEDS CO.,LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jul 03, 2024)
The KANEKO SEEDS CO.,LTD. stock price fell by -0.347% on the last day (Wednesday, 3rd Jul 2024) from JP¥1,440.00 to JP¥1,435.00. During the last trading day the stock fluctuated 0.769% from a day low at JP¥1,431.00 to a day high of JP¥1,442.00. The price has risen in 5 of the last 10 days and is up by 1.99% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 4 thousand shares were bought and sold for approximately JP¥5.88 million.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥1,443.15 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect KANEKO SEEDS CO.,LTD. stock with a 90% probability to be traded between JP¥1,382.74 and JP¥1,435.59 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
The KANEKO SEEDS CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,435.14. On a fall, the stock will find some support from the long-term average at approximately JP¥1,419.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, July 02, 2024, and so far it has fallen -0.347%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Thursday, May 09, 2024 and based on theory for this formation the price should fall by -3.21% to JP¥1,389.00 within 16 trading days (Friday, May 31, 2024) since signal was issued.
Support, Risk & Stop-loss for KANEKO SEEDS CO.,LTD. stock
KANEKO SEEDS CO.,LTD. finds support from accumulated volume at JP¥1,428.00 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¥11.00 between high and low, or 0.769%. For the last week the stock has had daily average volatility of 0.81%.
Our recommended stop-loss: JP¥1,381.17 (-3.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (1376.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect KANEKO SEEDS CO.,LTD. to open at JP¥1,436.00, and during the day (based on 14 day Average True Range), to move between JP¥1,420.41 and JP¥1,449.59, which gives a possible trading interval of +/-JP¥14.59 (+/-1.02%) 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 2.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥1,436.00 (0.07%) than the support at JP¥1,428.00 (0.49%), 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.
Earnings coming up
KANEKO SEEDS CO.,LTD. will release earnings BMO on Wednesday, July 10, 2024. We will update the financials statements for KANEKO SEEDS CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.94% in the first trading day after earnings release.
Is KANEKO SEEDS CO.,LTD. stock A Buy?
KANEKO SEEDS CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.049 Hold/Accumulate Upgraded
Predicted Opening Price for KANEKO SEEDS CO.,LTD. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥1,436.00 ( 0.0697%) | JP¥1,435.00 |
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 | |
|---|---|---|
| R3 | 1,447.00 | 0.84% |
| R2 | 1,442.80 | 0.543% |
| R1 | 1,440.20 | 0.363% |
| Price | 1,435.00 | |
| S1 | 1,431.80 | -0.223% |
| S2 | 1,429.20 | -0.404% |
| S3 | 1,425.00 | -0.697% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,440.00 | 0.348% |
| R2 | 1,439.00 | 0.279% |
| R1 | 1,436.00 | 0.0697% |
| Price | 1,435.00 | |
| S1 | 1,428.00 | -0.488% |
| S2 | 1,427.00 | -0.557% |
| S3 | 1,409.00 | -1.81% |
1376 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Aug 01, 2024 | JP¥20.00 | 1.39% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Feb 05, 2024 | JP¥11.00 | 0.781% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥18.00 | 1.23% |
| 4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥11.00 | 0.762% |
| 5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥18.00 | 1.01% |
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