KITANO CONSTRUCTION CORP., Stock Forecast
Stronger technical forecast for KITANO CONSTRUCTION CORP., stock price after Wednesday trading.
(Updated on May 15, 2024)
The KITANO CONSTRUCTION CORP., stock price gained 0.139% on the last trading day (Wednesday, 15th May 2024), rising from JP¥3,610.00 to JP¥3,615.00. During the last trading day the stock fluctuated 2.99% from a day low at JP¥3,510.00 to a day high of JP¥3,615.00. The price has risen in 6 of the last 10 days and is up by 3.88% over the past 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, 11 thousand shares were bought and sold for approximately JP¥40.85 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.75% during the next 3 months and, with a 90% probability hold a price between JP¥3,591.33 and JP¥4,295.21 at the end of this 3-month period.
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1866.T Signals & Forecast
The KITANO CONSTRUCTION CORP., stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥3,534.29 and JP¥3,493.57. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for KITANO CONSTRUCTION CORP., stock
KITANO CONSTRUCTION CORP., finds support from accumulated volume at JP¥3,505.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥105.00 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: JP¥3,491.37 (-3.42%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (1866.T) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect KITANO CONSTRUCTION CORP., to open at JP¥3,580.00, and during the day (based on 14 day Average True Range), to move between JP¥3,518.34 and JP¥3,711.66, which gives a possible trading interval of +/-JP¥96.66 (+/-2.67%) up or down from last closing price. If KITANO CONSTRUCTION CORP., takes out the full calculated possible swing range there will be an estimated 5.35% 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¥3,710.00 (2.63%) than the support at JP¥3,505.00 (3.04%), 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.
Is KITANO CONSTRUCTION CORP., stock A Buy?
KITANO CONSTRUCTION CORP., holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.352 Strong Buy Candidate Upgraded
Predicted Opening Price for KITANO CONSTRUCTION CORP., of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| JP¥3,580.00 ( 0.97%) | JP¥3,615.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1866.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,685.00 | 1.94 % | |
| R2 | 3,644.89 | 0.83 % | ||
| R1 | 3,620.11 | 0.141 % | ||
| Current price: | 3,615.00 | |||
| Support | S1 | 3,539.89 | -2.08 % | |
| S2 | 3,515.11 | -2.76 % | ||
| S3 | 3,475.00 | -3.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,785.00 | 4.70 % | |
| R2 | 3,725.00 | 3.04 % | ||
| R1 | 3,710.00 | 2.63 % | ||
| Current price | 3,615.00 | |||
| Support | S1 | 3,505.00 | -3.04% | |
| S2 | 3,480.00 | -3.73% | ||
| S3 | 3,430.00 | -5.12% |
1866 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥110.00 | 3.77% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥100.00 | 4.60% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥10.00 | 0.396% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥100.00 | 3.81% |
FAQ
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