IKK Inc. Stock Forecast
Weaker technical forecast for IKK Inc. as stock downgraded to Sell Candidate.
(Updated on May 10, 2024)
The IKK Inc. stock price gained 0.524% on the last trading day (Friday, 10th May 2024), rising from JP¥763.00 to JP¥767.00. During the last trading day the stock fluctuated 0.92% from a day low at JP¥763.00 to a day high of JP¥770.00. The price has fallen in 6 of the last 10 days and is down by -4.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 81 thousand shares were bought and sold for approximately JP¥62.20 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥754.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.00% during the next 3 months and, with a 90% probability hold a price between JP¥814.75 and JP¥930.53 at the end of this 3-month period.
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2198.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.27%. Further rise is indicated until a new top pivot has been found. 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 IKK Inc. 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¥800.57. On a fall, the stock will find some support from the short-term average at JP¥763.14. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for IKK Inc. stock
IKK Inc. finds support from accumulated volume at JP¥763.00 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¥7.00 between high and low, or 0.92%. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2198.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect IKK Inc. to open at JP¥766.67, and during the day (based on 14 day Average True Range), to move between JP¥754.06 and JP¥779.94, which gives a possible trading interval of +/-JP¥12.94 (+/-1.69%) up or down from last closing price. If IKK Inc. takes out the full calculated possible swing range there will be an estimated 3.37% 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¥769.00 (0.26%) than the support at JP¥763.00 (0.52%), 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 IKK Inc. stock A Buy?
IKK Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.059 Sell Candidate Downgraded
Predicted Opening Price for IKK Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥766.67 ( 0.0435%) | JP¥767.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2198.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 773.67 | 0.87 % | |
| R2 | 770.99 | 0.521 % | ||
| R1 | 769.34 | 0.305 % | ||
| Current price: | 767.00 | |||
| Support | S1 | 763.99 | -0.392 % | |
| S2 | 762.34 | -0.607 % | ||
| S3 | 759.67 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 800.00 | 4.30 % | |
| R2 | 787.00 | 2.61 % | ||
| R1 | 769.00 | 0.261 % | ||
| Current price | 767.00 | |||
| Support | S1 | 763.00 | -0.522% | |
| S2 | 753.00 | -1.83% | ||
| S3 | 750.00 | -2.22% |
2198 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 30, 2024 | Oct 30, 2024 | Oct 30, 2024 | JP¥0 | 0% |
| 2 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥10.00 | 1.63% |
| 3 | Oct 29, 2020 | Oct 29, 2020 | Oct 29, 2020 | JP¥12.00 | 1.85% |
| 4 | Oct 30, 2019 | Oct 30, 2019 | Oct 30, 2019 | JP¥12.00 | 1.70% |
| 5 | Oct 29, 2018 | Oct 29, 2018 | Oct 29, 2018 | JP¥12.00 | 1.79% |
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