Kakiyasu Honten Co.,Ltd. Stock Forecast
Green day on Friday for Kakiyasu Honten Co.,Ltd. stock after gaining 0.83%
(Updated on May 10, 2024)
The Kakiyasu Honten Co.,Ltd. stock price gained 0.83% on the last trading day (Friday, 10th May 2024), rising from JP¥2,651.00 to JP¥2,673.00. During the last trading day the stock fluctuated 1.60% from a day low at JP¥2,631.00 to a day high of JP¥2,673.00. The price has been going up and down for this period, and there has been a -15.68% 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, 6 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately JP¥119.48 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,655.80 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 14.57% during the next 3 months and, with a 90% probability hold a price between JP¥3,042.79 and JP¥3,867.28 at the end of this 3-month period.
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2294.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 1.21%. 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 Kakiyasu Honten 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¥3,027.71. On a fall, the stock will find some support from the short-term average at JP¥2,672.86. 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 Kakiyasu Honten Co.,Ltd. stock
Kakiyasu Honten Co.,Ltd. finds support from accumulated volume at JP¥2,653.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥42.00 between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 1.72%.
Kakiyasu Honten Co.,Ltd. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2294.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Kakiyasu Honten Co.,Ltd. to open at JP¥2,659.00, and during the day (based on 14 day Average True Range), to move between JP¥2,603.06 and JP¥2,742.94, which gives a possible trading interval of +/-JP¥69.94 (+/-2.62%) up or down from last closing price. If Kakiyasu Honten Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.23% 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¥2,653.00 (0.75%) than the resistance at JP¥2,840.00 (6.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kakiyasu Honten Co.,Ltd. stock A Buy?
Kakiyasu Honten 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: -1.645 Sell Candidate Unchanged
Predicted Opening Price for Kakiyasu Honten Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥2,659.00 ( 0.524%) | JP¥2,673.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2294.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,701.00 | 1.05 % | |
| R2 | 2,684.96 | 0.447 % | ||
| R1 | 2,675.04 | 0.0765 % | ||
| Current price: | 2,673.00 | |||
| Support | S1 | 2,642.96 | -1.12 % | |
| S2 | 2,633.04 | -1.49 % | ||
| S3 | 2,617.00 | -2.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,180.00 | 18.97 % | |
| R2 | 3,170.00 | 18.59 % | ||
| R1 | 2,840.00 | 6.25 % | ||
| Current price | 2,673.00 | |||
| Support | S1 | 2,653.00 | -0.748% | |
| S2 | 2,642.00 | -1.16% | ||
| S3 | 2,641.00 | -1.20% |
2294 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥85.00 | 3.74% |
| 2 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥80.00 | 3.87% |
| 3 | Feb 25, 2022 | Feb 25, 2022 | Feb 25, 2022 | JP¥20.00 | 0.83% |
| 4 | Feb 25, 2021 | Feb 25, 2021 | Feb 25, 2021 | JP¥75.00 | 2.90% |
| 5 | Feb 27, 2020 | Feb 27, 2020 | Feb 27, 2020 | JP¥75.00 | 2.70% |
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