Kakaku.com,Inc. Stock Forecast
Kakaku.com,Inc. stock upgraded to Strong Buy Candidate.
(Updated on May 10, 2024)
The Kakaku.com,Inc. stock price gained 3.57% on the last trading day (Friday, 10th May 2024), rising from JP¥1,846.50 to JP¥1,912.50. During the last trading day the stock fluctuated 3.43% from a day low at JP¥1,865.00 to a day high of JP¥1,929.00. The price has risen in 6 of the last 10 days and is up by 7.96% 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, 656 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately JP¥3.74 billion.
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 8.40% during the next 3 months and, with a 90% probability hold a price between JP¥1,896.05 and JP¥2,176.95 at the end of this 3-month period.
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2371.T Signals & Forecast
Mostly positive signals in the chart today. The Kakaku.com,Inc. 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¥1,840.43 and JP¥1,828.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 11.39%. 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.
Support, Risk & Stop-loss for Kakaku.com,Inc. stock
Kakaku.com,Inc. finds support from accumulated volume at JP¥1,827.00 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¥64.00 between high and low, or 3.43%. For the last week the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: JP¥1,839.86 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (2371.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Kakaku.com,Inc. to open at JP¥1,902.17, and during the day (based on 14 day Average True Range), to move between JP¥1,856.76 and JP¥1,968.24, which gives a possible trading interval of +/-JP¥55.74 (+/-2.91%) up or down from last closing price. If Kakaku.com,Inc. takes out the full calculated possible swing range there will be an estimated 5.83% 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¥1,922.50 (0.52%) than the support at JP¥1,827.00 (4.47%), 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 Kakaku.com,Inc. stock A Buy?
Kakaku.com,Inc. 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 Buy to a Strong Buy candidate.
Current score: 7.996 Strong Buy Candidate Upgraded
Predicted Opening Price for Kakaku.com,Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥1,902.17 ( 0.540%) | JP¥1,912.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2371.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,966.17 | 2.81 % | |
| R2 | 1,941.72 | 1.53 % | ||
| R1 | 1,926.61 | 0.738 % | ||
| Current price: | 1,912.50 | |||
| Support | S1 | 1,877.72 | -1.82 % | |
| S2 | 1,862.61 | -2.61 % | ||
| S3 | 1,838.17 | -3.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 1,922.50 | 0.523 % | ||
| Current price | 1,912.50 | |||
| Support | S1 | 1,827.00 | -4.47% | |
| S2 | 1,748.50 | -8.58% | ||
| S3 | 1,717.50 | -10.20% |
2371 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.11% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 0.81% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 0.705% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥20.00 | 0.545% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥20.00 | 0.661% |
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