KG Intelligence CO.,LTD. Stock Forecast
KG Intelligence CO.,LTD. stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The KG Intelligence CO.,LTD. stock price fell by -0.147% on the last day (Thursday, 2nd May 2024) from JP¥679.00 to JP¥678.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.442% from a day low at JP¥678.00 to a day high of JP¥681.00. The price has been going up and down for this period, and there has been a 0.44% gain for the last 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately JP¥4.95 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.09% during the next 3 months and, with a 90% probability hold a price between JP¥640.47 and JP¥685.03 at the end of this 3-month period.
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2408.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 0.444%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KG Intelligence CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥681.43 and JP¥683.29. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KG Intelligence CO.,LTD. stock
KG Intelligence CO.,LTD. finds support from accumulated volume at JP¥675.00 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¥3.00 between high and low, or 0.442%. For the last week the stock has had daily average volatility of 0.707%.
Our recommended stop-loss: JP¥644.48 (-4.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (2408.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect KG Intelligence CO.,LTD. to open at JP¥679.00, and during the day (based on 14 day Average True Range), to move between JP¥667.39 and JP¥688.61, which gives a possible trading interval of +/-JP¥10.61 (+/-1.56%) up or down from last closing price. If KG Intelligence CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.13% 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¥680.00 (0.29%) than the support at JP¥675.00 (0.44%), 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 KG Intelligence CO.,LTD. stock A Buy?
KG Intelligence CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.864 Hold/Accumulate Upgraded
Predicted Opening Price for KG Intelligence CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥679.00 ( 0.147%) | JP¥678.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2408.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 682.00 | 0.590 % | |
| R2 | 680.85 | 0.421 % | ||
| R1 | 680.15 | 0.317 % | ||
| Current price: | 678.00 | |||
| Support | S1 | 677.85 | -0.0215 % | |
| S2 | 677.15 | -0.126 % | ||
| S3 | 676.00 | -0.295 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 700.00 | 3.24 % | |
| R2 | 696.00 | 2.65 % | ||
| R1 | 680.00 | 0.295 % | ||
| Current price | 678.00 | |||
| Support | S1 | 675.00 | -0.442% | |
| S2 | 672.00 | -0.88% | ||
| S3 | 667.00 | -1.62% |
2408 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2024 | Jun 19, 2024 | Jun 19, 2024 | JP¥0 | 0% |
| 2 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | JP¥5.00 | 1.28% |
| 3 | Dec 19, 2022 | Dec 19, 2022 | Dec 19, 2022 | JP¥6.70 | 1.87% |
| 4 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | JP¥5.00 | 1.44% |
| 5 | Dec 17, 2021 | Dec 17, 2021 | Dec 17, 2021 | JP¥5.00 | 1.46% |
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