KEY COFFEE INC Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for KEY COFFEE INC stock after gaining 0.148%
(Updated on May 07, 2024)
The KEY COFFEE INC stock price gained 0.148% on the last trading day (Tuesday, 7th May 2024), rising from JP¥2,027.00 to JP¥2,030.00. During the last trading day the stock fluctuated 0.594% from a day low at JP¥2,020.00 to a day high of JP¥2,032.00. The price has risen in 6 of the last 10 days and is up by 1.3% 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, 18 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately JP¥91.96 million.
Given the current short-term trend, the stock is expected to fall -2.07% during the next 3 months and, with a 90% probability hold a price between JP¥1,942.83 and JP¥1,987.92 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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2594.T Signals & Forecast
The KEY COFFEE 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¥2,022.43 and JP¥2,018.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.86%. 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 KEY COFFEE INC stock
KEY COFFEE INC finds support from accumulated volume at JP¥2,008.00 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¥12.00 between high and low, or 0.594%. For the last week the stock has had daily average volatility of 0.486%.
Our recommended stop-loss: JP¥1,921.13 (-5.36%) (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 (2594.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect KEY COFFEE INC to open at JP¥2,027.33, and during the day (based on 14 day Average True Range), to move between JP¥2,019.47 and JP¥2,040.53, which gives a possible trading interval of +/-JP¥10.53 (+/-0.52%) up or down from last closing price. If KEY COFFEE INC takes out the full calculated possible swing range there will be an estimated 1.04% 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¥2,033.00 (0.15%) than the support at JP¥2,008.00 (1.08%), 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.
Earnings coming up
KEY COFFEE INC will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for KEY COFFEE INC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.44% in the first trading day after earnings release.
Is KEY COFFEE INC stock A Buy?
KEY COFFEE INC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.252 Hold/Accumulate Unchanged
Predicted Opening Price for KEY COFFEE INC of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥2,027.33 ( 0.131%) | JP¥2,030.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2594.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,039.33 | 0.460 % | |
| R2 | 2,034.75 | 0.234 % | ||
| R1 | 2,031.92 | 0.0944 % | ||
| Current price: | 2,030.00 | |||
| Support | S1 | 2,022.75 | -0.357 % | |
| S2 | 2,019.92 | -0.497 % | ||
| S3 | 2,015.33 | -0.722 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,039.00 | 0.443 % | |
| R2 | 2,036.00 | 0.296 % | ||
| R1 | 2,033.00 | 0.148 % | ||
| Current price | 2,030.00 | |||
| Support | S1 | 2,008.00 | -1.08% | |
| S2 | 2,001.00 | -1.43% | ||
| S3 | 1,998.00 | -1.58% |
2594 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 0.247% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 0.240% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.250% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥5.00 | 0.232% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥5.00 | 0.229% |
FAQ
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