I.K Co.,Ltd. Stock Forecast
Strong day for I.K Co.,Ltd. stock price on Friday rising 5.38% to JP¥411.00
(Updated on Jun 28, 2024)
The I.K Co.,Ltd. stock price gained 5.38% on the last trading day (Friday, 28th Jun 2024), rising from JP¥390.00 to JP¥411.00. During the last trading day the stock fluctuated 4.04% from a day low at JP¥396.00 to a day high of JP¥412.00. The price has fallen in 5 of the last 10 days but is still up by 5.12% 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, 35 thousand more shares were traded than the day before. In total, 52 thousand shares were bought and sold for approximately JP¥21.21 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect I.K Co.,Ltd. stock with a 90% probability to be traded between JP¥369.37 and JP¥435.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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2722.T Signals & Forecast
Mostly positive signals in the chart today. The I.K Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥385.29 and JP¥403.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 10.19%. 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 I.K Co.,Ltd. stock
I.K Co.,Ltd. finds support from accumulated volume at JP¥398.00 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¥16.00 between high and low, or 4.04%. For the last week, the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: JP¥395.55 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (2722.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect I.K Co.,Ltd. to open at JP¥406.33, and during the day (based on 14 day Average True Range), to move between JP¥400.17 and JP¥421.83, which gives a possible trading interval of +/-JP¥10.83 (+/-2.63%) up or down from last closing price. If I.K Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.27% 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¥415.00 (0.97%) than the support at JP¥398.00 (3.16%), 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 I.K Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for I.K Co.,Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.229 Buy Candidate Upgraded
Predicted Opening Price for I.K Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥406.33 ( 1.14%) | JP¥411.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2722.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 422.33 | 2.76% |
| R2 | 416.22 | 1.27% |
| R1 | 412.45 | 0.352% |
| Price | 411.00 | |
| S1 | 400.22 | -2.62% |
| S2 | 396.45 | -3.54% |
| S3 | 390.33 | -5.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 427.00 | 3.89% |
| R2 | 419.00 | 1.95% |
| R1 | 415.00 | 0.97% |
| Price | 411.00 | |
| S1 | 398.00 | -3.16% |
| S2 | 391.00 | -4.87% |
| S3 | 373.00 | -9.25% |
2722 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Aug 01, 2024 | JP¥5.00 | 1.22% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥12.00 | 3.03% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥12.00 | 2.23% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | JP¥12.00 | 1.53% |
| 5 | May 28, 2020 | May 28, 2020 | May 28, 2020 | JP¥12.00 | 1.87% |
FAQ
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