Komehyo Co.,Ltd. Stock Forecast
Stronger technical forecast for Komehyo Co.,Ltd. stock price after Friday trading.
(Updated on May 10, 2024)
The Komehyo Co.,Ltd. stock price gained 1.31% on the last trading day (Friday, 10th May 2024), rising from JP¥4,185.00 to JP¥4,240.00. During the last trading day the stock fluctuated 6.16% from a day low at JP¥4,060.00 to a day high of JP¥4,310.00. The price has risen in 7 of the last 10 days and is up by 19.1% over the past 2 weeks. Volume fell on the last day by -231 thousand shares and in total, 484 thousand shares were bought and sold for approximately JP¥2.05 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and 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 -3.05% during the next 3 months and, with a 90% probability hold a price between JP¥3,252.83 and JP¥4,460.19 at the end of this 3-month period.
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2780.T Signals & Forecast
Mostly positive signals in the chart today. The Komehyo Co.,Ltd. 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¥3,892.14 and JP¥3,754.57. 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 25.26%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Komehyo Co.,Ltd. stock
Komehyo Co.,Ltd. finds support from accumulated volume at JP¥4,185.00 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¥250.00 between high and low, or 6.16%. For the last week, the stock has had daily average volatility of 6.02%.
Our recommended stop-loss: JP¥4,113.65 (-2.98%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (2780.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Komehyo Co.,Ltd. to open at JP¥4,203.33, and during the day (based on 14 day Average True Range), to move between JP¥4,072.14 and JP¥4,407.86, which gives a possible trading interval of +/-JP¥167.86 (+/-3.96%) up or down from last closing price. If Komehyo Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 7.92% 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¥4,185.00 (1.30%) than the resistance at JP¥4,745.00 (11.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Komehyo Co.,Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.125 Buy Candidate Upgraded
Predicted Opening Price for Komehyo Co.,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥4,203.33 ( 0.86%) | JP¥4,240.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2780.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,453.33 | 5.03 % | |
| R2 | 4,357.83 | 2.78 % | ||
| R1 | 4,298.83 | 1.39 % | ||
| Current price: | 4,240.00 | |||
| Support | S1 | 4,107.83 | -3.12 % | |
| S2 | 4,048.83 | -4.51 % | ||
| S3 | 3,953.33 | -6.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 4,745.00 | 11.91 % | ||
| Current price | 4,240.00 | |||
| Support | S1 | 4,185.00 | -1.30% | |
| S2 | 4,020.00 | -5.19% | ||
| S3 | 3,690.00 | -12.97% |
2780 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 1.43% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 0.81% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 1.09% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥12.00 | 0.601% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥8.00 | 0.729% |
FAQ
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