Komehyo Co.,Ltd. Stock Forecast
Komehyo Co.,Ltd. stock upgraded to Buy Candidate.
(Updated on May 22, 2024)
The Komehyo Co.,Ltd. stock price gained 2.71% on the last trading day (Wednesday, 22nd May 2024), rising from JP¥4,435.00 to JP¥4,555.00. During the last trading day the stock fluctuated 3.61% from a day low at JP¥4,435.00 to a day high of JP¥4,595.00. The price has risen in 6 of the last 10 days and is up by 22.45% over the past 2 weeks. Volume fell on the last day by -70 thousand shares and in total, 121 thousand shares were bought and sold for approximately JP¥552.98 million. 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 upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥4,698.05 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.05% during the next 3 months and, with a 90% probability hold a price between JP¥4,038.13 and JP¥5,311.12 at the end of this 3-month period.
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2780.T Signals & Forecast
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¥4,551.43 and JP¥3,909.86. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -2.46%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Komehyo Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥4,185.00 and JP¥4,020.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Komehyo Co.,Ltd. finds support just below today's level at JP¥4,185.00. If this is broken, then the next support from accumulated volume will be at JP¥4,020.00 and JP¥3,640.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥160.00 between high and low, or 3.61%. For the last week, the stock has had daily average volatility of 4.10%.
Our recommended stop-loss: JP¥4,414.71 (-3.08%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (2780.T) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Komehyo Co.,Ltd. to open at JP¥4,528.33, and during the day (based on 14 day Average True Range), to move between JP¥4,368.50 and JP¥4,741.50, which gives a possible trading interval of +/-JP¥186.50 (+/-4.09%) up or down from last closing price. If Komehyo Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 8.19% 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¥4,600.00 (0.99%) than the support at JP¥4,185.00 (8.12%), 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 Komehyo Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Komehyo Co.,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.207 Buy Candidate Upgraded
Predicted Opening Price for Komehyo Co.,Ltd. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| JP¥4,528.33 ( 0.585%) | JP¥4,555.00 |
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 | 4,688.33 | 2.93 % | |
| R2 | 4,627.21 | 1.59 % | ||
| R1 | 4,589.45 | 0.756 % | ||
| Current price: | 4,555.00 | |||
| Support | S1 | 4,467.21 | -1.93 % | |
| S2 | 4,429.45 | -2.76 % | ||
| S3 | 4,368.33 | -4.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,670.00 | 2.52 % | |
| R2 | 4,620.00 | 1.43 % | ||
| R1 | 4,600.00 | 0.99 % | ||
| Current price | 4,555.00 | |||
| Support | S1 | 4,185.00 | -8.12% | |
| S2 | 4,020.00 | -11.75% | ||
| S3 | 3,640.00 | -20.09% |
2780 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 1.43% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 0.81% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 1.09% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥12.00 | 0.601% |
FAQ
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