KIKKOMAN CORPORATION Stock Forecast
Green day on Friday for KIKKOMAN CORPORATION stock after gaining 1.01%
(Updated on Apr 26, 2024)
The KIKKOMAN CORPORATION stock price gained 1.01% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,938.50 to JP¥1,958.00. During the last trading day the stock fluctuated 2.35% from a day low at JP¥1,913.00 to a day high of JP¥1,958.00. The price has risen in 6 of the last 10 days and is up by 1.53% 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, 206 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately JP¥3.92 billion.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,042.36 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -60.86% during the next 3 months and, with a 90% probability hold a price between JP¥407.98 and JP¥2,513.94 at the end of this 3-month period.
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2801.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.21%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KIKKOMAN CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥4,822.99. On a fall, the stock will find some support from the short-term average at JP¥1,924.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for KIKKOMAN CORPORATION stock
KIKKOMAN CORPORATION finds support from accumulated volume at JP¥1,936.00 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¥45.00 between high and low, or 2.35%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2801.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect KIKKOMAN CORPORATION to open at JP¥1,943.00, and during the day (based on 14 day Average True Range), to move between JP¥1,754.13 and JP¥2,161.87, which gives a possible trading interval of +/-JP¥203.87 (+/-10.41%) up or down from last closing price. If KIKKOMAN CORPORATION takes out the full calculated possible swing range there will be an estimated 20.82% 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¥1,963.00 (0.26%) than the support at JP¥1,936.00 (1.12%), 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 KIKKOMAN CORPORATION stock A Buy?
KIKKOMAN CORPORATION holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.067 Sell Candidate Unchanged
Predicted Opening Price for KIKKOMAN CORPORATION of Tuesday, April 30, 2024
Fair opening price April 30, 2024 | Current price |
---|---|
JP¥1,943.00 ( 0.766%) | JP¥1,958.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2801.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,988.00 | 1.53 % | |
R2 | 1,970.81 | 0.654 % | ||
R1 | 1,960.19 | 0.112 % | ||
Current price: | 1,958.00 | |||
Support | S1 | 1,925.81 | -1.64 % | |
S2 | 1,915.19 | -2.19 % | ||
S3 | 1,898.00 | -3.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 1,969.00 | 0.562 % | ||
R1 | 1,963.00 | 0.255 % | ||
Current price | 1,958.00 | |||
Support | S1 | 1,936.00 | -1.12% | |
S2 | 1,902.00 | -2.86% | ||
S3 | 1,861.00 | -4.95% |
2801 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 0.737% |
2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 1.82% |
3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥39.00 | 2.35% |
4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥22.00 | 1.20% |
5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥24.00 | 1.78% |
FAQ
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