KIKKOMAN CORPORATION Stock Forecast
Red day on Thursday for KIKKOMAN CORPORATION
(Updated on May 09, 2024)
The KIKKOMAN CORPORATION stock price fell by -0.788% on the last day (Thursday, 9th May 2024) from JP¥1,839.00 to JP¥1,824.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.17% from a day low at JP¥1,801.00 to a day high of JP¥1,840.00. The price has been going up and down for this period, and there has been a -5% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -831 thousand shares and in total, 2 million shares were bought and sold for approximately JP¥3.68 billion.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥1,418.76, a level that may pose a second chance to hit a runner. According to fan-theory JP¥6,247.05 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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2801.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The KIKKOMAN CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,887.71 and JP¥3,514.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -81.99%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for KIKKOMAN CORPORATION stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥39.00 between high and low, or 2.17%. For the last week the stock has had daily average volatility of 2.78%.
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 Friday 10th
For the upcoming trading day on Friday, 10th we expect KIKKOMAN CORPORATION to open at JP¥1,821.83, and during the day (based on 14 day Average True Range), to move between JP¥1,672.88 and JP¥1,976.12, which gives a possible trading interval of +/-JP¥151.62 (+/-8.31%) up or down from last closing price. If KIKKOMAN CORPORATION takes out the full calculated possible swing range there will be an estimated 16.62% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥1,887.50, some JP¥63.00 (3.45%) from the current price of JP¥1,824.50, our system finds the risk reward not very attractive.
Is KIKKOMAN CORPORATION stock A Buy?
KIKKOMAN CORPORATION holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.973 Sell Candidate Unchanged
Predicted Opening Price for KIKKOMAN CORPORATION of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥1,821.83 ( 0.146%) | JP¥1,824.50 |
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 | 1,860.83 | 1.99 % | |
| R2 | 1,845.94 | 1.17 % | ||
| R1 | 1,836.73 | 0.670 % | ||
| Current price: | 1,824.50 | |||
| Support | S1 | 1,806.94 | -0.96 % | |
| S2 | 1,797.73 | -1.47 % | ||
| S3 | 1,782.83 | -2.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,969.00 | 7.92 % | |
| R2 | 1,936.00 | 6.11 % | ||
| R1 | 1,887.50 | 3.45 % | ||
| Current price | 1,824.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
2801 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¥10.00 | 0.737% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 1.82% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥39.00 | 2.35% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥22.00 | 1.20% |
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