Kewpie Corporation Stock Forecast
Evaluation of Kewpie Corporation stock downgraded after the last trading session.
(Updated on Jun 21, 2024)
The Kewpie Corporation stock price fell by -0.128% on the last day (Friday, 21st Jun 2024) from JP¥3,117.00 to JP¥3,113.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.38% from a day low at JP¥3,110.00 to a day high of JP¥3,153.00. The price has been going up and down for this period, and there has been a 0.26% gain for the last 2 weeks. Volume has increased on the last day by 416 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 687 thousand shares were bought and sold for approximately JP¥2.14 billion.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.87% during the next 3 months and, with a 90% probability hold a price between JP¥3,199.29 and JP¥3,702.94 at the end of this 3-month period.
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2809.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 Kewpie Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥3,140.71 and JP¥3,126.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -3.53%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kewpie Corporation stock
Kewpie Corporation finds support from accumulated volume at JP¥3,105.00 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¥43.00 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2809.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Kewpie Corporation to open at JP¥3,125.33, and during the day (based on 14 day Average True Range), to move between JP¥3,070.55 and JP¥3,155.45, which gives a possible trading interval of +/-JP¥42.45 (+/-1.36%) up or down from last closing price. If Kewpie Corporation takes out the full calculated possible swing range there will be an estimated 2.73% 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¥3,105.00 (0.26%) than the resistance at JP¥3,123.00 (0.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kewpie Corporation stock A Buy?
The Kewpie Corporation stock holds several negative signals and despite the positive trend, we believe Kewpie Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.314 Strong Sell Candidate Downgraded
Predicted Opening Price for Kewpie Corporation of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥3,125.33 ( 0.396%) | JP¥3,113.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2809.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,168.33 | 1.78% |
| R2 | 3,151.91 | 1.25% |
| R1 | 3,141.76 | 0.92% |
| Price | 3,113.00 | |
| S1 | 3,108.91 | -0.131% |
| S2 | 3,098.76 | -0.457% |
| S3 | 3,082.33 | -0.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,227.00 | 3.66% |
| R2 | 3,178.00 | 2.09% |
| R1 | 3,123.00 | 0.321% |
| Price | 3,113.00 | |
| S1 | 3,105.00 | -0.257% |
| S2 | 3,100.00 | -0.418% |
| S3 | 3,086.00 | -0.87% |
2809 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 28, 2024 | Nov 28, 2024 | Nov 28, 2024 | JP¥0 | 0% |
| 2 | May 30, 2024 | May 30, 2024 | Aug 01, 2024 | JP¥23.00 | 0.739% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Feb 08, 2024 | JP¥27.00 | 1.04% |
| 4 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥23.00 | 1.03% |
| 5 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥27.00 | 1.10% |
FAQ
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