KAGOME CO.,LTD. Stock Forecast
Stronger technical forecast for KAGOME CO.,LTD. stock price after Friday trading.
(Updated on Apr 26, 2024)
The KAGOME CO.,LTD. stock price gained 3.52% on the last trading day (Friday, 26th Apr 2024), rising from JP¥3,694.00 to JP¥3,824.00. During the last trading day the stock fluctuated 4.14% from a day low at JP¥3,672.00 to a day high of JP¥3,824.00. The price has risen in 6 of the last 10 days and is up by 3.21% 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, 290 thousand more shares were traded than the day before. In total, 409 thousand shares were bought and sold for approximately JP¥1.56 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 3.64% during the next 3 months and, with a 90% probability hold a price between JP¥3,515.14 and JP¥4,103.59 at the end of this 3-month period.
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2811.T Signals & Forecast
The KAGOME 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¥3,688.57 and JP¥3,625.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 15.39%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KAGOME CO.,LTD. stock
KAGOME CO.,LTD. finds support from accumulated volume at JP¥3,698.00 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¥152.00 between high and low, or 4.14%. For the last week the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: JP¥3,681.75 (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (2811.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect KAGOME CO.,LTD. to open at JP¥3,773.33, and during the day (based on 14 day Average True Range), to move between JP¥3,750.80 and JP¥3,897.20, which gives a possible trading interval of +/-JP¥73.20 (+/-1.91%) up or down from last closing price. If KAGOME CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.83% 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¥3,827.00 (0.08%) than the support at JP¥3,698.00 (3.29%), 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.
Earnings coming up
KAGOME CO.,LTD. will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $101.31. We will update the financials statements for KAGOME CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.51% in the first trading day after earnings release.
Is KAGOME CO.,LTD. stock A Buy?
KAGOME CO.,LTD. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.112 Strong Buy Candidate Upgraded
Predicted Opening Price for KAGOME CO.,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥3,773.33 ( 1.32%) | JP¥3,824.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2811.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,925.33 | 2.65 % | |
| R2 | 3,867.27 | 1.13 % | ||
| R1 | 3,831.40 | 0.193 % | ||
| Current price: | 3,824.00 | |||
| Support | S1 | 3,715.27 | -2.84 % | |
| S2 | 3,679.40 | -3.78 % | ||
| S3 | 3,621.33 | -5.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 3,827.00 | 0.0785 % | ||
| Current price | 3,824.00 | |||
| Support | S1 | 3,698.00 | -3.29% | |
| S2 | 3,604.00 | -5.75% | ||
| S3 | 3,532.00 | -7.64% |
2811 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2023 | Dec 29, 2023 | Mar 05, 2024 | JP¥38.00 | 1.14% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥38.00 | 1.23% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥37.00 | 1.23% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥36.00 | 0.98% |
FAQ
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