Katakura Industries Co.,Ltd. Stock Forecast
Katakura Industries Co.,Ltd. stock price ended at JP¥1,875.00 on Thursday, after gaining 0.375%.
(Updated on May 02, 2024)
The Katakura Industries Co.,Ltd. stock price gained 0.375% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,868.00 to JP¥1,875.00. During the last trading day the stock fluctuated 1.19% from a day low at JP¥1,853.00 to a day high of JP¥1,875.00. The price has risen in 6 of the last 10 days and is up by 1.02% over the past 2 weeks. Volume fell on the last day by -54 thousand shares and in total, 12 thousand shares were bought and sold for approximately JP¥22.88 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 middle of a 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 6.47% during the next 3 months and, with a 90% probability hold a price between JP¥1,961.77 and JP¥2,129.25 at the end of this 3-month period.
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3001.T Signals & Forecast
The Katakura Industries Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,867.00 and JP¥1,868.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.68%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Katakura Industries Co.,Ltd. stock
Katakura Industries Co.,Ltd. finds support from accumulated volume at JP¥1,866.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥22.00 (1.19%) between high and low. For the last week, the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: JP¥1,779.83 (-5.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (3001.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Katakura Industries Co.,Ltd. to open at JP¥1,867.67, and during the day (based on 14 day Average True Range), to move between JP¥1,827.26 and JP¥1,922.74, which gives a possible trading interval of +/-JP¥47.74 (+/-2.55%) up or down from last closing price. If Katakura Industries Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.09% 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¥1,866.00 (0.48%) than the resistance at JP¥1,903.00 (1.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Katakura Industries Co.,Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Katakura Industries Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.72% in the first trading day after earnings release.
Is Katakura Industries 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 Katakura Industries Co.,Ltd. stock to perform well in the short-term.
Current score: 1.772 Buy Candidate Unchanged
Predicted Opening Price for Katakura Industries Co.,Ltd. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
JP¥1,867.67 ( 0.391%) | JP¥1,875.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3001.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,889.67 | 0.782 % | |
R2 | 1,881.26 | 0.334 % | ||
R1 | 1,876.07 | 0.0571 % | ||
Current price: | 1,875.00 | |||
Support | S1 | 1,859.26 | -0.84 % | |
S2 | 1,854.07 | -1.12 % | ||
S3 | 1,845.67 | -1.56 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,973.00 | 5.23 % | |
R2 | 1,917.00 | 2.24 % | ||
R1 | 1,903.00 | 1.49 % | ||
Current price | 1,875.00 | |||
Support | S1 | 1,866.00 | -0.480% | |
S2 | 1,858.00 | -0.91% | ||
S3 | 1,747.00 | -6.83% |
3001 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, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥16.00 | 0.93% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥4.00 | 0.160% |
4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥14.00 | 1.04% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥2.00 | 0.148% |
FAQ
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