Kyland Technology Co., Ltd. Stock Forecast
High volatility in Kyland Technology Co., Ltd. stock price on Wednesday which ended trading at ¥7.55
(Updated on Jun 26, 2024)
The Kyland Technology Co., Ltd. stock price gained 3.57% on the last trading day (Wednesday, 26th Jun 2024), rising from ¥7.29 to ¥7.55. During the last trading day the stock fluctuated 10.03% from a day low at ¥7.08 to a day high of ¥7.79. The price has fallen in 6 of the last 10 days but is still up by 3% 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, 340 thousand more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately ¥87.41 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.57% during the next 3 months and, with a 90% probability hold a price between ¥5.39 and ¥6.17 at the end of this 3-month period. 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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300353.SZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.28%. 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. The Kyland Technology Co., Ltd. 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 ¥7.60 and ¥7.92. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kyland Technology Co., Ltd. stock
Kyland Technology Co., Ltd. finds support from accumulated volume at ¥7.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.710 between high and low, or 10.03%. For the last week, the stock has had daily average volatility of 9.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (300353.SZ) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Kyland Technology Co., Ltd. to open at ¥7.47, and during the day (based on 14 day Average True Range), to move between ¥6.98 and ¥8.12, which gives a possible trading interval of +/-¥0.572 (+/-7.57%) up or down from last closing price. If Kyland Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 15.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥7.44 (1.46%) than the resistance at ¥8.13 (7.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kyland Technology Co., Ltd. stock A Buy?
Kyland Technology Co., Ltd. holds several negative signals and is within a 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: -2.046 Sell Candidate Unchanged
Predicted Opening Price for Kyland Technology Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ¥7.47 ( 1.02%) | ¥7.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300353.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.18 | 8.39% |
| R2 | 7.91 | 4.80% |
| R1 | 7.74 | 2.58% |
| Price | 7.55 | |
| S1 | 7.20 | -4.61% |
| S2 | 7.03 | -6.83% |
| S3 | 6.76 | -10.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.53 | 12.98% |
| R2 | 8.37 | 10.86% |
| R1 | 8.13 | 7.68% |
| Price | 7.55 | |
| S1 | 7.44 | -1.46% |
| S2 | 7.30 | -3.31% |
| S3 | 7.27 | -3.71% |
300353 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2019 | Jun 04, 2019 | Jun 04, 2019 | ¥0.0380 | 0.295% |
| 2 | Jun 15, 2018 | Jun 15, 2018 | Jun 15, 2018 | ¥0.0500 | 0.413% |
| 3 | May 18, 2017 | May 18, 2017 | May 18, 2017 | ¥0.0480 | 0.357% |
| 4 | May 25, 2016 | May 25, 2016 | May 25, 2016 | ¥0.0100 | 0.0617% |
| 5 | Sep 29, 2015 | Sep 29, 2015 | Sep 29, 2015 | ¥0.0125 | 0.0328% |
FAQ
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