Kurotani Corporation Stock Forecast
Green day on Wednesday for Kurotani Corporation
(Updated on Apr 24, 2024)
The Kurotani Corporation stock price gained 0.457% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥657.00 to JP¥660.00. During the last trading day the stock fluctuated 3.19% from a day low at JP¥658.00 to a day high of JP¥679.00. The price has fallen in 5 of the last 10 days and is down by -4.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 thousand more shares were traded than the day before. In total, 83 thousand shares were bought and sold for approximately JP¥54.58 million.
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 7.56% during the next 3 months and, with a 90% probability hold a price between JP¥682.02 and JP¥764.06 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3168.T Signals & Forecast
Mostly positive signals in the chart today. The Kurotani Corporation 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¥642.00 and JP¥624.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Kurotani Corporation stock
Kurotani Corporation finds support from accumulated volume at JP¥635.00 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 JP¥21.00 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 3.37%.
Our recommended stop-loss: JP¥631.41 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (3168.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Kurotani Corporation to open at JP¥665.67, and during the day (based on 14 day Average True Range), to move between JP¥638.84 and JP¥681.16, which gives a possible trading interval of +/-JP¥21.16 (+/-3.21%) up or down from last closing price. If Kurotani Corporation takes out the full calculated possible swing range there will be an estimated 6.41% 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¥663.00 (0.45%) than the support at JP¥635.00 (3.79%), 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.
Is Kurotani Corporation stock A Buy?
Kurotani Corporation 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.
Current score: 5.886 Strong Buy Candidate Unchanged
Predicted Opening Price for Kurotani Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥665.67 ( 0.86%) | JP¥660.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3168.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 686.67 | 4.04 % | |
| R2 | 678.64 | 2.82 % | ||
| R1 | 673.69 | 2.07 % | ||
| Current price: | 660.00 | |||
| Support | S1 | 657.64 | -0.357 % | |
| S2 | 652.69 | -1.11 % | ||
| S3 | 644.67 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 692.00 | 4.85 % | |
| R2 | 669.00 | 1.36 % | ||
| R1 | 663.00 | 0.455 % | ||
| Current price | 660.00 | |||
| Support | S1 | 635.00 | -3.79% | |
| S2 | 608.00 | -7.88% | ||
| S3 | 599.00 | -9.24% |
3168 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥10.00 | 1.65% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥10.00 | 1.67% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥10.00 | 1.65% |
FAQ
Click here for our free guide on how to buy Kurotani Corporation Stock.
