Kurotani Corporation Stock Forecast
Kurotani Corporation stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The Kurotani Corporation stock price gained 1.75% on the last trading day (Thursday, 2nd May 2024), rising from JP¥684.00 to JP¥696.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.75% from a day low at JP¥686.00 to a day high of JP¥698.00. The price has risen in 6 of the last 10 days and is up by 10.48% 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, 16 thousand more shares were traded than the day before. In total, 40 thousand shares were bought and sold for approximately JP¥28.12 million.
The stock lies in the middle of a wide and strong 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 11.22% during the next 3 months and, with a 90% probability hold a price between JP¥714.39 and JP¥801.06 at the end of this 3-month period.
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3168.T Signals & Forecast
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¥670.86 and JP¥635.57. 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 10.48%. 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 Kurotani Corporation stock
Kurotani Corporation finds support from accumulated volume at JP¥692.00 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¥12.00 between high and low, or 1.75%. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: JP¥667.88 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (3168.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Kurotani Corporation to open at JP¥693.33, and during the day (based on 14 day Average True Range), to move between JP¥675.39 and JP¥716.61, which gives a possible trading interval of +/-JP¥20.61 (+/-2.96%) up or down from last closing price. If Kurotani Corporation takes out the full calculated possible swing range there will be an estimated 5.92% 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¥692.00 (0.57%) than the resistance at JP¥701.00 (0.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kurotani Corporation stock A Buy?
Kurotani Corporation holds several positive signals and is within a strong 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: 6.469 Strong Buy Candidate Upgraded
Predicted Opening Price for Kurotani Corporation of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
JP¥693.33 ( 0.383%) | JP¥696.00 |
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 | 705.33 | 1.34 % | |
R2 | 700.75 | 0.682 % | ||
R1 | 697.92 | 0.275 % | ||
Current price: | 696.00 | |||
Support | S1 | 688.75 | -1.04 % | |
S2 | 685.92 | -1.45 % | ||
S3 | 681.33 | -2.11 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 703.00 | 1.01 % | ||
R1 | 701.00 | 0.718 % | ||
Current price | 696.00 | |||
Support | S1 | 692.00 | -0.575% | |
S2 | 669.00 | -3.88% | ||
S3 | 663.00 | -4.74% |
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
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