KURARAY CO.,LTD. Stock Forecast
KURARAY CO.,LTD. stock price up 2.90% on Tuesday
(Updated on Jun 25, 2024)
The KURARAY CO.,LTD. stock price gained 2.90% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥1,848.00 to JP¥1,901.50. 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 1.79% from a day low at JP¥1,870.00 to a day high of JP¥1,903.50. The price has risen in 6 of the last 10 days and is up by 3.82% over the past 2 weeks. Volume fell on the last day by -294 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥2.82 billion. 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 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 16.04% during the next 3 months and, with a 90% probability hold a price between JP¥2,109.36 and JP¥2,381.51 at the end of this 3-month period.
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3405.T Signals & Forecast
The KURARAY 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¥1,829.43 and JP¥1,851.66. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -2.34%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for KURARAY CO.,LTD. stock
KURARAY CO.,LTD. finds support from accumulated volume at JP¥1,892.50 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¥33.50 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: JP¥1,826.43 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (3405.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect KURARAY CO.,LTD. to open at JP¥1,891.67, and during the day (based on 14 day Average True Range), to move between JP¥1,862.28 and JP¥1,940.72, which gives a possible trading interval of +/-JP¥39.22 (+/-2.06%) up or down from last closing price. If KURARAY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.13% 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¥1,910.50 (0.47%) than the support at JP¥1,892.50 (0.47%), 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 KURARAY 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 KURARAY CO.,LTD. stock to perform well in the short-term.
Current score: 2.859 Buy Candidate Unchanged
Predicted Opening Price for KURARAY CO.,LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥1,891.67 ( 0.517%) | JP¥1,901.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3405.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,925.17 | 1.24% |
| R2 | 1,912.37 | 0.572% |
| R1 | 1,904.46 | 0.156% |
| Price | 1,901.50 | |
| S1 | 1,878.87 | -1.19% |
| S2 | 1,870.96 | -1.61% |
| S3 | 1,858.17 | -2.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,933.00 | 1.66% |
| R2 | 1,926.00 | 1.29% |
| R1 | 1,910.50 | 0.473% |
| Price | 1,901.50 | |
| S1 | 1,892.50 | -0.473% |
| S2 | 1,865.00 | -1.92% |
| S3 | 1,700.00 | -10.60% |
3405 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥25.00 | 1.31% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 28, 2024 | JP¥25.00 | 1.55% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥24.00 | 1.72% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥23.00 | 2.17% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥21.00 | 1.92% |
FAQ
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