KURARAY CO.,LTD. Stock Forecast
Evaluation of KURARAY CO.,LTD. stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The KURARAY CO.,LTD. stock price fell by -0.99% on the last day (Friday, 28th Jun 2024) from JP¥1,868.00 to JP¥1,849.50. During the last trading day the stock fluctuated 1.61% from a day low at JP¥1,837.50 to a day high of JP¥1,867.00. The price has been going up and down for this period, and there has been a -0.32% loss for the last 2 weeks. Volume has increased on the last day by 335 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately JP¥2.94 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,829.52 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.70% during the next 3 months and, with a 90% probability hold a price between JP¥2,098.51 and JP¥2,360.12 at the end of this 3-month period.
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3405.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The KURARAY 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 JP¥1,854.86 and JP¥1,864.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -5.01%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KURARAY CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,733.00 and JP¥1,707.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KURARAY CO.,LTD. finds support just below today's level at JP¥1,733.00. If this is broken, then the next support from accumulated volume will be at JP¥1,707.00 and JP¥1,700.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥29.50 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3405.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect KURARAY CO.,LTD. to open at JP¥1,851.33, and during the day (based on 14 day Average True Range), to move between JP¥1,811.35 and JP¥1,887.65, which gives a possible trading interval of +/-JP¥38.15 (+/-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¥1,865.00 (0.84%) than the support at JP¥1,733.00 (6.30%), 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?
The KURARAY CO.,LTD. stock holds several negative signals and despite the positive trend, we believe KURARAY CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.725 Sell Candidate Downgraded
Predicted Opening Price for KURARAY CO.,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥1,851.33 ( 0.0991%) | JP¥1,849.50 |
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 | 1,880.83 | 1.69% |
| R2 | 1,869.56 | 1.08% |
| R1 | 1,862.60 | 0.708% |
| Price | 1,849.50 | |
| S1 | 1,840.06 | -0.510% |
| S2 | 1,833.10 | -0.89% |
| S3 | 1,821.83 | -1.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,910.50 | 3.30% |
| R2 | 1,892.50 | 2.32% |
| R1 | 1,865.00 | 0.84% |
| Price | 1,849.50 | |
| S1 | 1,733.00 | -6.30% |
| S2 | 1,707.00 | -7.70% |
| S3 | 1,700.00 | -8.08% |
3405 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥25.00 | 1.35% |
| 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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