KFC,Ltd. Stock Forecast

Evaluation of KFC,Ltd. stock downgraded after the last trading session.
(Updated on Apr 25, 2024)

3420.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.796%. Further rise is indicated until a new top pivot has been found. 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. The KFC,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¥1,519.29 and JP¥1,524.03. 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). The stock had a Golden Star Signal on Tuesday, April 02, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for KFC,Ltd. stock

KFC,Ltd. finds support from accumulated volume at JP¥1,518.00 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¥27.00 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 2.25%.

Our recommended stop-loss: JP¥1,436.23 (-5.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (3420.T) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect KFC,Ltd. to open at JP¥1,520.67, and during the day (based on 14 day Average True Range), to move between JP¥1,480.08 and JP¥1,557.92, which gives a possible trading interval of +/-JP¥38.92 (+/-2.56%) up or down from last closing price. If KFC,Ltd. takes out the full calculated possible swing range there will be an estimated 5.12% 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¥1,518.00 (0.07%) than the resistance at JP¥1,539.00 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is KFC,Ltd. stock A Buy?

KFC,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.783 Hold/Accumulate Downgraded

Predicted Opening Price for KFC,Ltd. of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.