KUSHIKATSU TANAKA HOLDINGS CO. Stock Forecast
KUSHIKATSU TANAKA HOLDINGS CO. stock price up 0.481% on Monday
(Updated on May 13, 2024)
The KUSHIKATSU TANAKA HOLDINGS CO. stock price gained 0.481% on the last trading day (Monday, 13th May 2024), rising from JP¥1,662.00 to JP¥1,670.00. During the last trading day the stock fluctuated 1.21% from a day low at JP¥1,657.00 to a day high of JP¥1,677.00. The price has fallen in 6 of the last 10 days and is down by -0.42% for this period. Volume fell on the last day by -5 thousand shares and in total, 22 thousand shares were bought and sold for approximately JP¥36.24 million. 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.94% during the next 3 months and, with a 90% probability hold a price between JP¥1,551.20 and JP¥1,680.92 at the end of this 3-month period.
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3547.T Signals & Forecast
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 KUSHIKATSU TANAKA HOLDINGS CO. 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¥1,671.57 and JP¥1,691.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -2.74%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KUSHIKATSU TANAKA HOLDINGS CO. stock
KUSHIKATSU TANAKA HOLDINGS CO. finds support from accumulated volume at JP¥1,661.00 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¥20.00 (1.21%) between high and low. For the last week, the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3547.T) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect KUSHIKATSU TANAKA HOLDINGS CO. to open at JP¥1,668.00, and during the day (based on 14 day Average True Range), to move between JP¥1,632.19 and JP¥1,707.81, which gives a possible trading interval of +/-JP¥37.81 (+/-2.26%) up or down from last closing price. If KUSHIKATSU TANAKA HOLDINGS CO. takes out the full calculated possible swing range there will be an estimated 4.53% 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¥1,661.00 (0.54%) than the resistance at JP¥1,717.00 (2.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KUSHIKATSU TANAKA HOLDINGS CO. stock A Buy?
KUSHIKATSU TANAKA HOLDINGS CO. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.175 Sell Candidate Unchanged
Predicted Opening Price for KUSHIKATSU TANAKA HOLDINGS CO. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| JP¥1,668.00 ( 0.120%) | JP¥1,670.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3547.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,688.00 | 1.08 % | |
| R2 | 1,680.36 | 0.620 % | ||
| R1 | 1,675.64 | 0.338 % | ||
| Current price: | 1,670.00 | |||
| Support | S1 | 1,660.36 | -0.577 % | |
| S2 | 1,655.64 | -0.86 % | ||
| S3 | 1,648.00 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,771.00 | 6.05 % | |
| R2 | 1,752.00 | 4.91 % | ||
| R1 | 1,717.00 | 2.81 % | ||
| Current price | 1,670.00 | |||
| Support | S1 | 1,661.00 | -0.539% | |
| S2 | 1,658.00 | -0.719% | ||
| S3 | 1,652.00 | -1.08% |
3547 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | JP¥0 | 0% |
| 2 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥10.00 | 0.548% |
| 3 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥10.00 | 0.500% |
| 4 | Nov 27, 2020 | Nov 27, 2020 | Nov 27, 2020 | JP¥10.00 | 0.600% |
| 5 | Nov 28, 2019 | Nov 28, 2019 | Nov 28, 2019 | JP¥15.00 | 0.593% |
FAQ
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