KAYAC Inc. Stock Forecast
Red day on Tuesday for KAYAC Inc. stock after losing 0.89%
(Updated on Jul 02, 2024)
The KAYAC Inc. stock price fell by -0.89% on the last day (Tuesday, 2nd Jul 2024) from JP¥676.00 to JP¥670.00. During the last trading day the stock fluctuated 1.65% from a day low at JP¥665.00 to a day high of JP¥676.00. The price has been going up and down for this period, and there has been a 0.6% gain for the last 2 weeks. Volume has increased on the last day by 1 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, 9 thousand shares were bought and sold for approximately JP¥5.96 million.
The stock lies in the middle of a wide and 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 -8.48% during the next 3 months and, with a 90% probability hold a price between JP¥566.54 and JP¥625.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3904.T Signals & Forecast
The KAYAC Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥679.71. On a fall, the stock will find some support from the long-term average at approximately JP¥667.60. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -3.32%. 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 KAYAC Inc. stock
KAYAC Inc. finds support from accumulated volume at JP¥663.00 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¥11.00 (1.65%) between high and low. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: JP¥647.77 (-3.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (3904.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect KAYAC Inc. to open at JP¥670.33, and during the day (based on 14 day Average True Range), to move between JP¥652.96 and JP¥687.04, which gives a possible trading interval of +/-JP¥17.04 (+/-2.54%) up or down from last closing price. If KAYAC Inc. takes out the full calculated possible swing range there will be an estimated 5.09% 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¥673.00 (0.45%) than the support at JP¥663.00 (1.04%), 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 KAYAC Inc. stock A Buy?
KAYAC Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.728 Hold/Accumulate Unchanged
Predicted Opening Price for KAYAC Inc. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
JP¥670.33 ( 0.0498%) | JP¥670.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3904.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 681.33 | 1.69% |
R2 | 677.13 | 1.06% |
R1 | 674.54 | 0.677% |
Price | 670.00 | |
S1 | 666.13 | -0.577% |
S2 | 663.54 | -0.96% |
S3 | 659.33 | -1.59% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 701.00 | 4.63% |
R2 | 693.00 | 3.43% |
R1 | 673.00 | 0.448% |
Price | 670.00 | |
S1 | 663.00 | -1.04% |
S2 | 649.00 | -3.13% |
S3 | 648.00 | -3.28% |
3904 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
2 | Dec 28, 2023 | Dec 28, 2023 | Mar 22, 2024 | JP¥3.90 | 0.538% |
3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥3.90 | 0.447% |
4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥3.90 | 0.578% |
5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥3.90 | 0.467% |
FAQ
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