Kanamic Network Co.,LTD Stock Forecast
Evaluation of Kanamic Network Co.,LTD stock downgraded after the last trading session.
(Updated on May 02, 2024)
The Kanamic Network Co.,LTD stock price fell by -1.55% on the last day (Thursday, 2nd May 2024) from JP¥516.00 to JP¥508.00. During the last trading day the stock fluctuated 1.79% from a day low at JP¥504.00 to a day high of JP¥513.00. The price has been going up and down for this period, and there has been a 2.42% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -53 thousand shares and in total, 101 thousand shares were bought and sold for approximately JP¥51.21 million.
The stock lies in the middle of a very 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 14.03% during the next 3 months and, with a 90% probability hold a price between JP¥532.39 and JP¥669.04 at the end of this 3-month period.
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3939.T Signals & Forecast
There are few to no technical positive signals at the moment. The Kanamic Network Co.,LTD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥522.00 and JP¥513.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -9.45%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kanamic Network Co.,LTD stock
Kanamic Network Co.,LTD finds support from accumulated volume at JP¥491.00 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¥9.00 (1.79%) between high and low. For the last week, the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3939.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Kanamic Network Co.,LTD to open at JP¥508.33, and during the day (based on 14 day Average True Range), to move between JP¥491.65 and JP¥524.35, which gives a possible trading interval of +/-JP¥16.35 (+/-3.22%) up or down from last closing price. If Kanamic Network Co.,LTD takes out the full calculated possible swing range there will be an estimated 6.44% 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¥517.00 (1.77%) than the support at JP¥491.00 (3.35%), 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.
Earnings coming up
Kanamic Network Co.,LTD will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Kanamic Network Co.,LTD, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.58% in the first trading day after earnings release.
Is Kanamic Network Co.,LTD stock A Buy?
The Kanamic Network Co.,LTD stock holds several negative signals and despite the positive trend, we believe Kanamic Network 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: -4.759 Sell Candidate Downgraded
Predicted Opening Price for Kanamic Network Co.,LTD of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥508.33 ( 0.0656%) | JP¥508.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3939.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 517.33 | 1.84 % | |
| R2 | 513.90 | 1.16 % | ||
| R1 | 511.77 | 0.742 % | ||
| Current price: | 508.00 | |||
| Support | S1 | 504.90 | -0.611 % | |
| S2 | 502.77 | -1.03 % | ||
| S3 | 499.33 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 525.00 | 3.35 % | |
| R2 | 518.00 | 1.97 % | ||
| R1 | 517.00 | 1.77 % | ||
| Current price | 508.00 | |||
| Support | S1 | 491.00 | -3.35% | |
| S2 | 489.00 | -3.74% | ||
| S3 | 474.00 | -6.69% |
3939 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥3.00 | 0.585% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥2.50 | 0.398% |
| 4 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥2.00 | 0.240% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥1.00 | 0.173% |
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