KUREHA CORPORATION Stock Forecast

KUREHA CORPORATION stock downgraded to Hold/Accumulate
(Updated on Jun 25, 2024)

4023.T Signals & Forecast

There are mixed signals in the stock today. The KUREHA CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,831.91. On a fall, the stock will find some support from the short-term average at JP¥2,746.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 2.58%. 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.

Support, Risk & Stop-loss for KUREHA CORPORATION stock

KUREHA CORPORATION finds support from accumulated volume at JP¥2,717.00 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¥44.00 (1.60%) between high and low. For the last week, the stock has had daily average volatility of 1.18%.

Our recommended stop-loss: JP¥2,646.96 (-5.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (4023.T) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect KUREHA CORPORATION to open at JP¥2,773.67, and during the day (based on 14 day Average True Range), to move between JP¥2,742.17 and JP¥2,831.83, which gives a possible trading interval of +/-JP¥44.83 (+/-1.61%) up or down from last closing price. If KUREHA CORPORATION takes out the full calculated possible swing range there will be an estimated 3.22% 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¥2,848.00 (2.19%) than the support at JP¥2,717.00 (2.51%), 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 KUREHA CORPORATION stock A Buy?

KUREHA CORPORATION 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. 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: 0.861 Hold/Accumulate Downgraded

Predicted Opening Price for KUREHA CORPORATION of Wednesday, June 26, 2024

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