Katakura & Co-op Agri Corporation Stock Forecast

Stronger technical forecast for Katakura & Co-op Agri Corporation stock price after Wednesday trading.
(Updated on Jul 03, 2024)

4031.T Signals & Forecast

Mostly positive signals in the chart today. The Katakura & Co-op Agri Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,207.14 and JP¥1,157.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 7.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The stock had a Golden Star Signal on Thursday, February 01, 2024 in the long-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.

Buy

Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, February 01, 2024 in the long-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.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for Katakura & Co-op Agri Corporation stock

Katakura & Co-op Agri Corporation finds support from accumulated volume at JP¥1,209.00 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¥17.00 (1.41%) between high and low. For the last week, the stock has had daily average volatility of 1.88%.

The Katakura & Co-op Agri Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: JP¥1,170.17 (-4.40%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (4031.T) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Katakura & Co-op Agri Corporation to open at JP¥1,219.00, and during the day (based on 14 day Average True Range), to move between JP¥1,202.60 and JP¥1,245.40, which gives a possible trading interval of +/-JP¥21.40 (+/-1.75%) up or down from last closing price. If Katakura & Co-op Agri Corporation takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥1,209.00, some JP¥15.00 (1.23%) from the current price of JP¥1,224.00, our system finds the risk reward attractive.

Is Katakura & Co-op Agri Corporation stock A Buy?

Katakura & Co-op Agri Corporation holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.049 Strong Buy Candidate Upgraded

Predicted Opening Price for Katakura & Co-op Agri Corporation of Thursday, July 4, 2024

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