DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD Stock Forecast
Stronger technical forecast for DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD stock price after Friday trading.
(Updated on May 10, 2024)
The DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD stock price fell by -0.110% on the last day (Friday, 10th May 2024) from JP¥909.00 to JP¥908.00. During the last trading day the stock fluctuated 0.88% from a day low at JP¥906.00 to a day high of JP¥914.00. The price has been going up and down for this period, and there has been a -3.4% loss 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 -22 thousand shares and in total, 27 thousand shares were bought and sold for approximately JP¥24.61 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥905.34 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD stock with a 90% probability to be traded between JP¥909.92 and JP¥976.44 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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4082.T Signals & Forecast
The DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD 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¥913.71 and JP¥945.43. A break-up above any of these levels will issue buy signals. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.331%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD stock
DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD finds support from accumulated volume at JP¥906.00 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¥8.00 (0.88%) between high and low. For the last week, the stock has had daily average volatility of 0.97%.
Our recommended stop-loss: JP¥852.30 (-6.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (4082.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD to open at JP¥909.33, and during the day (based on 14 day Average True Range), to move between JP¥894.23 and JP¥921.77, which gives a possible trading interval of +/-JP¥13.77 (+/-1.52%) up or down from last closing price. If DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD takes out the full calculated possible swing range there will be an estimated 3.03% 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¥909.00 (0.11%) than the support at JP¥906.00 (0.22%), 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
DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.63% in the first trading day after earnings release.
Is DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.222 Buy Candidate Upgraded
Predicted Opening Price for DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥909.33 ( 0.147%) | JP¥908.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4082.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 917.33 | 1.03 % | |
| R2 | 914.28 | 0.691 % | ||
| R1 | 912.39 | 0.483 % | ||
| Current price: | 908.00 | |||
| Support | S1 | 906.28 | -0.190 % | |
| S2 | 904.39 | -0.398 % | ||
| S3 | 901.33 | -0.734 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 950.00 | 4.63 % | |
| R2 | 921.00 | 1.43 % | ||
| R1 | 909.00 | 0.110 % | ||
| Current price | 908.00 | |||
| Support | S1 | 906.00 | -0.220% | |
| S2 | 905.00 | -0.330% | ||
| S3 | 0 | . |
4082 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥16.00 | 1.59% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥18.00 | 1.46% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.97% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥13.00 | 0.81% |
FAQ
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