KOATSU GAS KOGYO CO.,LTD. Stock Forecast
Evaluation of KOATSU GAS KOGYO CO.,LTD. stock downgraded after the last trading session.
(Updated on May 20, 2024)
The KOATSU GAS KOGYO CO.,LTD. stock price gained 0.88% on the last trading day (Monday, 20th May 2024), rising from JP¥914.00 to JP¥922.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.98% from a day low at JP¥907.00 to a day high of JP¥925.00. The price has risen in 7 of the last 10 days and is up by 6.1% over the past 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 20 thousand shares were bought and sold for approximately JP¥18.26 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥922.85 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect KOATSU GAS KOGYO CO.,LTD. stock with a 90% probability to be traded between JP¥832.46 and JP¥916.68 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. 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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4097.T Signals & Forecast
The KOATSU GAS KOGYO CO.,LTD. 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¥904.29 and JP¥875.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.76%. 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.
A sell signal from a double top formation was found on Wednesday, March 27, 2024 and based on theory for this formation the price should fall by -5.02% to JP¥875.69 within 13 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for KOATSU GAS KOGYO CO.,LTD. stock
KOATSU GAS KOGYO CO.,LTD. finds support from accumulated volume at JP¥915.00 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¥18.00 (1.98%) between high and low. For the last week, the stock has had daily average volatility of 2.57%.
The KOATSU GAS KOGYO CO.,LTD. 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¥895.08 (-2.92%) (This stock has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (4097.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect KOATSU GAS KOGYO CO.,LTD. to open at JP¥918.00, and during the day (based on 14 day Average True Range), to move between JP¥902.96 and JP¥941.04, which gives a possible trading interval of +/-JP¥19.04 (+/-2.07%) up or down from last closing price. If KOATSU GAS KOGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.13% 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¥925.00 (0.33%) than the support at JP¥915.00 (0.76%), 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 KOATSU GAS KOGYO CO.,LTD. stock A Buy?
KOATSU GAS KOGYO CO.,LTD. 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: 0.743 Hold/Accumulate Downgraded
Predicted Opening Price for KOATSU GAS KOGYO CO.,LTD. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥918.00 ( 0.434%) | JP¥922.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4097.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 936.00 | 1.52 % | |
| R2 | 929.12 | 0.773 % | ||
| R1 | 924.88 | 0.312 % | ||
| Current price: | 922.00 | |||
| Support | S1 | 911.12 | -1.18 % | |
| S2 | 906.88 | -1.64 % | ||
| S3 | 900.00 | -2.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 928.00 | 0.651 % | ||
| R1 | 925.00 | 0.325 % | ||
| Current price | 922.00 | |||
| Support | S1 | 915.00 | -0.759% | |
| S2 | 909.00 | -1.41% | ||
| S3 | 859.00 | -6.83% |
4097 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥2.00 | 0.287% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥8.00 | 1.26% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥8.00 | 1.17% |
FAQ
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