Kyowa Kirin Co.,Ltd. Stock Forecast
Kyowa Kirin Co.,Ltd. stock upgraded to Hold/Accumulate.
(Updated on May 21, 2024)
The Kyowa Kirin Co.,Ltd. stock price fell by -1.05% on the last day (Tuesday, 21st May 2024) from JP¥2,618.50 to JP¥2,591.00. During the last trading day the stock fluctuated 1.22% from a day low at JP¥2,591.00 to a day high of JP¥2,622.50. The price has risen in 6 of the last 10 days but is still down by -3.54% for this period. 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 -87 thousand shares and in total, 712 thousand shares were bought and sold for approximately JP¥1.84 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.30% during the next 3 months and, with a 90% probability hold a price between JP¥2,129.98 and JP¥2,364.16 at the end of this 3-month period. 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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4151.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 0.0966%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kyowa Kirin 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¥2,640.14 and JP¥2,643.47. 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.
Support, Risk & Stop-loss for Kyowa Kirin Co.,Ltd. stock
Kyowa Kirin Co.,Ltd. finds support from accumulated volume at JP¥2,588.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥31.50 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: JP¥2,434.13 (-6.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (4151.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Kyowa Kirin Co.,Ltd. to open at JP¥2,601.50, and during the day (based on 14 day Average True Range), to move between JP¥2,539.30 and JP¥2,642.70, which gives a possible trading interval of +/-JP¥51.70 (+/-2.00%) up or down from last closing price. If Kyowa Kirin Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥2,588.50 (0.10%) than the resistance at JP¥2,644.50 (2.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kyowa Kirin Co.,Ltd. stock A Buy?
Kyowa Kirin Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.852 Hold/Accumulate Upgraded
Predicted Opening Price for Kyowa Kirin Co.,Ltd. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥2,601.50 ( 0.405%) | JP¥2,591.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4151.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,633.00 | 1.62 % | |
| R2 | 2,620.97 | 1.16 % | ||
| R1 | 2,613.53 | 0.87 % | ||
| Current price: | 2,591.00 | |||
| Support | S1 | 2,589.47 | -0.0592 % | |
| S2 | 2,582.03 | -0.346 % | ||
| S3 | 2,570.00 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,834.00 | 9.38 % | |
| R2 | 2,667.50 | 2.95 % | ||
| R1 | 2,644.50 | 2.06 % | ||
| Current price | 2,591.00 | |||
| Support | S1 | 2,588.50 | -0.0965% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
4151 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥27.00 | 1.01% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥27.00 | 0.89% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥24.00 | 0.786% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥23.00 | 0.728% |
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