KH Neochem Co.,Ltd. Stock Forecast

KH Neochem Co.,Ltd. stock price down 0.396% on Friday
(Updated on May 31, 2024)

4189.T Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 3.34%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The KH Neochem Co.,Ltd. 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¥2,310.83. On a fall, the stock will find some support from the short-term average at JP¥2,229.29. 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. 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 KH Neochem Co.,Ltd. stock

KH Neochem Co.,Ltd. finds support from accumulated volume at JP¥2,231.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥46.00 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 1.73%.

Our recommended stop-loss: JP¥2,146.46 (-5.07%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 34 days ago.)

Trading Expectations (4189.T) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect KH Neochem Co.,Ltd. to open at JP¥2,272.33, and during the day (based on 14 day Average True Range), to move between JP¥2,218.34 and JP¥2,303.66, which gives a possible trading interval of +/-JP¥42.66 (+/-1.89%) up or down from last closing price. If KH Neochem Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.77% 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¥2,284.00 (1.02%) than the support at JP¥2,231.00 (1.33%), 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 KH Neochem Co.,Ltd. stock A Buy?

KH Neochem 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.

Current score: -0.003 Hold/Accumulate Unchanged

Predicted Opening Price for KH Neochem Co.,Ltd. of Monday, June 3, 2024

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