Kudan Inc. Stock Forecast
Kudan Inc. stock price ended at JP¥1,930.00 on Monday, after gaining 0.783%.
(Updated on May 13, 2024)
The Kudan Inc. stock price gained 0.783% on the last trading day (Monday, 13th May 2024), rising from JP¥1,915.00 to JP¥1,930.00. It has now gained 5 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 9.16% from a day low at JP¥1,768.00 to a day high of JP¥1,930.00. The price has risen in 6 of the last 10 days and is up by 9.97% over the past 2 weeks. Volume fell on the last day by -341 thousand shares and in total, 530 thousand shares were bought and sold for approximately JP¥1.02 billion. 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 stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.22% during the next 3 months and, with a 90% probability hold a price between JP¥1,674.88 and JP¥4,506.24 at the end of this 3-month period.
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4425.T Signals & Forecast
There are mixed signals in the stock today. The Kudan Inc. 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¥2,083.40. On a fall, the stock will find some support from the short-term average at JP¥1,762.29. 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -42.73%. Further fall is indicated until a new bottom 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.
Support, Risk & Stop-loss for Kudan Inc. stock
Kudan Inc. finds support from accumulated volume at JP¥1,915.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥162.00 between high and low, or 9.16%. For the last week, the stock has had daily average volatility of 8.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4425.T) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Kudan Inc. to open at JP¥1,876.00, and during the day (based on 14 day Average True Range), to move between JP¥1,760.16 and JP¥2,099.84, which gives a possible trading interval of +/-JP¥169.84 (+/-8.80%) up or down from last closing price. If Kudan Inc. takes out the full calculated possible swing range there will be an estimated 17.60% 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¥1,915.00 (0.78%) than the resistance at JP¥2,381.00 (23.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kudan Inc. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Kudan Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.90% in the first trading day after earnings release.
Is Kudan Inc. stock A Buy?
Kudan Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.369 Sell Candidate Unchanged
Predicted Opening Price for Kudan Inc. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| JP¥1,876.00 ( 2.80%) | JP¥1,930.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4425.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,038.00 | 5.60 % | |
| R2 | 1,976.12 | 2.39 % | ||
| R1 | 1,937.88 | 0.408 % | ||
| Current price: | 1,930.00 | |||
| Support | S1 | 1,814.12 | -6.00 % | |
| S2 | 1,775.88 | -7.99 % | ||
| S3 | 1,714.00 | -11.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,405.00 | 24.61 % | |
| R2 | 2,403.00 | 24.51 % | ||
| R1 | 2,381.00 | 23.37 % | ||
| Current price | 1,930.00 | |||
| Support | S1 | 1,915.00 | -0.777% | |
| S2 | 1,784.00 | -7.56% | ||
| S3 | 1,773.00 | -8.13% |
FAQ
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