kaonavi,inc. Stock Forecast
kaonavi,inc. stock upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on Jun 17, 2024)
The kaonavi,inc. stock price gained 1.69% on the last trading day (Monday, 17th Jun 2024), rising from JP¥1,475.00 to JP¥1,500.00. During the last trading day the stock fluctuated 4.65% from a day low at JP¥1,441.00 to a day high of JP¥1,508.00. The price has fallen in 5 of the last 10 days but is still up by 1.49% over the past 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 74 thousand shares were bought and sold for approximately JP¥110.85 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 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 -17.69% during the next 3 months and, with a 90% probability hold a price between JP¥1,071.16 and JP¥1,316.29 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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4435.T Signals & Forecast
Mostly positive signals in the chart today. The kaonavi,inc. 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¥1,499.43 and JP¥1,485.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 9.57%. 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.
Support, Risk & Stop-loss for kaonavi,inc. stock
kaonavi,inc. finds support from accumulated volume at JP¥1,462.00 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¥67.00 between high and low, or 4.65%. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: JP¥1,430.48 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (4435.T) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect kaonavi,inc. to open at JP¥1,483.00, and during the day (based on 14 day Average True Range), to move between JP¥1,442.77 and JP¥1,557.23, which gives a possible trading interval of +/-JP¥57.23 (+/-3.82%) up or down from last closing price. If kaonavi,inc. takes out the full calculated possible swing range there will be an estimated 7.63% 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¥1,462.00 (2.53%) than the resistance at JP¥1,593.00 (6.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is kaonavi,inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.334 Buy Candidate Upgraded
Predicted Opening Price for kaonavi,inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| JP¥1,483.00 ( 1.13%) | JP¥1,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4435.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,550.00 | 3.33% |
| R2 | 1,524.41 | 1.63% |
| R1 | 1,508.59 | 0.573% |
| Price | 1,500.00 | |
| S1 | 1,457.41 | -2.84% |
| S2 | 1,441.59 | -3.89% |
| S3 | 1,416.00 | -5.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,682.00 | 12.13% |
| R2 | 1,642.00 | 9.47% |
| R1 | 1,593.00 | 6.20% |
| Price | 1,500.00 | |
| S1 | 1,462.00 | -2.53% |
| S2 | 1,379.00 | -8.07% |
| S3 | 1,369.00 | -8.73% |
FAQ
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