SAKURA KCS Corporation Stock Forecast

SAKURA KCS Corporation stock downgraded to Sell Candidate
(Updated on May 17, 2024)

4761.T Signals & Forecast

There are few to no technical positive signals at the moment. The SAKURA KCS Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,519.43 and JP¥2,254.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -25.82%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Friday, August 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for SAKURA KCS Corporation stock

SAKURA KCS Corporation finds support from accumulated volume at JP¥2,148.00 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¥113.00 between high and low, or 5.33%. For the last week, the stock has had daily average volatility of 6.87%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (4761.T) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect SAKURA KCS Corporation to open at JP¥2,178.00, and during the day (based on 14 day Average True Range), to move between JP¥1,940.46 and JP¥2,421.54, which gives a possible trading interval of +/-JP¥240.54 (+/-11.03%) up or down from last closing price. If SAKURA KCS Corporation takes out the full calculated possible swing range there will be an estimated 22.06% 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¥2,148.00 (1.51%) than the resistance at JP¥2,440.00 (11.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SAKURA KCS Corporation stock A Buy?

The SAKURA KCS Corporation stock holds several negative signals and despite the positive trend, we believe SAKURA KCS Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.563 Sell Candidate Downgraded

Predicted Opening Price for SAKURA KCS Corporation of Monday, May 20, 2024

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