KONICA MINOLTA,INC. Stock Forecast
Green day on Friday for KONICA MINOLTA,INC.
(Updated on May 10, 2024)
The KONICA MINOLTA,INC. stock price gained 3.08% on the last trading day (Friday, 10th May 2024), rising from JP¥525.60 to JP¥541.80. During the last trading day the stock fluctuated 3.02% from a day low at JP¥527.30 to a day high of JP¥543.20. The price has fallen in 6 of the last 10 days but is still up by 0.8% over the past 2 weeks. Volume fell on the last day by -292 thousand shares and in total, 3 million shares were bought and sold for approximately JP¥1.88 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 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 13.00% during the next 3 months and, with a 90% probability hold a price between JP¥578.45 and JP¥631.87 at the end of this 3-month period.
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4902.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -0.95%. 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). The KONICA MINOLTA,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¥520.31 and JP¥520.20. A breakdown below any of these levels will issue sell signals. 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 KONICA MINOLTA,INC. stock
KONICA MINOLTA,INC. finds support from accumulated volume at JP¥528.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥15.90 (3.02%) between high and low. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: JP¥522.13 (-3.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (4902.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect KONICA MINOLTA,INC. to open at JP¥537.43, and during the day (based on 14 day Average True Range), to move between JP¥527.25 and JP¥556.35, which gives a possible trading interval of +/-JP¥14.55 (+/-2.69%) up or down from last closing price. If KONICA MINOLTA,INC. takes out the full calculated possible swing range there will be an estimated 5.37% 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¥547.00 (0.96%) than the support at JP¥528.30 (2.49%), 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.
Earnings coming up
KONICA MINOLTA,INC. will release earnings BMO on Tuesday, May 14, 2024.The consensus among the analysts for the expected earnings (EPS) is $23.00. We will update the financials statements for KONICA MINOLTA,INC., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.08% in the first trading day after earnings release.
Is KONICA MINOLTA,INC. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for KONICA MINOLTA,INC. stock to perform well in the short-term.
Current score: 2.190 Buy Candidate Unchanged
Predicted Opening Price for KONICA MINOLTA,INC. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥537.43 ( 0.81%) | JP¥541.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4902.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 553.33 | 2.13 % | |
| R2 | 547.26 | 1.01 % | ||
| R1 | 543.51 | 0.315 % | ||
| Current price: | 541.80 | |||
| Support | S1 | 531.36 | -1.93 % | |
| S2 | 527.61 | -2.62 % | ||
| S3 | 521.53 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 547.00 | 0.96 % | ||
| Current price | 541.80 | |||
| Support | S1 | 528.30 | -2.49% | |
| S2 | 520.00 | -4.02% | ||
| S3 | 493.90 | -8.84% |
4902 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 1.78% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 2.16% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 2.88% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥15.00 | 2.47% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥15.00 | 2.45% |
FAQ
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