AGRO-KANESHO CO.,LTD. Stock Forecast
Red day on Wednesday for AGRO-KANESHO CO.,LTD.
(Updated on Jul 03, 2024)
The AGRO-KANESHO CO.,LTD. stock price fell by -1.30% on the last day (Wednesday, 3rd Jul 2024) from JP¥1,235.00 to JP¥1,219.00. During the last trading day the stock fluctuated 1.48% from a day low at JP¥1,216.00 to a day high of JP¥1,234.00. The price has risen in 5 of the last 10 days but is still down by -1.3% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 4 thousand shares were bought and sold for approximately JP¥4.51 million.
The stock lies in the middle of a weak 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 8.59% during the next 3 months and, with a 90% probability hold a price between JP¥1,245.94 and JP¥1,350.08 at the end of this 3-month period.
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4955.T Signals & Forecast
The AGRO-KANESHO CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,230.86. On a fall, the stock will find some support from the long-term average at approximately JP¥1,181.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -1.69%. Further fall is indicated until a new bottom pivot has been found. 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 AGRO-KANESHO CO.,LTD. stock
AGRO-KANESHO CO.,LTD. finds support from accumulated volume at JP¥1,212.00 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¥18.00 (1.48%) between high and low. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: JP¥1,167.12 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (4955.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect AGRO-KANESHO CO.,LTD. to open at JP¥1,223.00, and during the day (based on 14 day Average True Range), to move between JP¥1,190.18 and JP¥1,247.82, which gives a possible trading interval of +/-JP¥28.82 (+/-2.36%) up or down from last closing price. If AGRO-KANESHO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.73% 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¥1,212.00 (0.57%) than the resistance at JP¥1,233.00 (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AGRO-KANESHO CO.,LTD. stock A Buy?
AGRO-KANESHO 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: 0.383 Hold/Accumulate Unchanged
Predicted Opening Price for AGRO-KANESHO CO.,LTD. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥1,223.00 ( 0.328%) | JP¥1,219.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4955.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,241.00 | 1.80% |
| R2 | 1,234.12 | 1.24% |
| R1 | 1,229.88 | 0.89% |
| Price | 1,219.00 | |
| S1 | 1,216.12 | -0.236% |
| S2 | 1,211.88 | -0.584% |
| S3 | 1,205.00 | -1.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,240.00 | 1.72% |
| R2 | 1,235.00 | 1.31% |
| R1 | 1,233.00 | 1.15% |
| Price | 1,219.00 | |
| S1 | 1,212.00 | -0.574% |
| S2 | 1,137.00 | -6.73% |
| S3 | 1,092.00 | -10.42% |
4955 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥16.00 | 1.31% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Mar 29, 2024 | JP¥17.00 | 1.35% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥15.00 | 0.88% |
| 5 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥20.00 | 1.15% |
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