KOBAYASHI PHARMACEUTICAL CO.,LTD. Stock Forecast
Evaluation of KOBAYASHI PHARMACEUTICAL CO.,LTD. stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The KOBAYASHI PHARMACEUTICAL CO.,LTD. stock price fell by -0.663% on the last day (Friday, 26th Apr 2024) from JP¥5,580.00 to JP¥5,543.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.76% from a day low at JP¥5,502.00 to a day high of JP¥5,599.00. The price has fallen in 7 of the last 10 days and is down by -2.62% for this period. Volume has increased on the last day by 173 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 991 thousand shares were bought and sold for approximately JP¥5.49 billion.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥5,618.52 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.71% during the next 3 months and, with a 90% probability hold a price between JP¥3,652.66 and JP¥4,623.39 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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4967.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 13.70%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The KOBAYASHI PHARMACEUTICAL CO.,LTD. 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¥5,601.86 and JP¥5,589.14. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KOBAYASHI PHARMACEUTICAL CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥5,069.00 and JP¥4,905.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KOBAYASHI PHARMACEUTICAL CO.,LTD. finds support just below today's level at JP¥5,069.00. If this is broken, then the next support from accumulated volume will be at JP¥4,905.00 and JP¥4,875.00.
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¥97.00 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4967.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect KOBAYASHI PHARMACEUTICAL CO.,LTD. to open at JP¥5,548.00, and during the day (based on 14 day Average True Range), to move between JP¥5,383.79 and JP¥5,702.21, which gives a possible trading interval of +/-JP¥159.21 (+/-2.87%) up or down from last closing price. If KOBAYASHI PHARMACEUTICAL CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.74% 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¥5,555.00 (0.22%) than the support at JP¥5,069.00 (8.55%), 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.
Is KOBAYASHI PHARMACEUTICAL CO.,LTD. stock A Buy?
KOBAYASHI PHARMACEUTICAL CO.,LTD. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -1.147 Sell Candidate Downgraded
Predicted Opening Price for KOBAYASHI PHARMACEUTICAL CO.,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥5,548.00 ( 0.0902%) | JP¥5,543.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4967.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,645.00 | 1.84 % | |
| R2 | 5,607.95 | 1.17 % | ||
| R1 | 5,585.05 | 0.759 % | ||
| Current price: | 5,543.00 | |||
| Support | S1 | 5,510.95 | -0.578 % | |
| S2 | 5,488.05 | -0.99 % | ||
| S3 | 5,451.00 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,692.00 | 2.69 % | |
| R2 | 5,584.00 | 0.740 % | ||
| R1 | 5,555.00 | 0.216 % | ||
| Current price | 5,543.00 | |||
| Support | S1 | 5,069.00 | -8.55% | |
| S2 | 4,905.00 | -11.51% | ||
| S3 | 4,875.00 | -12.05% |
4967 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥39.00 | 0.496% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥52.00 | 0.575% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥38.00 | 0.454% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥46.00 | 0.502% |
FAQ
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