KOBAYASHI PHARMACEUTICAL CO.,LTD. Stock Forecast
KOBAYASHI PHARMACEUTICAL CO.,LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 13, 2024)
The KOBAYASHI PHARMACEUTICAL CO.,LTD. stock price gained 1.38% on the last trading day (Monday, 13th May 2024), rising from JP¥5,492.00 to JP¥5,568.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.27% from a day low at JP¥5,365.00 to a day high of JP¥5,648.00. The price has fallen in 6 of the last 10 days and is down by -0.82% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately JP¥11.44 billion.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥5,534.71, a level that may pose a second chance to hit a runner. According to fan-theory JP¥6,597.64 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4967.T Signals & Forecast
The KOBAYASHI PHARMACEUTICAL CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥5,416.57 and JP¥5,440.63. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, April 22, 2024, and so far it has fallen -2.25%. 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).
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 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¥283.00 (5.27%) between high and low. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: JP¥5,324.15 (-4.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (4967.T) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect KOBAYASHI PHARMACEUTICAL CO.,LTD. to open at JP¥5,527.00, and during the day (based on 14 day Average True Range), to move between JP¥5,416.51 and JP¥5,719.49, which gives a possible trading interval of +/-JP¥151.49 (+/-2.72%) 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 5.44% 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¥5,584.00 (0.29%) than the support at JP¥5,069.00 (8.96%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.128 Hold/Accumulate Upgraded
Predicted Opening Price for KOBAYASHI PHARMACEUTICAL CO.,LTD. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| JP¥5,527.00 ( 0.736%) | JP¥5,568.00 |
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 | 5,810.00 | 4.35 % | |
| R2 | 5,701.89 | 2.40 % | ||
| R1 | 5,635.11 | 1.21 % | ||
| Current price: | 5,568.00 | |||
| Support | S1 | 5,418.89 | -2.68 % | |
| S2 | 5,352.11 | -3.88 % | ||
| S3 | 5,244.00 | -5.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,692.00 | 2.23 % | |
| R2 | 5,606.00 | 0.682 % | ||
| R1 | 5,584.00 | 0.287 % | ||
| Current price | 5,568.00 | |||
| Support | S1 | 5,069.00 | -8.96% | |
| S2 | 4,905.00 | -11.91% | ||
| S3 | 4,875.00 | -12.45% |
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
Click here for our free guide on how to buy KOBAYASHI PHARMACEUTICAL CO.,LTD. Stock.
