KUNIMINE INDUSTRIES CO.,LTD. Stock Forecast
Red day on Wednesday for KUNIMINE INDUSTRIES CO.,LTD. stock after losing 0.348%
(Updated on Jun 26, 2024)
The KUNIMINE INDUSTRIES CO.,LTD. stock price fell by -0.348% on the last day (Wednesday, 26th Jun 2024) from JP¥1,148.00 to JP¥1,144.00. During the last trading day the stock fluctuated 1.41% from a day low at JP¥1,137.00 to a day high of JP¥1,153.00. The price has risen in 6 of the last 10 days but is still down by -0.61% for this period. Volume has increased on the last day by 6 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, 14 thousand shares were bought and sold for approximately JP¥15.67 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 2.08% during the next 3 months and, with a 90% probability hold a price between JP¥1,124.58 and JP¥1,226.45 at the end of this 3-month period.
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5388.T Signals & Forecast
The KUNIMINE INDUSTRIES 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¥1,146.00. On a fall, the stock will find some support from the long-term average at approximately JP¥1,136.89. 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. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 5.05%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 KUNIMINE INDUSTRIES CO.,LTD. stock
KUNIMINE INDUSTRIES CO.,LTD. finds support from accumulated volume at JP¥1,140.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥16.00 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.05%.
Our recommended stop-loss: JP¥1,103.21 (-3.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (5388.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect KUNIMINE INDUSTRIES CO.,LTD. to open at JP¥1,144.67, and during the day (based on 14 day Average True Range), to move between JP¥1,127.67 and JP¥1,160.33, which gives a possible trading interval of +/-JP¥16.33 (+/-1.43%) up or down from last closing price. If KUNIMINE INDUSTRIES CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.85% 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¥1,140.00 (0.35%) than the resistance at JP¥1,151.00 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KUNIMINE INDUSTRIES CO.,LTD. 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 KUNIMINE INDUSTRIES CO.,LTD. stock to perform well in the short-term.
Current score: 2.039 Buy Candidate Unchanged
Predicted Opening Price for KUNIMINE INDUSTRIES CO.,LTD. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥1,144.67 ( 0.0583%) | JP¥1,144.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5388.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,160.67 | 1.46% |
| R2 | 1,154.55 | 0.92% |
| R1 | 1,150.78 | 0.593% |
| Price | 1,144.00 | |
| S1 | 1,138.55 | -0.476% |
| S2 | 1,134.78 | -0.81% |
| S3 | 1,128.67 | -1.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,167.00 | 2.01% |
| R2 | 1,153.00 | 0.787% |
| R1 | 1,151.00 | 0.612% |
| Price | 1,144.00 | |
| S1 | 1,140.00 | -0.350% |
| S2 | 1,138.00 | -0.524% |
| S3 | 1,089.00 | -4.81% |
5388 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥25.00 | 2.19% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Nov 27, 2023 | JP¥15.00 | 1.51% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 1.07% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥30.00 | 3.01% |
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