Kurimoto,Ltd. Stock Forecast

Weaker technical forecast for Kurimoto,Ltd. as stock downgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)

5602.T Signals & Forecast

The Kurimoto,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¥4,095.00. On a fall, the stock will find some support from the long-term average at approximately JP¥3,877.86. 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. 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 Thursday, April 18, 2024, and so far it has fallen -1.45%. 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). 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 Kurimoto,Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥3,865.00 and JP¥3,485.00. 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, Kurimoto,Ltd. finds support just below today's level at JP¥3,865.00. If this is broken, then the next support from accumulated volume will be at JP¥3,485.00 and JP¥3,300.00.

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¥165.00 (4.15%) between high and low. For the last week, the stock has had daily average volatility of 3.29%.

Our recommended stop-loss: JP¥3,949.74 (-3.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (5602.T) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Kurimoto,Ltd. to open at JP¥4,071.67, and during the day (based on 14 day Average True Range), to move between JP¥3,977.21 and JP¥4,202.79, which gives a possible trading interval of +/-JP¥112.79 (+/-2.76%) up or down from last closing price. If Kurimoto,Ltd. takes out the full calculated possible swing range there will be an estimated 5.52% 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¥4,120.00 (0.73%) than the support at JP¥3,865.00 (5.50%), 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 Kurimoto,Ltd. stock A Buy?

Kurimoto,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.229 Hold/Accumulate Downgraded

Predicted Opening Price for Kurimoto,Ltd. of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.