KYOWAKOGYOSYO CO.,LTD. Stock Forecast
KYOWAKOGYOSYO CO.,LTD. stock downgraded to Sell Candidate
(Updated on Jun 17, 2024)
The KYOWAKOGYOSYO CO.,LTD. stock price fell by -3.22% on the last day (Monday, 17th Jun 2024) from JP¥5,900.00 to JP¥5,710.00. During the last trading day the stock fluctuated 4.88% from a day low at JP¥5,530.00 to a day high of JP¥5,800.00. The price has fallen in 8 of the last 10 days and is down by -5.93% for this period. Volume has increased on the last day by 4 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, 6 thousand shares were bought and sold for approximately JP¥33.69 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KYOWAKOGYOSYO CO.,LTD. stock with a 90% probability to be traded between JP¥5,481.84 and JP¥6,412.03 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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5971.T Signals & Forecast
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 KYOWAKOGYOSYO CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥5,874.29 and JP¥5,968.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -10.78%. Further fall is indicated until a new bottom pivot has been found. 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 KYOWAKOGYOSYO CO.,LTD. stock
KYOWAKOGYOSYO CO.,LTD. finds support from accumulated volume at JP¥5,650.00 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¥270.00 between high and low, or 4.88%. For the last week the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5971.T) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect KYOWAKOGYOSYO CO.,LTD. to open at JP¥5,680.00, and during the day (based on 14 day Average True Range), to move between JP¥5,565.20 and JP¥5,854.80, which gives a possible trading interval of +/-JP¥144.80 (+/-2.54%) up or down from last closing price. If KYOWAKOGYOSYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.07% 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¥5,650.00 (1.05%) than the resistance at JP¥6,110.00 (7.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KYOWAKOGYOSYO CO.,LTD. stock A Buy?
KYOWAKOGYOSYO CO.,LTD. holds several negative signals and is within a 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: -2.188 Sell Candidate Downgraded
Predicted Opening Price for KYOWAKOGYOSYO CO.,LTD. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| JP¥5,680.00 ( 0.525%) | JP¥5,710.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5971.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,950.00 | 4.20% |
| R2 | 5,846.86 | 2.40% |
| R1 | 5,783.14 | 1.28% |
| Price | 5,710.00 | |
| S1 | 5,576.86 | -2.33% |
| S2 | 5,513.14 | -3.45% |
| S3 | 5,410.00 | -5.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,300.00 | 10.33% |
| R2 | 6,280.00 | 9.98% |
| R1 | 6,110.00 | 7.01% |
| Price | 5,710.00 | |
| S1 | 5,650.00 | -1.05% |
| S2 | 5,510.00 | -3.50% |
| S3 | 5,470.00 | -4.20% |
5971 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 28, 2025 | Apr 28, 2025 | Apr 28, 2025 | JP¥0 | 0% |
| 2 | Apr 26, 2024 | Apr 26, 2024 | Jul 01, 2024 | JP¥80.00 | 1.40% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥80.00 | 1.86% |
| 4 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥100.00 | 2.40% |
| 5 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | JP¥80.00 | 1.91% |
FAQ
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