KUBOTA CORPORATION Stock Forecast

KUBOTA CORPORATION stock downgraded to Sell Candidate
(Updated on May 24, 2024)

6326.T Signals & Forecast

There are few to no technical positive signals at the moment. The KUBOTA CORPORATION 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¥2,336.29 and JP¥2,446.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -11.36%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, February 29, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for KUBOTA CORPORATION stock

KUBOTA CORPORATION finds support from accumulated volume at JP¥2,194.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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¥41.50 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 2.11%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (6326.T) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect KUBOTA CORPORATION to open at JP¥2,260.67, and during the day (based on 14 day Average True Range), to move between JP¥2,206.83 and JP¥2,328.17, which gives a possible trading interval of +/-JP¥60.67 (+/-2.68%) up or down from last closing price. If KUBOTA CORPORATION takes out the full calculated possible swing range there will be an estimated 5.35% 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¥2,194.50 (3.22%) than the resistance at JP¥2,361.50 (4.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is KUBOTA CORPORATION stock A Buy?

The KUBOTA CORPORATION stock holds several negative signals and despite the positive trend, we believe KUBOTA CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.535 Sell Candidate Downgraded

Predicted Opening Price for KUBOTA CORPORATION of Monday, May 27, 2024

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