KUBOTA CORPORATION Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for KUBOTA CORPORATION stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The KUBOTA CORPORATION stock price gained 1.26% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥2,266.50 to JP¥2,295.00. During the last trading day the stock fluctuated 1.23% from a day low at JP¥2,268.00 to a day high of JP¥2,296.00. The price has risen in 6 of the last 10 days and is up by 3.4% over the past 2 weeks. Volume fell on the last day by -68 thousand shares and in total, 2 million shares were bought and sold for approximately JP¥5.49 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.34% during the next 3 months and, with a 90% probability hold a price between JP¥1,844.75 and JP¥2,092.62 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6326.T Signals & Forecast
Mostly positive signals in the chart today. The KUBOTA CORPORATION 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¥2,254.00 and JP¥2,284.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 6.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A sell signal from a double top formation was found on Tuesday, April 30, 2024 and based on theory for this formation the price should fall by -1.01% to JP¥2,271.85 within 13 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for KUBOTA CORPORATION stock
KUBOTA CORPORATION finds support from accumulated volume at JP¥2,278.50 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¥28.00 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: JP¥2,229.82 (-2.84%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (6326.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect KUBOTA CORPORATION to open at JP¥2,286.33, and during the day (based on 14 day Average True Range), to move between JP¥2,254.09 and JP¥2,335.91, which gives a possible trading interval of +/-JP¥40.91 (+/-1.78%) up or down from last closing price. If KUBOTA CORPORATION takes out the full calculated possible swing range there will be an estimated 3.57% 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¥2,278.50 (0.72%) than the resistance at JP¥2,354.00 (2.57%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.309 Buy Candidate Upgraded
Predicted Opening Price for KUBOTA CORPORATION of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥2,286.33 ( 0.378%) | JP¥2,295.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6326.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,314.33 | 0.84% |
| R2 | 2,303.64 | 0.376% |
| R1 | 2,297.03 | 0.0884% |
| Price | 2,295.00 | |
| S1 | 2,275.64 | -0.84% |
| S2 | 2,269.03 | -1.13% |
| S3 | 2,258.33 | -1.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,520.00 | 9.80% |
| R2 | 2,417.50 | 5.34% |
| R1 | 2,354.00 | 2.57% |
| Price | 2,295.00 | |
| S1 | 2,278.50 | -0.719% |
| S2 | 2,256.50 | -1.68% |
| S3 | 2,221.00 | -3.22% |
6326 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥24.00 | 1.05% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 25, 2024 | JP¥24.00 | 1.03% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Sep 01, 2023 | JP¥24.00 | 1.02% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥22.00 | 1.20% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥22.00 | 1.07% |
FAQ
Click here for our free guide on how to buy KUBOTA CORPORATION Stock.
