Mitsubishi Kakoki Kaisha,Ltd. Stock Forecast
Red day on Tuesday for Mitsubishi Kakoki Kaisha,Ltd.
(Updated on Jul 02, 2024)
No changes to the price of Mitsubishi Kakoki Kaisha,Ltd. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 1.52% from a day low at JP¥4,280.00 to a day high of JP¥4,345.00. The price has risen in 6 of the last 10 days and is up by 2.38% over the past 2 weeks.
The stock lies in the middle of a wide and strong 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 13.32% during the next 3 months and, with a 90% probability hold a price between JP¥4,699.86 and JP¥5,298.30 at the end of this 3-month period.
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6331.T Signals & Forecast
Mostly positive signals in the chart today. The Mitsubishi Kakoki Kaisha,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¥4,310.71. On a fall, the stock will find some support from the long-term average at approximately JP¥4,161.29. 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 Thursday, May 30, 2024, and so far it has risen 9.01%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for Mitsubishi Kakoki Kaisha,Ltd. stock
Mitsubishi Kakoki Kaisha,Ltd. finds support from accumulated volume at JP¥4,180.00 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¥65.00 between high and low, or 1.52%. For the last week, the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: JP¥4,121.57 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (6331.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Mitsubishi Kakoki Kaisha,Ltd. to open at JP¥4,306.67, and during the day (based on 14 day Average True Range), to move between JP¥4,198.46 and JP¥4,391.54, which gives a possible trading interval of +/-JP¥96.54 (+/-2.25%) up or down from last closing price. If Mitsubishi Kakoki Kaisha,Ltd. takes out the full calculated possible swing range there will be an estimated 4.50% 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¥4,310.00 (0.35%) than the support at JP¥4,180.00 (2.68%), 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 Mitsubishi Kakoki Kaisha,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 Mitsubishi Kakoki Kaisha,Ltd. stock to perform well in the short-term.
Current score: 3.048 Buy Candidate Unchanged
Predicted Opening Price for Mitsubishi Kakoki Kaisha,Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥4,306.67 ( 0.272%) | JP¥4,295.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6331.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,371.67 | 1.79% |
| R2 | 4,346.84 | 1.21% |
| R1 | 4,331.50 | 0.85% |
| Price | 4,295.00 | |
| S1 | 4,281.84 | -0.306% |
| S2 | 4,266.50 | -0.664% |
| S3 | 4,241.67 | -1.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,405.00 | 2.56% |
| R2 | 4,340.00 | 1.05% |
| R1 | 4,310.00 | 0.349% |
| Price | 4,295.00 | |
| S1 | 4,180.00 | -2.68% |
| S2 | 4,160.00 | -3.14% |
| S3 | 3,820.00 | -11.06% |
6331 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 28, 2024 | JP¥80.00 | 1.86% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥30.00 | 0.93% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥80.00 | 3.57% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥70.00 | 3.41% |
FAQ
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