Kurita Water Industries Ltd. Stock Forecast
Kurita Water Industries Ltd. stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Kurita Water Industries Ltd. stock price gained 1.43% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥6,864.00 to JP¥6,962.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.13% from a day low at JP¥6,867.00 to a day high of JP¥7,013.00. The price has risen in 8 of the last 10 days and is up by 3.97% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 383 thousand shares were bought and sold for approximately JP¥2.67 billion.
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 11.57% during the next 3 months and, with a 90% probability hold a price between JP¥7,193.18 and JP¥8,181.22 at the end of this 3-month period.
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6370.T Signals & Forecast
Mostly positive signals in the chart today. The Kurita Water Industries Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥6,826.29 and JP¥6,734.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 6.86%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Kurita Water Industries Ltd. stock
Kurita Water Industries Ltd. finds support from accumulated volume at JP¥6,748.00 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¥146.00 between high and low, or 2.13%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: JP¥6,670.25 (-4.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (6370.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Kurita Water Industries Ltd. to open at JP¥6,947.33, and during the day (based on 14 day Average True Range), to move between JP¥6,820.86 and JP¥7,103.14, which gives a possible trading interval of +/-JP¥141.14 (+/-2.03%) up or down from last closing price. If Kurita Water Industries Ltd. takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥6,748.00, some JP¥214.00 (3.07%) from the current price of JP¥6,962.00, our system finds the risk reward attractive.
Is Kurita Water Industries Ltd. stock A Buy?
Kurita Water Industries Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.822 Strong Buy Candidate Upgraded
Predicted Opening Price for Kurita Water Industries Ltd. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
JP¥6,947.33 ( 0.211%) | JP¥6,962.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6370.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7,093.33 | 1.89% |
R2 | 7,037.56 | 1.09% |
R1 | 7,003.11 | 0.590% |
Price | 6,962.00 | |
S1 | 6,891.56 | -1.01% |
S2 | 6,857.11 | -1.51% |
S3 | 6,801.33 | -2.31% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 6,962.00 | |
S1 | 6,748.00 | -3.07% |
S2 | 5,950.00 | -14.54% |
S3 | 5,836.00 | -16.17% |
6370 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¥42.00 | 0.616% |
3 | Sep 28, 2023 | Sep 28, 2023 | Nov 29, 2023 | JP¥42.00 | 0.791% |
4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥39.00 | 0.647% |
5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥39.00 | 0.744% |
FAQ
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