Kurita Water Industries Ltd. Stock Forecast
Kurita Water Industries Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The Kurita Water Industries Ltd. stock price gained 2.83% on the last trading day (Friday, 31st May 2024), rising from JP¥6,535.00 to JP¥6,720.00. During the last trading day the stock fluctuated 2.37% from a day low at JP¥6,576.00 to a day high of JP¥6,732.00. The price has fallen in 6 of the last 10 days and is down by -1.55% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 219 thousand more shares were traded than the day before. In total, 501 thousand shares were bought and sold for approximately JP¥3.37 billion.
The stock lies in the middle of a wide and weak 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 6.73% during the next 3 months and, with a 90% probability hold a price between JP¥6,441.49 and JP¥7,484.58 at the end of this 3-month period.
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6370.T Signals & Forecast
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¥6,688.57 and JP¥6,439.09. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.25%. 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).
Support, Risk & Stop-loss for Kurita Water Industries Ltd. stock
Kurita Water Industries Ltd. finds support from accumulated volume at JP¥6,417.00 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¥156.00 between high and low, or 2.37%. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: JP¥6,412.53 (-4.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (6370.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Kurita Water Industries Ltd. to open at JP¥6,676.00, and during the day (based on 14 day Average True Range), to move between JP¥6,557.68 and JP¥6,882.32, which gives a possible trading interval of +/-JP¥162.32 (+/-2.42%) 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 4.83% 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¥6,748.00 (0.42%) than the support at JP¥6,417.00 (4.51%), 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 Kurita Water Industries 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 Kurita Water Industries Ltd. 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: 2.228 Buy Candidate Upgraded
Predicted Opening Price for Kurita Water Industries Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥6,676.00 ( 0.655%) | JP¥6,720.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 6,832.00 | 1.67 % | |
| R2 | 6,772.41 | 0.780 % | ||
| R1 | 6,735.59 | 0.232 % | ||
| Current price: | 6,720.00 | |||
| Support | S1 | 6,616.41 | -1.54 % | |
| S2 | 6,579.59 | -2.09 % | ||
| S3 | 6,520.00 | -2.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,859.00 | 2.07 % | |
| R2 | 6,813.00 | 1.38 % | ||
| R1 | 6,748.00 | 0.417 % | ||
| Current price | 6,720.00 | |||
| Support | S1 | 6,417.00 | -4.51% | |
| S2 | 6,250.00 | -6.99% | ||
| S3 | 5,836.00 | -13.15% |
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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥39.00 | 0.647% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥39.00 | 0.744% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥36.00 | 0.783% |
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