KVK CORPORATION Stock Forecast

KVK CORPORATION stock upgraded to Buy Candidate.
(Updated on May 21, 2024)

6484.T Signals & Forecast

The KVK CORPORATION 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¥1,904.29. On a fall, the stock will find some support from the long-term average at approximately JP¥1,894.60. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, March 27, 2024, and so far it has fallen -2.27%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for KVK CORPORATION stock

KVK CORPORATION finds support from accumulated volume at JP¥1,870.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved JP¥6.00 between high and low, or 0.317%. For the last week the stock has had daily average volatility of 1.25%

Our recommended stop-loss: JP¥1,809.10 (-4.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (6484.T) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect KVK CORPORATION to open at JP¥1,895.00, and during the day (based on 14 day Average True Range), to move between JP¥1,875.24 and JP¥1,918.76, which gives a possible trading interval of +/-JP¥21.76 (+/-1.15%) up or down from last closing price. If KVK CORPORATION takes out the full calculated possible swing range there will be an estimated 2.29% 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¥1,898.00 (0.05%) than the support at JP¥1,870.00 (1.42%), 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 KVK CORPORATION 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 KVK CORPORATION 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: 1.315 Buy Candidate Upgraded

Predicted Opening Price for KVK CORPORATION of Wednesday, May 22, 2024

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