MAEZAWA KYUSO INDUSTRIES CO.,LTD. Stock Forecast
Evaluation of MAEZAWA KYUSO INDUSTRIES CO.,LTD. stock downgraded after the last trading session.
(Updated on May 07, 2024)
The MAEZAWA KYUSO INDUSTRIES CO.,LTD. stock price gained 0.0772% on the last trading day (Tuesday, 7th May 2024), rising from JP¥1,295.00 to JP¥1,296.00. During the last trading day the stock fluctuated 0.93% from a day low at JP¥1,287.00 to a day high of JP¥1,299.00. The price has been going up and down for this period, and there has been a 2.37% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately JP¥14.90 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect MAEZAWA KYUSO INDUSTRIES CO.,LTD. stock with a 90% probability to be traded between JP¥1,208.54 and JP¥1,294.17 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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.
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6485.T Signals & Forecast
The MAEZAWA KYUSO INDUSTRIES CO.,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¥1,288.71 and JP¥1,288.37. A breakdown below any of these levels will issue sell signals. 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. 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, May 01, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
A buy signal from a double bottom formation was found on Monday, March 11, 2024 and based on theory for this formation the price should go up by 4.57% to JP¥1,355.25 within 16 trading days since signal was issued (Wednesday, May 08, 2024).
Support, Risk & Stop-loss for MAEZAWA KYUSO INDUSTRIES CO.,LTD. stock
MAEZAWA KYUSO INDUSTRIES CO.,LTD. finds support from accumulated volume at JP¥1,295.00 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¥12.00 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6485.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect MAEZAWA KYUSO INDUSTRIES CO.,LTD. to open at JP¥1,294.00, and during the day (based on 14 day Average True Range), to move between JP¥1,276.05 and JP¥1,315.95, which gives a possible trading interval of +/-JP¥19.95 (+/-1.54%) up or down from last closing price. If MAEZAWA KYUSO INDUSTRIES CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.08% 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¥1,295.00 (0.08%) than the resistance at JP¥1,299.00 (0.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
MAEZAWA KYUSO INDUSTRIES CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for MAEZAWA KYUSO INDUSTRIES CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.02% in the first trading day after earnings release.
Is MAEZAWA KYUSO INDUSTRIES CO.,LTD. stock A Buy?
MAEZAWA KYUSO INDUSTRIES CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.221 Sell Candidate Downgraded
Predicted Opening Price for MAEZAWA KYUSO INDUSTRIES CO.,LTD. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥1,294.00 ( 0.154%) | JP¥1,296.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6485.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,306.00 | 0.772 % | |
| R2 | 1,301.42 | 0.418 % | ||
| R1 | 1,298.58 | 0.199 % | ||
| Current price: | 1,296.00 | |||
| Support | S1 | 1,289.42 | -0.508 % | |
| S2 | 1,286.58 | -0.727 % | ||
| S3 | 1,282.00 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,323.00 | 2.08 % | |
| R2 | 1,307.00 | 0.85 % | ||
| R1 | 1,299.00 | 0.231 % | ||
| Current price | 1,296.00 | |||
| Support | S1 | 1,295.00 | -0.0772% | |
| S2 | 1,281.00 | -1.16% | ||
| S3 | 1,279.00 | -1.31% |
6485 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥18.00 | 1.88% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 1.67% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.05% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥10.00 | 1.00% |
FAQ
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