MAEZAWA KYUSO INDUSTRIES CO.,LTD. Stock Forecast
MAEZAWA KYUSO INDUSTRIES CO.,LTD. stock upgraded from Sell Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The MAEZAWA KYUSO INDUSTRIES CO.,LTD. stock price gained 2.63% on the last trading day (Friday, 17th May 2024), rising from JP¥1,331.00 to JP¥1,366.00. During the last trading day the stock fluctuated 4.30% from a day low at JP¥1,327.00 to a day high of JP¥1,384.00. The price has risen in 6 of the last 10 days and is up by 5.4% 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, 33 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately JP¥79.23 million.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. JP¥1,305.53 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach JP¥1,374.97 sometime during the next 3 months.
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6485.T Signals & Forecast
Mostly positive signals in the chart today. 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¥1,331.71 and JP¥1,289.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.61%. 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 MAEZAWA KYUSO INDUSTRIES CO.,LTD. stock
MAEZAWA KYUSO INDUSTRIES CO.,LTD. finds support from accumulated volume at JP¥1,299.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥57.00 (4.30%) between high and low. For the last week, the stock has had daily average volatility of 2.70%.
The MAEZAWA KYUSO INDUSTRIES CO.,LTD. stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: JP¥1,299.84 (-4.84%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (6485.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect MAEZAWA KYUSO INDUSTRIES CO.,LTD. to open at JP¥1,359.00, and during the day (based on 14 day Average True Range), to move between JP¥1,341.16 and JP¥1,390.84, which gives a possible trading interval of +/-JP¥24.84 (+/-1.82%) 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 3.64% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,299.00, some JP¥67.00 (4.90%) from the current price of JP¥1,366.00, our system finds the risk reward attractive.
Is MAEZAWA KYUSO INDUSTRIES CO.,LTD. stock A Buy?
MAEZAWA KYUSO INDUSTRIES CO.,LTD. holds several positive signals and has broken the horizontal trend up. As the stock is in great technical shape 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 Sell to a Strong Buy candidate.
Current score: 5.415 Strong Buy Candidate Upgraded
Predicted Opening Price for MAEZAWA KYUSO INDUSTRIES CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥1,359.00 ( 0.512%) | JP¥1,366.00 |
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 | 1,416.00 | 3.66 % | |
| R2 | 1,394.23 | 2.07 % | ||
| R1 | 1,380.77 | 1.08 % | ||
| Current price: | 1,366.00 | |||
| Support | S1 | 1,337.23 | -2.11 % | |
| S2 | 1,323.77 | -3.09 % | ||
| S3 | 1,302.00 | -4.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,366.00 | |||
| Support | S1 | 1,299.00 | -4.90% | |
| S2 | 1,295.00 | -5.20% | ||
| S3 | 1,253.00 | -8.27% |
6485 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¥18.00 | 1.88% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 1.67% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.05% |
FAQ
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