KITZ CORPORATION Stock Forecast
KITZ CORPORATION stock price ended at JP¥1,318.00 on Friday, after gaining 1.07%.
(Updated on Apr 26, 2024)
The KITZ CORPORATION stock price gained 1.07% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,304.00 to JP¥1,318.00. During the last trading day the stock fluctuated 2.25% from a day low at JP¥1,291.00 to a day high of JP¥1,320.00. The price has been going up and down for this period, and there has been a -4.91% loss for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 147 thousand shares were bought and sold for approximately JP¥193.35 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,306.27 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.89% during the next 3 months and, with a 90% probability hold a price between JP¥1,448.52 and JP¥1,560.66 at the end of this 3-month period.
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6498.T Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KITZ CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,321.31. On a fall, the stock will find some support from the short-term average at JP¥1,316.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -4.97%. 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 KITZ CORPORATION stock
KITZ CORPORATION finds support from accumulated volume at JP¥1,309.00 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¥29.00 (2.25%) between high and low. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6498.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect KITZ CORPORATION to open at JP¥1,309.67, and during the day (based on 14 day Average True Range), to move between JP¥1,285.43 and JP¥1,350.57, which gives a possible trading interval of +/-JP¥32.57 (+/-2.47%) up or down from last closing price. If KITZ CORPORATION takes out the full calculated possible swing range there will be an estimated 4.94% 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¥1,321.00 (0.23%) than the support at JP¥1,309.00 (0.68%), 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 KITZ CORPORATION stock A Buy?
The KITZ CORPORATION stock holds several negative signals and despite the positive trend, we believe KITZ CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.058 Sell Candidate Unchanged
Predicted Opening Price for KITZ CORPORATION of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,309.67 ( 0.632%) | JP¥1,318.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6498.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,338.67 | 1.57 % | |
| R2 | 1,327.59 | 0.728 % | ||
| R1 | 1,320.74 | 0.208 % | ||
| Current price: | 1,318.00 | |||
| Support | S1 | 1,298.59 | -1.47 % | |
| S2 | 1,291.74 | -1.99 % | ||
| S3 | 1,280.67 | -2.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,354.00 | 2.73 % | |
| R2 | 1,351.00 | 2.50 % | ||
| R1 | 1,321.00 | 0.228 % | ||
| Current price | 1,318.00 | |||
| Support | S1 | 1,309.00 | -0.683% | |
| S2 | 1,304.00 | -1.06% | ||
| S3 | 1,203.00 | -8.73% |
6498 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥18.00 | 1.66% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥18.00 | 2.30% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥15.00 | 2.34% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥11.00 | 1.54% |
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