KEYENCE CORPORATION Stock Forecast
Stronger technical forecast for KEYENCE CORPORATION stock price after Thursday trading.
(Updated on Apr 18, 2024)
The KEYENCE CORPORATION stock price gained 1.14% on the last trading day (Thursday, 18th Apr 2024), rising from JP¥64,240.00 to JP¥64,970.00. During the last trading day the stock fluctuated 1.46% from a day low at JP¥64,340.00 to a day high of JP¥65,280.00. The price has been going up and down for this period, and there has been a -4.88% loss for the last 2 weeks. Volume fell on the last day by -80 thousand shares and in total, 362 thousand shares were bought and sold for approximately JP¥23.50 billion. 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 is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥64,252.34 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect KEYENCE CORPORATION stock with a 90% probability to be traded between JP¥64,901.31 and JP¥76,022.64 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.
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6861.T Signals & Forecast
There are mixed signals in the stock today. The KEYENCE 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¥69,140.57. On a fall, the stock will find some support from the short-term average at JP¥64,805.71. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.14%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for KEYENCE CORPORATION stock
KEYENCE CORPORATION finds support from accumulated volume at JP¥64,950.00 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¥940.00 between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: JP¥61,378.34 (-5.53%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (6861.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect KEYENCE CORPORATION to open at JP¥64,863.33, and during the day (based on 14 day Average True Range), to move between JP¥63,563.70 and JP¥66,376.30, which gives a possible trading interval of +/-JP¥1,406.30 (+/-2.16%) up or down from last closing price. If KEYENCE CORPORATION takes out the full calculated possible swing range there will be an estimated 4.33% 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¥64,950.00 (0.03%) than the resistance at JP¥65,880.00 (1.40%), 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
KEYENCE CORPORATION will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $211.45. We will update the financials statements for KEYENCE CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.17% in the first trading day after earnings release.
Is KEYENCE CORPORATION stock A Buy?
KEYENCE CORPORATION holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.295 Hold/Accumulate Upgraded
Predicted Opening Price for KEYENCE CORPORATION of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| JP¥64,863.33 ( 0.164%) | JP¥64,970.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6861.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65,803.33 | 1.28 % | |
| R2 | 65,444.25 | 0.730 % | ||
| R1 | 65,222.41 | 0.389 % | ||
| Current price: | 64,970.00 | |||
| Support | S1 | 64,504.25 | -0.717 % | |
| S2 | 64,282.41 | -1.06 % | ||
| S3 | 63,923.33 | -1.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67,860.00 | 4.45 % | |
| R2 | 66,580.00 | 2.48 % | ||
| R1 | 65,880.00 | 1.40 % | ||
| Current price | 64,970.00 | |||
| Support | S1 | 64,950.00 | -0.0308% | |
| S2 | 64,870.00 | -0.154% | ||
| S3 | 64,180.00 | -1.22% |
6861 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 18, 2024 | JP¥0 | 0% |
| 2 | Mar 17, 2023 | Mar 17, 2023 | Mar 17, 2023 | JP¥150.00 | 0.248% |
| 3 | Sep 16, 2022 | Sep 16, 2022 | Sep 16, 2022 | JP¥150.00 | 0.299% |
| 4 | Mar 17, 2022 | Mar 17, 2022 | Mar 17, 2022 | JP¥100.00 | 0.184% |
| 5 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | JP¥100.00 | 0.137% |
FAQ
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