THE KINKI SHARYO CO.,LTD. Stock Forecast
THE KINKI SHARYO CO.,LTD. stock price took a fall of -7.54% on Thursday
(Updated on May 16, 2024)
The THE KINKI SHARYO CO.,LTD. stock price fell by -7.54% on the last day (Thursday, 16th May 2024) from JP¥2,070.00 to JP¥1,914.00. During the last trading day the stock fluctuated 8.38% from a day low at JP¥1,910.00 to a day high of JP¥2,070.00. The price has fallen in 7 of the last 10 days and is down by -17.11% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 31 thousand shares were bought and sold for approximately JP¥59.14 million.
Given the current short-term trend, the stock is expected to fall -14.18% during the next 3 months and, with a 90% probability hold a price between JP¥1,642.59 and JP¥2,100.23 at the end of this 3-month period.
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7122.T Signals & Forecast
There are few to no technical positive signals at the moment. The THE KINKI SHARYO CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥2,144.14 and JP¥2,300.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -30.68%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for THE KINKI SHARYO CO.,LTD. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥160.00 between high and low, or 8.38%. For the last week, the stock has had daily average volatility of 6.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7122.T) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect THE KINKI SHARYO CO.,LTD. to open at JP¥1,964.67, and during the day (based on 14 day Average True Range), to move between JP¥1,810.42 and JP¥2,017.58, which gives a possible trading interval of +/-JP¥103.58 (+/-5.41%) up or down from last closing price. If THE KINKI SHARYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 10.82% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥2,050.00, some JP¥136.00 (7.11%) from the current price of JP¥1,914.00, our system finds the risk reward not very attractive.
Is THE KINKI SHARYO CO.,LTD. stock A Buy?
THE KINKI SHARYO CO.,LTD. holds several negative signals and is within a very wide and falling trend, so we believe 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 Hold/Accumulate to a Strong Sell candidate.
Current score: -6.272 Strong Sell Candidate Downgraded
Predicted Opening Price for THE KINKI SHARYO CO.,LTD. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| JP¥1,964.67 ( 2.65%) | JP¥1,914.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7122.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,124.67 | 11.01 % | |
| R2 | 2,063.55 | 7.81 % | ||
| R1 | 2,025.79 | 5.84 % | ||
| Current price: | 1,914.00 | |||
| Support | S1 | 1,903.55 | -0.546 % | |
| S2 | 1,865.79 | -2.52 % | ||
| S3 | 1,804.67 | -5.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,332.00 | 21.84 % | |
| R2 | 2,233.00 | 16.67 % | ||
| R1 | 2,050.00 | 7.11 % | ||
| Current price | 1,914.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
7122 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 3.55% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥30.00 | 2.54% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥30.00 | 2.23% |
| 5 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥3.00 | 0.117% |
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