KYOKUTO KAIHATSU KOGYO CO.,LTD. Stock Forecast
KYOKUTO KAIHATSU KOGYO CO.,LTD. stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The KYOKUTO KAIHATSU KOGYO CO.,LTD. stock price fell by -0.0796% on the last day (Friday, 28th Jun 2024) from JP¥2,514.00 to JP¥2,512.00. During the last trading day the stock fluctuated 0.96% from a day low at JP¥2,497.00 to a day high of JP¥2,521.00. The price has fallen in 5 of the last 10 days but is still up by 2.53% over the past 2 weeks. Volume has increased on the last day by 600 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 49 thousand shares were bought and sold for approximately JP¥123.34 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥2,549.89 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.14% during the next 3 months and, with a 90% probability hold a price between JP¥2,181.29 and JP¥2,418.84 at the end of this 3-month period. 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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7226.T Signals & Forecast
The KYOKUTO KAIHATSU KOGYO 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¥2,471.29 and JP¥2,465.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 4.62%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KYOKUTO KAIHATSU KOGYO CO.,LTD. stock
KYOKUTO KAIHATSU KOGYO CO.,LTD. finds support from accumulated volume at JP¥2,490.00 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¥24.00 (0.96%) between high and low. For the last week, the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: JP¥2,394.56 (-4.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (7226.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect KYOKUTO KAIHATSU KOGYO CO.,LTD. to open at JP¥2,510.00, and during the day (based on 14 day Average True Range), to move between JP¥2,463.02 and JP¥2,560.98, which gives a possible trading interval of +/-JP¥48.98 (+/-1.95%) up or down from last closing price. If KYOKUTO KAIHATSU KOGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.90% 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¥2,534.00 (0.88%) than the support at JP¥2,490.00 (0.88%), 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 KYOKUTO KAIHATSU KOGYO CO.,LTD. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.101 Buy Candidate Upgraded
Predicted Opening Price for KYOKUTO KAIHATSU KOGYO CO.,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥2,510.00 ( 0.0796%) | JP¥2,512.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7226.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,534.00 | 0.88% |
| R2 | 2,524.83 | 0.511% |
| R1 | 2,519.17 | 0.285% |
| Price | 2,512.00 | |
| S1 | 2,500.83 | -0.445% |
| S2 | 2,495.17 | -0.670% |
| S3 | 2,486.00 | -1.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,577.00 | 2.59% |
| R2 | 2,561.00 | 1.95% |
| R1 | 2,534.00 | 0.88% |
| Price | 2,512.00 | |
| S1 | 2,490.00 | -0.88% |
| S2 | 2,393.00 | -4.74% |
| S3 | 2,373.00 | -5.53% |
7226 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 | Jun 27, 2024 | JP¥58.00 | 2.31% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 06, 2023 | JP¥29.00 | 1.51% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥27.00 | 1.67% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥27.00 | 2.00% |
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