KASAI KOGYO CO.,LTD. Stock Forecast
Evaluation of KASAI KOGYO CO.,LTD. stock downgraded after the last trading session.
(Updated on May 07, 2024)
No changes to the price of KASAI KOGYO CO.,LTD. stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 2.54% from a day low at JP¥236.00 to a day high of JP¥242.00. The price has fallen in 6 of the last 10 days and is down by -5.16% for this period.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.09% during the next 3 months and, with a 90% probability hold a price between JP¥212.14 and JP¥283.69 at the end of this 3-month period.
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7256.T Signals & Forecast
There are mixed signals in the stock today. The KASAI KOGYO CO.,LTD. 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¥239.06. On a fall, the stock will find some support from the short-term average at JP¥235.14. 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 Friday, February 16, 2024, and so far it has fallen -7.36%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KASAI KOGYO CO.,LTD. stock
KASAI KOGYO CO.,LTD. finds support from accumulated volume at JP¥236.00 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¥6.00 between high and low, or 2.54%. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7256.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect KASAI KOGYO CO.,LTD. to open at JP¥239.00, and during the day (based on 14 day Average True Range), to move between JP¥228.23 and JP¥249.77, which gives a possible trading interval of +/-JP¥10.77 (+/-4.51%) up or down from last closing price. If KASAI KOGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 9.02% 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¥236.00 (1.26%) than the resistance at JP¥250.00 (4.60%), 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
KASAI KOGYO CO.,LTD. will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for KASAI KOGYO CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.55% in the first trading day after earnings release.
Is KASAI KOGYO CO.,LTD. stock A Buy?
KASAI KOGYO CO.,LTD. holds several negative signals and we believe that 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 Sell candidate.
Current score: -3.727 Sell Candidate Downgraded
Predicted Opening Price for KASAI KOGYO CO.,LTD. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥239.00 ( 0%) | JP¥239.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7256.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 245.00 | 2.51 % | |
| R2 | 242.71 | 1.55 % | ||
| R1 | 241.29 | 0.96 % | ||
| Current price: | 239.00 | |||
| Support | S1 | 236.71 | -0.96 % | |
| S2 | 235.29 | -1.55 % | ||
| S3 | 233.00 | -2.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 258.00 | 7.95 % | |
| R2 | 252.00 | 5.44 % | ||
| R1 | 250.00 | 4.60 % | ||
| Current price | 239.00 | |||
| Support | S1 | 236.00 | -1.26% | |
| S2 | 231.00 | -3.35% | ||
| S3 | 230.00 | -3.77% |
7256 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥9.00 | 1.64% |
| 2 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥18.00 | 2.25% |
| 3 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥18.00 | 2.07% |
| 4 | Sep 26, 2018 | Sep 26, 2018 | Sep 26, 2018 | JP¥18.00 | 1.46% |
| 5 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥17.00 | 1.25% |
FAQ
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