KASAI KOGYO CO.,LTD. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
KASAI KOGYO CO.,LTD. stock price down 0% on Tuesday
(Updated on May 28, 2024)
No changes to the price of KASAI KOGYO CO.,LTD. stock on the last trading day (Tuesday, 28th May 2024). During the last trading day the stock fluctuated 2.93% from a day low at JP¥205.00 to a day high of JP¥211.00. The price has fallen in 6 of the last 10 days and is down by -17.67% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥202.47 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.64% during the next 3 months and, with a 90% probability hold a price between JP¥191.05 and JP¥244.68 at the end of this 3-month period.
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7256.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 0.99%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KASAI KOGYO 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¥210.71 and JP¥232.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for KASAI KOGYO CO.,LTD. stock
KASAI KOGYO CO.,LTD. finds support from accumulated volume at JP¥203.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥6.00 between high and low, or 2.93%. For the last week, the stock has had daily average volatility of 3.12%.
KASAI KOGYO CO.,LTD. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 29th
For the upcoming trading day on Wednesday, 29th we expect KASAI KOGYO CO.,LTD. to open at JP¥207.00, and during the day (based on 14 day Average True Range), to move between JP¥191.61 and JP¥218.39, which gives a possible trading interval of +/-JP¥13.39 (+/-6.53%) 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 13.06% 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¥203.00 (0.98%) than the resistance at JP¥223.00 (8.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KASAI KOGYO CO.,LTD. stock A Buy?
KASAI KOGYO 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.
Current score: -3.414 Sell Candidate Unchanged
Predicted Opening Price for KASAI KOGYO CO.,LTD. of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| JP¥207.00 ( 0.98%) | JP¥205.00 |
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 | 213.00 | 3.90 % | |
| R2 | 210.71 | 2.78 % | ||
| R1 | 209.29 | 2.09 % | ||
| Current price: | 205.00 | |||
| Support | S1 | 204.71 | -0.142 % | |
| S2 | 203.29 | -0.83 % | ||
| S3 | 201.00 | -1.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 252.00 | 22.93 % | |
| R2 | 248.00 | 20.98 % | ||
| R1 | 223.00 | 8.78 % | ||
| Current price | 205.00 | |||
| Support | S1 | 203.00 | -0.98% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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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