KIMOTO CO.,LTD. Stock Forecast
KIMOTO CO.,LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The KIMOTO CO.,LTD. stock price fell by -0.474% on the last day (Wednesday, 8th May 2024) from JP¥211.00 to JP¥210.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.95% from a day low at JP¥210.00 to a day high of JP¥212.00. The price has been going up and down for this period, and there has been a 2.44% gain for the last 2 weeks. 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 -55 thousand shares and in total, 120 thousand shares were bought and sold for approximately JP¥25.18 million.
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¥205.22 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect KIMOTO CO.,LTD. stock with a 90% probability to be traded between JP¥206.30 and JP¥234.89 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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7908.T Signals & Forecast
There are mixed signals in the stock today. The KIMOTO 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¥212.14 and JP¥219.49. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.44%. 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). The stock had a Golden Star Signal on Tuesday, November 21, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, November 21, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for KIMOTO CO.,LTD. stock
KIMOTO CO.,LTD. finds support from accumulated volume at JP¥209.00 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¥2.00 (0.95%) between high and low. For the last week, the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: JP¥197.92 (-5.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (7908.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect KIMOTO CO.,LTD. to open at JP¥210.67, and during the day (based on 14 day Average True Range), to move between JP¥204.58 and JP¥215.42, which gives a possible trading interval of +/-JP¥5.42 (+/-2.58%) up or down from last closing price. If KIMOTO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.16% 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¥209.00 (0.48%) than the resistance at JP¥216.00 (2.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KIMOTO CO.,LTD. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for KIMOTO CO.,LTD. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.532 Buy Candidate Upgraded
Predicted Opening Price for KIMOTO CO.,LTD. of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
JP¥210.67 ( 0.317%) | JP¥210.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7908.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 212.67 | 1.27 % | |
R2 | 211.90 | 0.91 % | ||
R1 | 211.43 | 0.681 % | ||
Current price: | 210.00 | |||
Support | S1 | 209.90 | -0.0463 % | |
S2 | 209.43 | -0.271 % | ||
S3 | 208.67 | -0.635 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 226.00 | 7.62 % | |
R2 | 223.00 | 6.19 % | ||
R1 | 216.00 | 2.86 % | ||
Current price | 210.00 | |||
Support | S1 | 209.00 | -0.476% | |
S2 | 208.00 | -0.95% | ||
S3 | 207.00 | -1.43% |
7908 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥3.00 | 1.60% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.00 | 1.51% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥3.00 | 1.28% |
5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥4.00 | 1.83% |
FAQ
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