KIMOTO CO.,LTD. Stock Forecast
Red day on Thursday for KIMOTO CO.,LTD.
(Updated on May 30, 2024)
The KIMOTO CO.,LTD. stock price fell by -0.474% on the last day (Thursday, 30th May 2024) from JP¥211.00 to JP¥210.00. During the last trading day the stock fluctuated 1.44% from a day low at JP¥209.00 to a day high of JP¥212.00. The price has fallen in 5 of the last 10 days but is still up by 0.96% over the past 2 weeks. Volume has increased on the last day by 68 thousand 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, 135 thousand shares were bought and sold for approximately JP¥28.31 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.03% during the next 3 months and, with a 90% probability hold a price between JP¥177.89 and JP¥196.74 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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7908.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 0.96%. 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. 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¥210.71 and JP¥212.31. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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.
A sell signal from a double top formation was found on Friday, March 22, 2024 with a target of JP¥217.33. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥3.00 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7908.T) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect KIMOTO CO.,LTD. to open at JP¥210.33, and during the day (based on 14 day Average True Range), to move between JP¥205.71 and JP¥214.29, which gives a possible trading interval of +/-JP¥4.29 (+/-2.04%) up or down from last closing price. If KIMOTO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.09% 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¥211.00 (0.48%) than the support at JP¥209.00 (0.48%), 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 KIMOTO CO.,LTD. stock A Buy?
KIMOTO CO.,LTD. holds several negative signals and is within a 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: -1.929 Sell Candidate Unchanged
Predicted Opening Price for KIMOTO CO.,LTD. of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| JP¥210.33 ( 0.159%) | 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 | 213.33 | 1.59 % | |
| R2 | 212.19 | 1.04 % | ||
| R1 | 211.48 | 0.704 % | ||
| Current price: | 210.00 | |||
| Support | S1 | 209.19 | -0.387 % | |
| S2 | 208.48 | -0.724 % | ||
| S3 | 207.33 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 226.00 | 7.62 % | |
| R2 | 216.00 | 2.86 % | ||
| R1 | 211.00 | 0.476 % | ||
| Current price | 210.00 | |||
| Support | S1 | 209.00 | -0.476% | |
| S2 | 208.00 | -0.95% | ||
| S3 | 205.00 | -2.38% |
7908 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥3.00 | 1.60% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.00 | 1.51% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥3.00 | 1.28% |
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