KOMATSU WALL INDUSTRY CO.,LTD. Stock Forecast

Weaker technical forecast for KOMATSU WALL INDUSTRY CO.,LTD. as stock downgraded to Buy Candidate.
(Updated on Jun 26, 2024)

7949.T Signals & Forecast

Mostly positive signals in the chart today. The KOMATSU WALL INDUSTRY 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¥3,252.14 and JP¥3,217.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.20%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, June 18, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 20, 2024.

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 KOMATSU WALL INDUSTRY CO.,LTD. stock

KOMATSU WALL INDUSTRY CO.,LTD. finds support from accumulated volume at JP¥3,190.00 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¥35.00 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.93%.

Our recommended stop-loss: JP¥3,213.10 (-3.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 74 days ago.)

Trading Expectations (7949.T) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect KOMATSU WALL INDUSTRY CO.,LTD. to open at JP¥3,315.00, and during the day (based on 14 day Average True Range), to move between JP¥3,260.11 and JP¥3,379.89, which gives a possible trading interval of +/-JP¥59.89 (+/-1.80%) up or down from last closing price. If KOMATSU WALL INDUSTRY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.61% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ JP¥3,190.00, some JP¥130.00 (3.92%) from the current price of JP¥3,320.00, our system finds the risk reward attractive.

Is KOMATSU WALL INDUSTRY CO.,LTD. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for KOMATSU WALL INDUSTRY CO.,LTD. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.570 Buy Candidate Downgraded

Predicted Opening Price for KOMATSU WALL INDUSTRY CO.,LTD. of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.