KOKUYO CO.,LTD. Stock Forecast
KOKUYO CO.,LTD. stock price down 0.84% on Wednesday
(Updated on May 08, 2024)
The KOKUYO CO.,LTD. stock price fell by -0.84% on the last day (Wednesday, 8th May 2024) from JP¥2,722.00 to JP¥2,699.00. During the last trading day the stock fluctuated 2.52% from a day low at JP¥2,677.50 to a day high of JP¥2,745.00. The price has risen in 9 of the last 10 days and is up by 7.23% over the past 2 weeks. Volume has increased on the last day by 7 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, 312 thousand shares were bought and sold for approximately JP¥841.01 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥2,728.03 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.42% during the next 3 months and, with a 90% probability hold a price between JP¥2,937.56 and JP¥3,121.46 at the end of this 3-month period.
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7984.T Signals & Forecast
The KOKUYO 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¥2,694.57 and JP¥2,579.54. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.84%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KOKUYO CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,531.00 and JP¥2,387.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KOKUYO CO.,LTD. finds support just below today's level at JP¥2,531.00. If this is broken, then the next support from accumulated volume will be at JP¥2,387.00 and JP¥2,229.50.
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¥67.50 between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: JP¥2,613.68 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (7984.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect KOKUYO CO.,LTD. to open at JP¥2,707.17, and during the day (based on 14 day Average True Range), to move between JP¥2,638.05 and JP¥2,759.95, which gives a possible trading interval of +/-JP¥60.95 (+/-2.26%) up or down from last closing price. If KOKUYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.52% 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¥2,699.50 (0.02%) than the support at JP¥2,531.00 (6.22%), 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 KOKUYO 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 KOKUYO CO.,LTD. stock to perform well in the short-term.
Current score: 2.160 Buy Candidate Unchanged
Predicted Opening Price for KOKUYO CO.,LTD. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥2,707.17 ( 0.303%) | JP¥2,699.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7984.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,774.67 | 2.80 % | |
| R2 | 2,748.88 | 1.85 % | ||
| R1 | 2,732.95 | 1.26 % | ||
| Current price: | 2,699.00 | |||
| Support | S1 | 2,681.38 | -0.653 % | |
| S2 | 2,665.45 | -1.24 % | ||
| S3 | 2,639.67 | -2.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,722.00 | 0.85 % | |
| R2 | 2,720.50 | 0.797 % | ||
| R1 | 2,699.50 | 0.0185 % | ||
| Current price | 2,699.00 | |||
| Support | S1 | 2,531.00 | -6.22% | |
| S2 | 2,387.00 | -11.56% | ||
| S3 | 2,229.50 | -17.40% |
7984 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥29.00 | 1.46% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥29.00 | 1.56% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥28.00 | 1.64% |
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