KAMEI CORPORATION Stock Forecast
Red day on Friday for KAMEI CORPORATION stock after losing 1.60%
(Updated on Apr 19, 2024)
The KAMEI CORPORATION stock price fell by -1.60% on the last day (Friday, 19th Apr 2024) from JP¥2,063.00 to JP¥2,030.00. During the last trading day the stock fluctuated 2.59% from a day low at JP¥2,005.00 to a day high of JP¥2,057.00. The price has fallen in 6 of the last 10 days and is down by -3.38% for this period. Volume has increased on the last day by 25 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, 39 thousand shares were bought and sold for approximately JP¥79.37 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,011.31 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.93% during the next 3 months and, with a 90% probability hold a price between JP¥2,311.68 and JP¥2,541.98 at the end of this 3-month period.
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8037.T Signals & Forecast
There are few to no technical positive signals at the moment. The KAMEI CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,084.71 and JP¥2,071.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 KAMEI CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,922.00 and JP¥1,884.00. 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, KAMEI CORPORATION finds support just below today's level at JP¥1,922.00. If this is broken, then the next support from accumulated volume will be at JP¥1,884.00 and JP¥1,854.00.
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¥52.00 (2.59%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8037.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect KAMEI CORPORATION to open at JP¥2,030.67, and during the day (based on 14 day Average True Range), to move between JP¥1,979.05 and JP¥2,080.95, which gives a possible trading interval of +/-JP¥50.95 (+/-2.51%) up or down from last closing price. If KAMEI CORPORATION takes out the full calculated possible swing range there will be an estimated 5.02% 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¥2,044.00 (0.69%) than the support at JP¥1,922.00 (5.32%), 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 KAMEI CORPORATION stock A Buy?
The KAMEI CORPORATION stock holds several negative signals and despite the positive trend, we believe KAMEI CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.645 Sell Candidate Unchanged
Predicted Opening Price for KAMEI CORPORATION of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥2,030.67 ( 0.0328%) | JP¥2,030.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8037.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,082.67 | 2.59 % | |
| R2 | 2,062.80 | 1.62 % | ||
| R1 | 2,050.53 | 1.01 % | ||
| Current price: | 2,030.00 | |||
| Support | S1 | 2,010.80 | -0.95 % | |
| S2 | 1,998.53 | -1.55 % | ||
| S3 | 1,978.67 | -2.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,132.00 | 5.02 % | |
| R2 | 2,060.00 | 1.48 % | ||
| R1 | 2,044.00 | 0.690 % | ||
| Current price | 2,030.00 | |||
| Support | S1 | 1,922.00 | -5.32% | |
| S2 | 1,884.00 | -7.19% | ||
| S3 | 1,854.00 | -8.67% |
8037 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥2.00 | 0.139% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥18.50 | 1.70% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥18.50 | 1.80% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥17.50 | 1.41% |
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