KOBAYASHI METALS LIMITED Stock Forecast
Evaluation of KOBAYASHI METALS LIMITED stock downgraded after the last trading session.
(Updated on Jul 03, 2024)
The KOBAYASHI METALS LIMITED stock price fell by -1.68% on the last day (Wednesday, 3rd Jul 2024) from JP¥238.00 to JP¥234.00. During the last trading day the stock fluctuated 2.14% from a day low at JP¥234.00 to a day high of JP¥239.00. The price has been going up and down for this period, and there has been a 2.18% 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 -200 shares and in total, 29 thousand shares were bought and sold for approximately JP¥6.67 million.
The stock lies the upper part of a wide and falling 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¥238.56 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.15% during the next 3 months and, with a 90% probability hold a price between JP¥183.96 and JP¥204.82 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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8077.T Signals & Forecast
There are mixed signals in the stock today. The KOBAYASHI METALS LIMITED 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¥234.29 and JP¥235.37. 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 Monday, June 17, 2024, and so far it has risen 5.41%. 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).
Support, Risk & Stop-loss for KOBAYASHI METALS LIMITED stock
KOBAYASHI METALS LIMITED finds support from accumulated volume at JP¥233.00 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¥5.00 (2.14%) between high and low. For the last week, the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8077.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect KOBAYASHI METALS LIMITED to open at JP¥235.67, and during the day (based on 14 day Average True Range), to move between JP¥229.30 and JP¥238.70, which gives a possible trading interval of +/-JP¥4.70 (+/-2.01%) up or down from last closing price. If KOBAYASHI METALS LIMITED takes out the full calculated possible swing range there will be an estimated 4.02% 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¥233.00 (0.43%) than the resistance at JP¥240.00 (2.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KOBAYASHI METALS LIMITED stock A Buy?
KOBAYASHI METALS LIMITED holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.610 Sell Candidate Downgraded
Predicted Opening Price for KOBAYASHI METALS LIMITED of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥235.67 ( 0.712%) | JP¥234.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8077.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 240.67 | 2.85% |
| R2 | 238.76 | 2.03% |
| R1 | 237.58 | 1.53% |
| Price | 234.00 | |
| S1 | 233.76 | -0.104% |
| S2 | 232.58 | -0.608% |
| S3 | 230.67 | -1.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 247.00 | 5.56% |
| R2 | 246.00 | 5.13% |
| R1 | 240.00 | 2.56% |
| Price | 234.00 | |
| S1 | 233.00 | -0.427% |
| S2 | 230.00 | -1.71% |
| S3 | 223.00 | -4.70% |
8077 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 30, 2024 | Oct 30, 2024 | Jan 01, 2025 | JP¥3.00 | 1.28% |
| 2 | Apr 26, 2024 | Apr 26, 2024 | Jul 01, 2024 | JP¥3.00 | 1.26% |
| 3 | Oct 30, 2023 | Oct 30, 2023 | Jan 31, 2024 | JP¥3.00 | 0.98% |
| 4 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥3.00 | 1.40% |
| 5 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥3.00 | 1.42% |
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