KUWAZAWA Trading Co.,Ltd. Stock Forecast
Evaluation of KUWAZAWA Trading Co.,Ltd. stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The KUWAZAWA Trading Co.,Ltd. stock price fell by -2.40% on the last day (Friday, 26th Apr 2024) from JP¥1,000.00 to JP¥976.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.00% from a day low at JP¥974.00 to a day high of JP¥1,013.00. The price has fallen in 9 of the last 10 days and is down by -13.24% for this period. Volume has increased on the last day by 89 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, 145 thousand shares were bought and sold for approximately JP¥141.23 million.
Given the current short-term trend, the stock is expected to rise 45.30% during the next 3 months and, with a 90% probability hold a price between JP¥1,418.11 and JP¥1,722.65 at the end of this 3-month period.
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8104.T Signals & Forecast
The KUWAZAWA Trading Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,005.86. On a fall, the stock will find some support from the long-term average at approximately JP¥948.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, April 12, 2024, and so far it has fallen -13.24%. 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 KUWAZAWA Trading Co.,Ltd. stock
KUWAZAWA Trading Co.,Ltd. finds support from accumulated volume at JP¥959.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥39.00 between high and low, or 4.00%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: JP¥927.00 (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (8104.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect KUWAZAWA Trading Co.,Ltd. to open at JP¥987.67, and during the day (based on 14 day Average True Range), to move between JP¥934.06 and JP¥1,017.94, which gives a possible trading interval of +/-JP¥41.94 (+/-4.30%) up or down from last closing price. If KUWAZAWA Trading Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 8.60% 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¥959.00 (1.74%) than the resistance at JP¥1,020.00 (4.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KUWAZAWA Trading Co.,Ltd. stock A Buy?
KUWAZAWA Trading Co.,Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.979 Hold/Accumulate Downgraded
Predicted Opening Price for KUWAZAWA Trading Co.,Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥987.67 ( 1.20%) | JP¥976.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8104.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,026.67 | 5.19 % | |
| R2 | 1,011.77 | 3.66 % | ||
| R1 | 1,002.56 | 2.72 % | ||
| Current price: | 976.00 | |||
| Support | S1 | 972.77 | -0.331 % | |
| S2 | 963.56 | -1.27 % | ||
| S3 | 948.67 | -2.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,125.00 | 15.27 % | |
| R2 | 1,116.00 | 14.34 % | ||
| R1 | 1,020.00 | 4.51 % | ||
| Current price | 976.00 | |||
| Support | S1 | 959.00 | -1.74% | |
| S2 | 918.00 | -5.94% | ||
| S3 | 775.00 | -20.59% |
8104 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 | 0.409% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 1.83% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥6.00 | 0.89% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥6.00 | 1.20% |
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