KIMURATAN CORPORATION Stock Forecast
KIMURATAN CORPORATION stock price up more than 5.88% on Wednesday
(Updated on May 22, 2024)
The KIMURATAN CORPORATION stock price gained 5.88% on the last trading day (Wednesday, 22nd May 2024), rising from JP¥17.00 to JP¥18.00. During the last trading day the stock fluctuated 5.88% from a day low at JP¥17.00 to a day high of JP¥18.00. The price has been going up and down for this period, and there has been a 5.88% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 67 thousand more shares were traded than the day before. In total, 187 thousand shares were bought and sold for approximately JP¥3.37 million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥17.87, a level that may pose a second chance to hit a runner. According to fan-theory JP¥19.42 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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8107.T Signals & Forecast
Mostly positive signals in the chart today. The KIMURATAN CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥17.14 and JP¥17.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 5.88%. 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 is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Friday, May 10, 2024 with a target of JP¥17.50. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for KIMURATAN CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥17.00. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at JP¥ may give a huge drop in the stock price.
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¥1.00 between high and low, or 5.88%. For the last week the stock has had daily average volatility of 5.88%.
Our recommended stop-loss: JP¥17.21 (-4.37%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (8107.T) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect KIMURATAN CORPORATION to open at JP¥17.67, and during the day (based on 14 day Average True Range), to move between JP¥17.11 and JP¥18.89, which gives a possible trading interval of +/-JP¥0.89 (+/-4.95%) up or down from last closing price. If KIMURATAN CORPORATION takes out the full calculated possible swing range there will be an estimated 9.90% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥17.00, some JP¥1.00 (5.56%) from the current price of JP¥18.00, our system finds the risk reward attractive.
Is KIMURATAN CORPORATION stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.499 Buy Candidate Upgraded
Predicted Opening Price for KIMURATAN CORPORATION of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| JP¥17.67 ( 1.85%) | JP¥18.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8107.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.67 | 3.70 % | |
| R2 | 18.28 | 1.58 % | ||
| R1 | 18.05 | 0.270 % | ||
| Current price: | 18.00 | |||
| Support | S1 | 17.28 | -3.97 % | |
| S2 | 17.05 | -5.29 % | ||
| S3 | 16.67 | -7.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 18.00 | |||
| Support | S1 | 17.00 | -5.56% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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