The Kita-Nippon Bank,Ltd. Stock Forecast
The Kita-Nippon Bank,Ltd. stock upgraded to Sell Candidate.
(Updated on Apr 18, 2024)
The The Kita-Nippon Bank,Ltd. stock price gained 1.22% on the last trading day (Thursday, 18th Apr 2024), rising from JP¥2,370.00 to JP¥2,399.00. During the last trading day the stock fluctuated 1.94% from a day low at JP¥2,370.00 to a day high of JP¥2,416.00. The price has risen in 6 of the last 10 days and is up by 1.1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately JP¥33.83 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.60% during the next 3 months and, with a 90% probability hold a price between JP¥2,636.41 and JP¥3,067.87 at the end of this 3-month period.
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8551.T Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Kita-Nippon Bank,Ltd. 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¥2,424.86 and JP¥2,407.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -7.73%. 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). The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for The Kita-Nippon Bank,Ltd. stock
The Kita-Nippon Bank,Ltd. finds support from accumulated volume at JP¥2,284.00 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¥46.00 between high and low, or 1.94%. For the last week, the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8551.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect The Kita-Nippon Bank,Ltd. to open at JP¥2,395.00, and during the day (based on 14 day Average True Range), to move between JP¥2,339.58 and JP¥2,458.42, which gives a possible trading interval of +/-JP¥59.42 (+/-2.48%) up or down from last closing price. If The Kita-Nippon Bank,Ltd. takes out the full calculated possible swing range there will be an estimated 4.95% 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¥2,413.00 (0.58%) than the support at JP¥2,284.00 (4.79%), 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 The Kita-Nippon Bank,Ltd. stock A Buy?
The The Kita-Nippon Bank,Ltd. stock holds several negative signals and despite the positive trend, we believe The Kita-Nippon Bank,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.228 Sell Candidate Upgraded
Predicted Opening Price for The Kita-Nippon Bank,Ltd. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| JP¥2,395.00 ( 0.167%) | JP¥2,399.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8551.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,441.00 | 1.75 % | |
| R2 | 2,423.43 | 1.02 % | ||
| R1 | 2,412.57 | 0.566 % | ||
| Current price: | 2,399.00 | |||
| Support | S1 | 2,377.43 | -0.90 % | |
| S2 | 2,366.57 | -1.35 % | ||
| S3 | 2,349.00 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,561.00 | 6.75 % | |
| R2 | 2,462.00 | 2.63 % | ||
| R1 | 2,413.00 | 0.584 % | ||
| Current price | 2,399.00 | |||
| Support | S1 | 2,284.00 | -4.79% | |
| S2 | 2,258.00 | -5.88% | ||
| S3 | 2,246.00 | -6.38% |
8551 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥30.00 | 1.25% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 1.50% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 1.69% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥35.00 | 2.12% |
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