KYOKUTO SECURITIES CO.,LTD. Stock Forecast
KYOKUTO SECURITIES CO.,LTD. stock price down 0.795% on Wednesday
(Updated on Mar 27, 2024)
The KYOKUTO SECURITIES CO.,LTD. stock price fell by -0.795% on the last day (Wednesday, 27th Mar 2024) from JP¥1,760.00 to JP¥1,746.00. During the last trading day the stock fluctuated 2.18% from a day low at JP¥1,746.00 to a day high of JP¥1,784.00. The price has risen in 6 of the last 10 days and is up by 60.18% over the past 2 weeks. Volume has increased on the last day by 448 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, 2 million shares were bought and sold for approximately JP¥2.71 billion.
The stock lies in the upper part of a very wide and strong rising 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¥1,829.42 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 50.09% during the next 3 months and, with a 90% probability hold a price between JP¥1,796.71 and JP¥2,745.73 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
8706.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -3.43%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The KYOKUTO SECURITIES 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¥1,749.29. On a fall, the stock will find some support from the long-term average at approximately JP¥1,220.97. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KYOKUTO SECURITIES CO.,LTD. stock
KYOKUTO SECURITIES CO.,LTD. finds support from accumulated volume at JP¥1,715.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥38.00 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 2.93%.
The KYOKUTO SECURITIES CO.,LTD. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥1,686.03 (-3.43%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (8706.T) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect KYOKUTO SECURITIES CO.,LTD. to open at JP¥1,758.67, and during the day (based on 14 day Average True Range), to move between JP¥1,681.68 and JP¥1,810.32, which gives a possible trading interval of +/-JP¥64.32 (+/-3.68%) up or down from last closing price. If KYOKUTO SECURITIES CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.37% 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¥1,755.00 (0.52%) than the support at JP¥1,715.00 (1.78%), 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 KYOKUTO SECURITIES CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for KYOKUTO SECURITIES CO.,LTD. stock to perform well in the short-term.
Current score: 1.472 Buy Candidate Unchanged
Predicted Opening Price for KYOKUTO SECURITIES CO.,LTD. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
JP¥1,758.67 ( 0.725%) | JP¥1,746.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8706.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,796.67 | 2.90 % | |
R2 | 1,782.15 | 2.07 % | ||
R1 | 1,773.18 | 1.56 % | ||
Current price: | 1,746.00 | |||
Support | S1 | 1,744.15 | -0.106 % | |
S2 | 1,735.18 | -0.620 % | ||
S3 | 1,720.67 | -1.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,808.00 | 3.55 % | |
R2 | 1,760.00 | 0.80 % | ||
R1 | 1,755.00 | 0.515 % | ||
Current price | 1,746.00 | |||
Support | S1 | 1,715.00 | -1.78% | |
S2 | 1,688.00 | -3.32% | ||
S3 | 1,684.00 | -3.55% |
8706 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | May 01, 2024 | JP¥10.00 | 0.569% |
2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥30.00 | 3.15% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥15.00 | 2.53% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 2.28% |
5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.71% |
FAQ
Click here for our free guide on how to buy KYOKUTO SECURITIES CO.,LTD. Stock.