KOBAYASHI YOKO CO.,LTD. Stock Forecast
Red day on Thursday for KOBAYASHI YOKO CO.,LTD. stock after losing 0%
(Updated on May 02, 2024)
No changes to the price of KOBAYASHI YOKO CO.,LTD. stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 0.606% from a day low at JP¥330.00 to a day high of JP¥332.00. The price has fallen in 5 of the last 10 days and is down by -2.37% for this period.
Given the current short-term trend, the stock is expected to rise 35.11% during the next 3 months and, with a 90% probability hold a price between JP¥445.86 and JP¥694.95 at the end of this 3-month period.
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8742.T Signals & Forecast
There are few to no technical positive signals at the moment. The KOBAYASHI YOKO CO.,LTD. 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¥336.57 and JP¥362.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -28.26%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for KOBAYASHI YOKO CO.,LTD. stock
KOBAYASHI YOKO CO.,LTD. finds support from accumulated volume at JP¥326.00 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¥2.00 between high and low, or 0.606%. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8742.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect KOBAYASHI YOKO CO.,LTD. to open at JP¥330.67, and during the day (based on 14 day Average True Range), to move between JP¥313.89 and JP¥346.11, which gives a possible trading interval of +/-JP¥16.11 (+/-4.88%) up or down from last closing price. If KOBAYASHI YOKO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 9.76% 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¥326.00 (1.21%) than the resistance at JP¥369.00 (11.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
KOBAYASHI YOKO CO.,LTD. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for KOBAYASHI YOKO CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.31% in the first trading day after earnings release.
Is KOBAYASHI YOKO CO.,LTD. stock A Buy?
The KOBAYASHI YOKO CO.,LTD. stock holds several negative signals and despite the positive trend, we believe KOBAYASHI YOKO CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.193 Sell Candidate Unchanged
Predicted Opening Price for KOBAYASHI YOKO CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥330.67 ( 0.202%) | JP¥330.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8742.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 332.67 | 0.81 % | |
| R2 | 331.90 | 0.577 % | ||
| R1 | 331.43 | 0.434 % | ||
| Current price: | 330.00 | |||
| Support | S1 | 329.90 | -0.0295 % | |
| S2 | 329.43 | -0.173 % | ||
| S3 | 328.67 | -0.404 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 400.00 | 21.21 % | |
| R2 | 377.00 | 14.24 % | ||
| R1 | 369.00 | 11.82 % | ||
| Current price | 330.00 | |||
| Support | S1 | 326.00 | -1.21% | |
| S2 | 279.00 | -15.45% | ||
| S3 | 269.00 | -18.48% |
8742 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jul 01, 2024 | JP¥5.00 | 1.52% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.50 | 1.49% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥2.50 | 1.08% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥2.50 | 0.86% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥2.50 | 1.08% |
FAQ
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