KATITAS CO.,LTD Stock Forecast
Green day on Tuesday for KATITAS CO.,LTD stock after gaining 0.768%
(Updated on Apr 23, 2024)
The KATITAS CO.,LTD stock price gained 0.768% on the last trading day (Tuesday, 23rd Apr 2024), rising from JP¥1,824.00 to JP¥1,838.00. During the last trading day the stock fluctuated 2.22% from a day low at JP¥1,799.00 to a day high of JP¥1,839.00. The price has fallen in 6 of the last 10 days and is down by -7.87% for this period. Volume fell on the last day by -8 thousand shares and in total, 303 thousand shares were bought and sold for approximately JP¥557.65 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,812.62 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.42% during the next 3 months and, with a 90% probability hold a price between JP¥1,856.55 and JP¥2,138.96 at the end of this 3-month period.
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8919.T Signals & Forecast
The KATITAS 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¥1,884.86 and JP¥1,945.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.49%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for KATITAS CO.,LTD stock
KATITAS CO.,LTD finds support from accumulated volume at JP¥1,830.00 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¥40.00 between high and low, or 2.22%. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: JP¥1,743.83 (-5.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (8919.T) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect KATITAS CO.,LTD to open at JP¥1,825.33, and during the day (based on 14 day Average True Range), to move between JP¥1,783.68 and JP¥1,892.32, which gives a possible trading interval of +/-JP¥54.32 (+/-2.96%) up or down from last closing price. If KATITAS CO.,LTD takes out the full calculated possible swing range there will be an estimated 5.91% 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¥1,830.00 (0.44%) than the resistance at JP¥1,908.00 (3.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KATITAS CO.,LTD stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.093 Buy Candidate Unchanged
Predicted Opening Price for KATITAS CO.,LTD of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| JP¥1,825.33 ( 0.689%) | JP¥1,838.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8919.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,865.33 | 1.49 % | |
| R2 | 1,850.05 | 0.656 % | ||
| R1 | 1,840.61 | 0.142 % | ||
| Current price: | 1,838.00 | |||
| Support | S1 | 1,810.05 | -1.52 % | |
| S2 | 1,800.61 | -2.03 % | ||
| S3 | 1,785.33 | -2.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,011.00 | 9.41 % | |
| R2 | 1,954.00 | 6.31 % | ||
| R1 | 1,908.00 | 3.81 % | ||
| Current price | 1,838.00 | |||
| Support | S1 | 1,830.00 | -0.435% | |
| S2 | 1,784.00 | -2.94% | ||
| S3 | 1,763.00 | -4.08% |
8919 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¥27.00 | 1.26% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 0.96% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥24.00 | 0.738% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥17.50 | 0.513% |
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