Kenedix Office Investment Corporation Stock Forecast
Weaker technical forecast for Kenedix Office Investment Corporation as stock downgraded to Sell Candidate.
(Updated on Apr 26, 2024)
The Kenedix Office Investment Corporation stock price fell by -2.85% on the last day (Friday, 26th Apr 2024) from JP¥157,700.00 to JP¥153,200.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.18% from a day low at JP¥152,000.00 to a day high of JP¥153,800.00. The price has fallen in 7 of the last 10 days and is down by -1.79% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 27 thousand shares were bought and sold for approximately JP¥4.08 billion.
The stock lies in the middle of a wide and weak 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 3.69% during the next 3 months and, with a 90% probability hold a price between JP¥150,276.21 and JP¥168,903.88 at the end of this 3-month period.
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8972.T Signals & Forecast
There are few to no technical positive signals at the moment. The Kenedix Office Investment Corporation 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¥156,714.29 and JP¥154,400.00. 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 -4.79%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kenedix Office Investment Corporation stock
Kenedix Office Investment Corporation finds support from accumulated volume at JP¥149,900.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥1,800.00 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8972.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Kenedix Office Investment Corporation to open at JP¥153,000.00, and during the day (based on 14 day Average True Range), to move between JP¥150,267.70 and JP¥156,132.30, which gives a possible trading interval of +/-JP¥2,932.30 (+/-1.91%) up or down from last closing price. If Kenedix Office Investment Corporation takes out the full calculated possible swing range there will be an estimated 3.83% 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¥149,900.00 (2.15%) than the resistance at JP¥157,200.00 (2.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kenedix Office Investment Corporation stock A Buy?
The Kenedix Office Investment Corporation stock holds several negative signals and despite the positive trend, we believe Kenedix Office Investment Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.577 Sell Candidate Downgraded
Predicted Opening Price for Kenedix Office Investment Corporation of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥153,000.00 ( 0.131%) | JP¥153,200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8972.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 154,800.00 | 1.04 % | |
| R2 | 154,112.40 | 0.596 % | ||
| R1 | 153,687.60 | 0.318 % | ||
| Current price: | 153,200.00 | |||
| Support | S1 | 152,312.40 | -0.579 % | |
| S2 | 151,887.60 | -0.86 % | ||
| S3 | 151,200.00 | -1.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 159,400.00 | 4.05 % | |
| R2 | 157,700.00 | 2.94 % | ||
| R1 | 157,200.00 | 2.61 % | ||
| Current price | 153,200.00 | |||
| Support | S1 | 149,900.00 | -2.15% | |
| S2 | 147,300.00 | -3.85% | ||
| S3 | 142,300.00 | -7.11% |
8972 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 26, 2024 | JP¥0 | 0% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | JP¥0 | 0% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥7,250.00 | 4.92% |
| 4 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥7,244.00 | 4.36% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥7,000.00 | 4.05% |
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