Kenedix Office Investment Corporation Stock Forecast
Kenedix Office Investment Corporation stock price up 0.319% on Thursday
(Updated on May 02, 2024)
The Kenedix Office Investment Corporation stock price gained 0.319% on the last trading day (Thursday, 2nd May 2024), rising from JP¥156,900.00 to JP¥157,400.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.16% from a day low at JP¥155,600.00 to a day high of JP¥157,400.00. The price has fallen in 6 of the last 10 days but is still up by 0.51% 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, 2 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately JP¥2.67 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 6.56% during the next 3 months and, with a 90% probability hold a price between JP¥157,786.98 and JP¥175,860.91 at the end of this 3-month period.
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8972.T Signals & Forecast
The Kenedix Office Investment Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥156,742.86 and JP¥155,580.00. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -2.18%. 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).
Support, Risk & Stop-loss for Kenedix Office Investment Corporation stock
Kenedix Office Investment Corporation finds support from accumulated volume at JP¥157,200.00 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 1.16%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: JP¥150,830.09 (-4.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (8972.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Kenedix Office Investment Corporation to open at JP¥156,800.00, and during the day (based on 14 day Average True Range), to move between JP¥154,623.97 and JP¥160,176.03, which gives a possible trading interval of +/-JP¥2,776.03 (+/-1.76%) 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 3.53% 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¥157,200.00 (0.13%) than the resistance at JP¥157,700.00 (0.19%), 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?
Kenedix Office Investment Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.121 Hold/Accumulate Unchanged
Predicted Opening Price for Kenedix Office Investment Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥156,800.00 ( 0.381%) | JP¥157,400.00 |
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 | 158,600.00 | 0.762 % | |
| R2 | 157,912.40 | 0.326 % | ||
| R1 | 157,487.60 | 0.0557 % | ||
| Current price: | 157,400.00 | |||
| Support | S1 | 156,112.40 | -0.82 % | |
| S2 | 155,687.60 | -1.09 % | ||
| S3 | 155,000.00 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 159,500.00 | 1.33 % | |
| R2 | 159,400.00 | 1.27 % | ||
| R1 | 157,700.00 | 0.191 % | ||
| Current price | 157,400.00 | |||
| Support | S1 | 157,200.00 | -0.127% | |
| S2 | 155,900.00 | -0.95% | ||
| S3 | 149,900.00 | -4.76% |
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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