Keikyu Corporation Stock Forecast
Keikyu Corporation stock upgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The Keikyu Corporation stock price fell by -0.279% on the last day (Wednesday, 1st May 2024) from JP¥1,255.00 to JP¥1,251.50. During the last trading day the stock fluctuated 0.92% from a day low at JP¥1,248.00 to a day high of JP¥1,259.50. The price has fallen in 7 of the last 10 days and is down by -4.94% 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 -269 thousand shares and in total, 594 thousand shares were bought and sold for approximately JP¥742.89 million.
Given the current horizontal trend, you can expect Keikyu Corporation stock with a 90% probability to be traded between JP¥1,273.98 and JP¥1,472.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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9006.T Signals & Forecast
There are few to no technical positive signals at the moment. The Keikyu Corporation 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¥1,271.71 and JP¥1,331.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -12.85%. 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 Keikyu Corporation stock
Keikyu Corporation finds support from accumulated volume at JP¥1,248.50 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¥11.50 between high and low, or 0.92%. For the last week, the stock has had daily average volatility of 1.33%.
Keikyu Corporation is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: JP¥1,177.60 (-5.90%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 19 which reduces the risk some. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (9006.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Keikyu Corporation to open at JP¥1,253.00, and during the day (based on 14 day Average True Range), to move between JP¥1,229.37 and JP¥1,273.63, which gives a possible trading interval of +/-JP¥22.13 (+/-1.77%) up or down from last closing price. If Keikyu Corporation takes out the full calculated possible swing range there will be an estimated 3.54% 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¥1,248.50 (0.24%) than the resistance at JP¥1,418.50 (13.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Keikyu Corporation stock A Buy?
Keikyu Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.630 Hold/Accumulate Upgraded
Predicted Opening Price for Keikyu Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥1,253.00 ( 0.120%) | JP¥1,251.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9006.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,264.50 | 1.04 % | |
| R2 | 1,260.11 | 0.688 % | ||
| R1 | 1,257.39 | 0.471 % | ||
| Current price: | 1,251.50 | |||
| Support | S1 | 1,248.61 | -0.231 % | |
| S2 | 1,245.89 | -0.448 % | ||
| S3 | 1,241.50 | -0.799 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,436.00 | 14.74 % | |
| R2 | 1,420.00 | 13.46 % | ||
| R1 | 1,418.50 | 13.34 % | ||
| Current price | 1,251.50 | |||
| Support | S1 | 1,248.50 | -0.240% | |
| S2 | 1,243.50 | -0.639% | ||
| S3 | 0 | . |
9006 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¥6.00 | 0.471% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥6.00 | 0.476% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 0.339% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.402% |
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