Kobe Electric Railway Co.,Ltd. Stock Forecast
Stronger technical forecast for Kobe Electric Railway Co.,Ltd. stock price after Wednesday trading.
(Updated on Jun 26, 2024)
The Kobe Electric Railway Co.,Ltd. stock price gained 0.255% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥2,746.00 to JP¥2,753.00. 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 0.91% from a day low at JP¥2,734.00 to a day high of JP¥2,759.00. The price has been going up and down for this period, and there has been a 0.51% gain for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 12 thousand shares were bought and sold for approximately JP¥33.86 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Kobe Electric Railway Co.,Ltd. stock with a 90% probability to be traded between JP¥2,618.54 and JP¥2,860.10 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9046.T Signals & Forecast
The Kobe Electric Railway Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,709.86 and JP¥2,751.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 3.77%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Kobe Electric Railway Co.,Ltd. stock
Kobe Electric Railway Co.,Ltd. finds support from accumulated volume at JP¥2,733.00 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¥25.00 between high and low, or 0.91%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: JP¥2,605.86 (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (9046.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Kobe Electric Railway Co.,Ltd. to open at JP¥2,748.67, and during the day (based on 14 day Average True Range), to move between JP¥2,720.24 and JP¥2,785.76, which gives a possible trading interval of +/-JP¥32.76 (+/-1.19%) up or down from last closing price. If Kobe Electric Railway Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.38% 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¥2,733.00 (0.73%) than the resistance at JP¥2,775.00 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kobe Electric Railway Co.,Ltd. stock A Buy?
Kobe Electric Railway Co.,Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.419 Hold/Accumulate Upgraded
Predicted Opening Price for Kobe Electric Railway Co.,Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥2,748.67 ( 0.157%) | JP¥2,753.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9046.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,773.67 | 0.751% |
| R2 | 2,764.12 | 0.404% |
| R1 | 2,758.22 | 0.189% |
| Price | 2,753.00 | |
| S1 | 2,739.12 | -0.504% |
| S2 | 2,733.22 | -0.719% |
| S3 | 2,723.67 | -1.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,932.00 | 6.50% |
| R2 | 2,800.00 | 1.71% |
| R1 | 2,775.00 | 0.799% |
| Price | 2,753.00 | |
| S1 | 2,733.00 | -0.726% |
| S2 | 2,729.00 | -0.87% |
| S3 | 2,700.00 | -1.93% |
9046 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 14, 2024 | JP¥10.00 | 0.364% |
FAQ
Click here for our free guide on how to buy Kobe Electric Railway Co.,Ltd. Stock.
