Kanda Holdings Co.,Ltd Stock Forecast
Red day on Thursday for Kanda Holdings Co.,Ltd
(Updated on May 02, 2024)
The Kanda Holdings Co.,Ltd stock price fell by -0.223% on the last day (Thursday, 2nd May 2024) from JP¥897.00 to JP¥895.00. During the last trading day the stock fluctuated 1.02% from a day low at JP¥886.00 to a day high of JP¥895.00. The price has risen in 6 of the last 10 days and is up by 4.31% over the past 2 weeks. 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 -700 shares and in total, 3 thousand shares were bought and sold for approximately JP¥3.04 million.
The stock lies in the middle of a narrow 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 9.71% during the next 3 months and, with a 90% probability hold a price between JP¥952.11 and JP¥991.85 at the end of this 3-month period.
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9059.T Signals & Forecast
The Kanda Holdings Co.,Ltd 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¥888.00 and JP¥858.37. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, April 26, 2024, and so far it has fallen -0.556%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, November 22, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, November 22, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Kanda Holdings Co.,Ltd stock
Kanda Holdings Co.,Ltd finds support from accumulated volume at JP¥856.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥9.00 (1.02%) between high and low. For the last week, the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: JP¥862.16 (-3.67%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (9059.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Kanda Holdings Co.,Ltd to open at JP¥892.00, and during the day (based on 14 day Average True Range), to move between JP¥883.95 and JP¥906.05, which gives a possible trading interval of +/-JP¥11.05 (+/-1.23%) up or down from last closing price. If Kanda Holdings Co.,Ltd takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥897.00 (0.22%) than the support at JP¥856.00 (4.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Kanda Holdings Co.,Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kanda Holdings Co.,Ltd stock to perform well in the short-term.
Current score: 3.344 Buy Candidate Unchanged
Predicted Opening Price for Kanda Holdings Co.,Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥892.00 ( 0.335%) | JP¥895.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9059.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 901.00 | 0.670 % | |
| R2 | 897.56 | 0.286 % | ||
| R1 | 895.44 | 0.0489 % | ||
| Current price: | 895.00 | |||
| Support | S1 | 888.56 | -0.719 % | |
| S2 | 886.44 | -0.96 % | ||
| S3 | 883.00 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 900.00 | 0.559 % | ||
| R1 | 897.00 | 0.223 % | ||
| Current price | 895.00 | |||
| Support | S1 | 856.00 | -4.36% | |
| S2 | 848.00 | -5.25% | ||
| S3 | 814.00 | -9.05% |
9059 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¥1.00 | 0.131% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥17.00 | 2.93% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥17.00 | 3.21% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥16.00 | 2.90% |
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