Kanda Holdings Co.,Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Kanda Holdings Co.,Ltd stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Kanda Holdings Co.,Ltd stock price gained 0.92% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥874.00 to JP¥882.00. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.86% from a day low at JP¥875.00 to a day high of JP¥900.00. The price has risen in 8 of the last 10 days and is up by 3.16% 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, 10 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately JP¥11.55 million.
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 Kanda Holdings Co.,Ltd stock with a 90% probability to be traded between JP¥854.25 and JP¥913.03 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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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, 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¥866.71 and JP¥870.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 4.13%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
A buy signal from a double bottom formation was found on Monday, June 17, 2024 and based on theory for this formation the price should go up by 3.15% to JP¥909.74 within 23 trading days since signal was issued (Friday, July 19, 2024).
Support, Risk & Stop-loss for Kanda Holdings Co.,Ltd stock
Kanda Holdings Co.,Ltd finds support from accumulated volume at JP¥849.00 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 2.86%. For the last week the stock has had daily average volatility of 1.38%.
Since the Kanda Holdings Co.,Ltd has been rising for 7 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: JP¥830.74 (-5.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (9059.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Kanda Holdings Co.,Ltd to open at JP¥885.67, and during the day (based on 14 day Average True Range), to move between JP¥868.04 and JP¥895.96, which gives a possible trading interval of +/-JP¥13.96 (+/-1.58%) 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 3.16% 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¥885.00 (0.34%) than the support at JP¥849.00 (3.74%), 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?
Kanda Holdings 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: -0.014 Hold/Accumulate Upgraded
Predicted Opening Price for Kanda Holdings Co.,Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥885.67 ( 0.416%) | JP¥882.00 |
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 | |
|---|---|---|
| R3 | 910.67 | 3.25% |
| R2 | 901.12 | 2.17% |
| R1 | 895.22 | 1.50% |
| Price | 882.00 | |
| S1 | 876.12 | -0.667% |
| S2 | 870.22 | -1.34% |
| S3 | 860.67 | -2.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 900.00 | 2.04% |
| R2 | 899.00 | 1.93% |
| R1 | 885.00 | 0.340% |
| Price | 882.00 | |
| S1 | 849.00 | -3.74% |
| S2 | 847.00 | -3.97% |
| S3 | 844.00 | -4.31% |
9059 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥9.50 | 1.09% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥1.00 | 0.131% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥17.00 | 2.93% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥17.00 | 3.21% |
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