Kawasaki Kisen Kaisha,Ltd. Stock Forecast
Strong day for Kawasaki Kisen Kaisha,Ltd. stock price on Friday rising 6.21% to JP¥2,292.00
(Updated on May 10, 2024)
The Kawasaki Kisen Kaisha,Ltd. stock price gained 6.21% on the last trading day (Friday, 10th May 2024), rising from JP¥2,158.00 to JP¥2,292.00. During the last trading day the stock fluctuated 6.06% from a day low at JP¥2,185.00 to a day high of JP¥2,317.50. The price has risen in 6 of the last 10 days and is up by 11.42% 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, 7 million more shares were traded than the day before. In total, 29 million shares were bought and sold for approximately JP¥67.20 billion.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥2,750.73 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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9107.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 17.30%. 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 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. The Kawasaki Kisen Kaisha,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,798.59. On a fall, the stock will find some support from the short-term average at JP¥2,184.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Kawasaki Kisen Kaisha,Ltd. stock
Kawasaki Kisen Kaisha,Ltd. finds support from accumulated volume at JP¥2,211.00 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¥132.50 between high and low, or 6.06%. For the last week, the stock has had daily average volatility of 4.46%.
Our recommended stop-loss: JP¥2,202.84 (-3.89%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (9107.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Kawasaki Kisen Kaisha,Ltd. to open at JP¥2,264.83, and during the day (based on 14 day Average True Range), to move between JP¥2,149.70 and JP¥2,434.30, which gives a possible trading interval of +/-JP¥142.30 (+/-6.21%) up or down from last closing price. If Kawasaki Kisen Kaisha,Ltd. takes out the full calculated possible swing range there will be an estimated 12.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,211.00, some JP¥81.00 (3.53%) from the current price of JP¥2,292.00, our system finds the risk reward attractive.
Is Kawasaki Kisen Kaisha,Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.440 Buy Candidate Upgraded
Predicted Opening Price for Kawasaki Kisen Kaisha,Ltd. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥2,264.83 ( 1.19%) | JP¥2,292.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9107.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,397.33 | 4.60 % | |
| R2 | 2,346.72 | 2.39 % | ||
| R1 | 2,315.45 | 1.02 % | ||
| Current price: | 2,292.00 | |||
| Support | S1 | 2,214.22 | -3.39 % | |
| S2 | 2,182.95 | -4.76 % | ||
| S3 | 2,132.33 | -6.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2,292.00 | |||
| Support | S1 | 2,211.00 | -3.53% | |
| S2 | 2,194.50 | -4.25% | ||
| S3 | 2,042.50 | -10.89% |
9107 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥100.00 | 5.61% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥300.00 | 27.40% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥100.00 | 14.44% |
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