Kyushu Railway Company Stock Forecast
Stronger technical forecast for Kyushu Railway Company stock price after Wednesday trading.
(Updated on May 15, 2024)
The Kyushu Railway Company stock price fell by -0.451% on the last day (Wednesday, 15th May 2024) from JP¥3,324.00 to JP¥3,309.00. During the last trading day the stock fluctuated 1.12% from a day low at JP¥3,297.00 to a day high of JP¥3,334.00. The price has been going up and down for this period, and there has been a -3.7% loss for the last 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 555 thousand shares were bought and sold for approximately JP¥1.84 billion.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥3,305.38 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Kyushu Railway Company stock with a 90% probability to be traded between JP¥3,241.45 and JP¥3,483.35 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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9142.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kyushu Railway Company 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¥3,348.00 and JP¥3,461.60. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kyushu Railway Company stock
Kyushu Railway Company finds support from accumulated volume at JP¥3,306.00 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¥37.00 (1.12%) between high and low. For the last week, the stock has had daily average volatility of 1.93%.
Kyushu Railway Company 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¥3,123.03 (-5.62%) (This stock has low daily movements and this gives low risk. Low RSI14 is 19 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (9142.T) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Kyushu Railway Company to open at JP¥3,313.33, and during the day (based on 14 day Average True Range), to move between JP¥3,252.25 and JP¥3,365.75, which gives a possible trading interval of +/-JP¥56.75 (+/-1.71%) up or down from last closing price. If Kyushu Railway Company takes out the full calculated possible swing range there will be an estimated 3.43% 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¥3,306.00 (0.09%) than the resistance at JP¥3,436.00 (3.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kyushu Railway Company stock A Buy?
Kyushu Railway Company 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: -0.642 Hold/Accumulate Upgraded
Predicted Opening Price for Kyushu Railway Company of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| JP¥3,313.33 ( 0.131%) | JP¥3,309.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9142.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,350.33 | 1.25 % | |
| R2 | 3,336.20 | 0.82 % | ||
| R1 | 3,327.47 | 0.558 % | ||
| Current price: | 3,309.00 | |||
| Support | S1 | 3,299.20 | -0.296 % | |
| S2 | 3,290.47 | -0.560 % | ||
| S3 | 3,276.33 | -0.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,573.00 | 7.98 % | |
| R2 | 3,448.00 | 4.20 % | ||
| R1 | 3,436.00 | 3.84 % | ||
| Current price | 3,309.00 | |||
| Support | S1 | 3,306.00 | -0.0907% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
9142 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 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥93.00 | 3.15% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥93.00 | 3.66% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥93.00 | 3.50% |
FAQ
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