KOA SHOJI HOLDINGS CO.,LTD. Stock Forecast
KOA SHOJI HOLDINGS CO.,LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on May 07, 2024)
The KOA SHOJI HOLDINGS CO.,LTD. stock price gained 1.07% on the last trading day (Tuesday, 7th May 2024), rising from JP¥842.00 to JP¥851.00. During the last trading day the stock fluctuated 1.30% from a day low at JP¥844.00 to a day high of JP¥855.00. The price has risen in 7 of the last 10 days and is up by 2.28% 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, 73 thousand more shares were traded than the day before. In total, 124 thousand shares were bought and sold for approximately JP¥105.18 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥832.82 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.45% during the next 3 months and, with a 90% probability hold a price between JP¥1,003.10 and JP¥1,145.40 at the end of this 3-month period.
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9273.T Signals & Forecast
The KOA SHOJI 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¥836.86 and JP¥840.29. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -3.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KOA SHOJI HOLDINGS CO.,LTD. stock
KOA SHOJI HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥842.00 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¥11.00 between high and low, or 1.30%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: JP¥815.00 (-4.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (9273.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect KOA SHOJI HOLDINGS CO.,LTD. to open at JP¥850.00, and during the day (based on 14 day Average True Range), to move between JP¥835.26 and JP¥866.74, which gives a possible trading interval of +/-JP¥15.74 (+/-1.85%) up or down from last closing price. If KOA SHOJI HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.70% 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¥860.00 (1.06%) than the support at JP¥842.00 (1.06%), 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.
Earnings coming up
KOA SHOJI HOLDINGS CO.,LTD. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for KOA SHOJI HOLDINGS CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.18% in the first trading day after earnings release.
Is KOA SHOJI 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 KOA SHOJI HOLDINGS CO.,LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.511 Buy Candidate Upgraded
Predicted Opening Price for KOA SHOJI HOLDINGS CO.,LTD. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥850.00 ( 0.118%) | JP¥851.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9273.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 861.00 | 1.18 % | |
| R2 | 856.80 | 0.681 % | ||
| R1 | 854.20 | 0.376 % | ||
| Current price: | 851.00 | |||
| Support | S1 | 845.80 | -0.611 % | |
| S2 | 843.20 | -0.92 % | ||
| S3 | 839.00 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 883.00 | 3.76 % | |
| R2 | 862.00 | 1.29 % | ||
| R1 | 860.00 | 1.06 % | ||
| Current price | 851.00 | |||
| Support | S1 | 842.00 | -1.06% | |
| S2 | 839.00 | -1.41% | ||
| S3 | 817.00 | -4.00% |
9273 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥13.00 | 1.53% |
| 2 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥11.00 | 1.54% |
| 3 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | JP¥17.00 | 2.45% |
| 4 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | JP¥8.50 | 1.76% |
| 5 | Jun 26, 2019 | Jun 26, 2019 | Jun 26, 2019 | JP¥6.00 | 2.82% |
FAQ
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