Kamigumi Co.,Ltd. Stock Forecast
Kamigumi Co.,Ltd. stock price ended at JP¥3,317.00 on Wednesday, after losing 0.390%.
(Updated on May 08, 2024)
The Kamigumi Co.,Ltd. stock price fell by -0.390% on the last day (Wednesday, 8th May 2024) from JP¥3,330.00 to JP¥3,317.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.43% from a day low at JP¥3,292.00 to a day high of JP¥3,372.00. The price has fallen in 6 of the last 10 days but is still up by 1.22% 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 -42 thousand shares and in total, 157 thousand shares were bought and sold for approximately JP¥521.10 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 Kamigumi Co.,Ltd. stock with a 90% probability to be traded between JP¥3,167.96 and JP¥3,385.36 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9364.T Signals & Forecast
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. The Kamigumi Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥3,377.14 and JP¥3,346.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -3.29%. 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.
Support, Risk & Stop-loss for Kamigumi Co.,Ltd. stock
Kamigumi Co.,Ltd. finds support from accumulated volume at JP¥3,284.00 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¥80.00 between high and low, or 2.43%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9364.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Kamigumi Co.,Ltd. to open at JP¥3,327.00, and during the day (based on 14 day Average True Range), to move between JP¥3,252.11 and JP¥3,381.89, which gives a possible trading interval of +/-JP¥64.89 (+/-1.96%) up or down from last closing price. If Kamigumi Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.91% 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¥3,330.00 (0.39%) than the support at JP¥3,284.00 (0.99%), 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
Kamigumi Co.,Ltd. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Kamigumi Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.36% in the first trading day after earnings release.
Is Kamigumi Co.,Ltd. stock A Buy?
Kamigumi Co.,Ltd. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.948 Sell Candidate Unchanged
Predicted Opening Price for Kamigumi Co.,Ltd. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥3,327.00 ( 0.301%) | JP¥3,317.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9364.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,407.00 | 2.71 % | |
| R2 | 3,376.44 | 1.79 % | ||
| R1 | 3,357.56 | 1.22 % | ||
| Current price: | 3,317.00 | |||
| Support | S1 | 3,296.44 | -0.620 % | |
| S2 | 3,277.56 | -1.19 % | ||
| S3 | 3,247.00 | -2.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,423.00 | 3.20 % | |
| R2 | 3,389.00 | 2.17 % | ||
| R1 | 3,330.00 | 0.392 % | ||
| Current price | 3,317.00 | |||
| Support | S1 | 3,284.00 | -0.99% | |
| S2 | 3,283.00 | -1.03% | ||
| S3 | 3,258.00 | -1.78% |
9364 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¥45.00 | 1.47% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 1.82% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 1.48% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥46.00 | 2.06% |
FAQ
Click here for our free guide on how to buy Kamigumi Co.,Ltd. Stock.
