KADOKAWA CORPORATION Stock Forecast
KADOKAWA CORPORATION stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)
The KADOKAWA CORPORATION stock price fell by -1.77% on the last day (Thursday, 2nd May 2024) from JP¥2,857.50 to JP¥2,807.00. During the last trading day the stock fluctuated 2.80% from a day low at JP¥2,788.00 to a day high of JP¥2,866.00. The price has been going up and down for this period, and there has been a 0.16% gain for the last 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 -148 thousand shares and in total, 250 thousand shares were bought and sold for approximately JP¥701.75 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.50% during the next 3 months and, with a 90% probability hold a price between JP¥2,244.42 and JP¥2,666.43 at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9468.T Signals & Forecast
The KADOKAWA CORPORATION stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥2,828.79. On a fall, the stock will find some support from the long-term average at approximately JP¥2,774.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 5.92%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 KADOKAWA CORPORATION stock
KADOKAWA CORPORATION finds support from accumulated volume at JP¥2,802.50 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¥78.00 between high and low, or 2.80%. For the last week the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9468.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect KADOKAWA CORPORATION to open at JP¥2,820.33, and during the day (based on 14 day Average True Range), to move between JP¥2,740.79 and JP¥2,873.21, which gives a possible trading interval of +/-JP¥66.21 (+/-2.36%) up or down from last closing price. If KADOKAWA CORPORATION takes out the full calculated possible swing range there will be an estimated 4.72% 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¥2,802.50 (0.16%) than the resistance at JP¥2,899.50 (3.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
KADOKAWA CORPORATION will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for KADOKAWA CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.35% in the first trading day after earnings release.
Is KADOKAWA CORPORATION stock A Buy?
KADOKAWA CORPORATION holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.157 Sell Candidate Downgraded
Predicted Opening Price for KADOKAWA CORPORATION of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,820.33 ( 0.475%) | JP¥2,807.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9468.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,898.33 | 3.25 % | |
| R2 | 2,868.54 | 2.19 % | ||
| R1 | 2,850.13 | 1.54 % | ||
| Current price: | 2,807.00 | |||
| Support | S1 | 2,790.54 | -0.586 % | |
| S2 | 2,772.13 | -1.24 % | ||
| S3 | 2,742.33 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,323.00 | 18.38 % | |
| R2 | 3,200.00 | 14.00 % | ||
| R1 | 2,899.50 | 3.30 % | ||
| Current price | 2,807.00 | |||
| Support | S1 | 2,802.50 | -0.160% | |
| S2 | 2,754.00 | -1.89% | ||
| S3 | 2,650.00 | -5.59% |
9468 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 1.10% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.154% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥5.00 | 0.231% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥15.00 | 2.19% |
FAQ
Click here for our free guide on how to buy KADOKAWA CORPORATION Stock.
