The Kansai Electric Power Stock Forecast
The Kansai Electric Power stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The The Kansai Electric Power stock price gained 1.56% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥2,685.00 to JP¥2,727.00. During the last trading day the stock fluctuated 2.18% from a day low at JP¥2,700.50 to a day high of JP¥2,759.50. The price has risen in 6 of the last 10 days but is still down by -0.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 853 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately JP¥8.80 billion.
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¥2,695.04 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 24.93% during the next 3 months and, with a 90% probability hold a price between JP¥3,366.84 and JP¥3,833.62 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9503.T Signals & Forecast
The The Kansai Electric Power stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥2,709.21 and JP¥2,702.47. 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 Thursday, June 06, 2024, and so far it has fallen -5.57%. 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 The Kansai Electric Power stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,510.00 and JP¥2,411.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The Kansai Electric Power finds support just below today's level at JP¥2,510.00. If this is broken, then the next support from accumulated volume will be at JP¥2,411.00 and JP¥2,391.00.
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¥59.00 between high and low, or 2.18%. For the last week the stock has had daily average volatility of 2.49%.
Our recommended stop-loss: JP¥2,558.47 (-6.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (9503.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect The Kansai Electric Power Company,Incorporated to open at JP¥2,729.00, and during the day (based on 14 day Average True Range), to move between JP¥2,652.33 and JP¥2,801.67, which gives a possible trading interval of +/-JP¥74.67 (+/-2.74%) up or down from last closing price. If The Kansai Electric Power Company,Incorporated takes out the full calculated possible swing range there will be an estimated 5.48% 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¥2,747.00 (0.73%) than the support at JP¥2,510.00 (7.96%), 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.
Is The Kansai Electric Power Company,Incorporated 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 The Kansai Electric Power 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: 4.239 Buy Candidate Upgraded
Predicted Opening Price for The Kansai Electric Power Company,Incorporated of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥2,729.00 ( 0.0733%) | JP¥2,727.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9503.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,788.00 | 2.24% |
| R2 | 2,765.46 | 1.41% |
| R1 | 2,751.54 | 0.90% |
| Price | 2,727.00 | |
| S1 | 2,706.46 | -0.753% |
| S2 | 2,692.54 | -1.26% |
| S3 | 2,670.00 | -2.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,877.50 | 5.52% |
| R2 | 2,837.00 | 4.03% |
| R1 | 2,747.00 | 0.733% |
| Price | 2,727.00 | |
| S1 | 2,510.00 | -7.96% |
| S2 | 2,411.00 | -11.59% |
| S3 | 2,391.00 | -12.32% |
9503 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 | Jun 27, 2024 | JP¥25.00 | 0.91% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥25.00 | 1.15% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 1.94% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 1.99% |
FAQ
Click here for our free guide on how to buy The Kansai Electric Power Company,Incorporated Stock.
