KYORITSU MAINTENANCE CO.,LTD. Stock Forecast
Weaker technical forecast for KYORITSU MAINTENANCE CO.,LTD. as stock downgraded to Sell Candidate.
(Updated on May 02, 2024)
The KYORITSU MAINTENANCE CO.,LTD. stock price gained 0.239% on the last trading day (Thursday, 2nd May 2024), rising from JP¥3,350.00 to JP¥3,358.00. During the last trading day the stock fluctuated 1.41% from a day low at JP¥3,339.00 to a day high of JP¥3,386.00. The price has been going up and down for this period, and there has been a 2.07% gain for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 239 thousand shares were bought and sold for approximately JP¥803.91 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,965.92 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -43.69% during the next 3 months and, with a 90% probability hold a price between JP¥1,670.11 and JP¥2,998.21 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.
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9616.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.45%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KYORITSU MAINTENANCE CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥4,346.77. On a fall, the stock will find some support from the short-term average at JP¥3,330.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for KYORITSU MAINTENANCE CO.,LTD. stock
KYORITSU MAINTENANCE CO.,LTD. finds support from accumulated volume at JP¥3,324.00 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¥47.00 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9616.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect KYORITSU MAINTENANCE CO.,LTD. to open at JP¥3,361.00, and during the day (based on 14 day Average True Range), to move between JP¥3,225.92 and JP¥3,490.08, which gives a possible trading interval of +/-JP¥132.08 (+/-3.93%) up or down from last closing price. If KYORITSU MAINTENANCE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.87% 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¥3,372.00 (0.42%) than the support at JP¥3,324.00 (1.01%), 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 KYORITSU MAINTENANCE CO.,LTD. stock A Buy?
KYORITSU MAINTENANCE CO.,LTD. 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 Hold/Accumulate to a Sell candidate.
Current score: -1.777 Sell Candidate Downgraded
Predicted Opening Price for KYORITSU MAINTENANCE CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥3,361.00 ( 0.0893%) | JP¥3,358.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9616.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,408.00 | 1.49 % | |
| R2 | 3,390.05 | 0.95 % | ||
| R1 | 3,378.95 | 0.624 % | ||
| Current price: | 3,358.00 | |||
| Support | S1 | 3,343.05 | -0.445 % | |
| S2 | 3,331.95 | -0.776 % | ||
| S3 | 3,314.00 | -1.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,421.00 | 1.88 % | |
| R2 | 3,373.00 | 0.447 % | ||
| R1 | 3,372.00 | 0.417 % | ||
| Current price | 3,358.00 | |||
| Support | S1 | 3,324.00 | -1.01% | |
| S2 | 3,311.00 | -1.40% | ||
| S3 | 3,246.00 | -3.34% |
9616 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¥16.00 | 0.523% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥12.00 | 0.449% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0.327% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.413% |
FAQ
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