KSK CO.,LTD Stock Forecast
KSK CO.,LTD stock downgraded to Sell Candidate
(Updated on May 31, 2024)
The KSK CO.,LTD stock price gained 0.583% on the last trading day (Friday, 31st May 2024), rising from JP¥3,430.00 to JP¥3,450.00. During the last trading day the stock fluctuated 1.91% from a day low at JP¥3,410.00 to a day high of JP¥3,475.00. The price has fallen in 7 of the last 10 days and is down by -3.77% for this period. Volume fell on the last day by -400 shares and in total, 600 shares were bought and sold for approximately JP¥2.07 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 middle of a very 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 -24.89% during the next 3 months and, with a 90% probability hold a price between JP¥2,100.78 and JP¥2,960.61 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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9687.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.92%. Further rise is indicated until a new top pivot has been found. 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 KSK CO.,LTD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥3,473.57 and JP¥3,528.43. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KSK CO.,LTD stock
KSK CO.,LTD finds support from accumulated volume at JP¥3,430.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥65.00 (1.91%) between high and low. For the last week, the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9687.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect KSK CO.,LTD to open at JP¥3,445.00, and during the day (based on 14 day Average True Range), to move between JP¥3,364.65 and JP¥3,535.35, which gives a possible trading interval of +/-JP¥85.35 (+/-2.47%) up or down from last closing price. If KSK CO.,LTD takes out the full calculated possible swing range there will be an estimated 4.95% 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¥3,430.00 (0.58%) than the resistance at JP¥3,585.00 (3.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KSK CO.,LTD stock A Buy?
KSK CO.,LTD holds several negative signals and is within a very wide and 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. 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: -1.241 Sell Candidate Downgraded
Predicted Opening Price for KSK CO.,LTD of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥3,445.00 ( 0.145%) | JP¥3,450.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9687.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,510.00 | 1.74 % | |
| R2 | 3,485.17 | 1.02 % | ||
| R1 | 3,469.83 | 0.575 % | ||
| Current price: | 3,450.00 | |||
| Support | S1 | 3,420.17 | -0.86 % | |
| S2 | 3,404.83 | -1.31 % | ||
| S3 | 3,380.00 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,065.00 | 17.83 % | |
| R2 | 3,890.00 | 12.75 % | ||
| R1 | 3,585.00 | 3.91 % | ||
| Current price | 3,450.00 | |||
| Support | S1 | 3,430.00 | -0.580% | |
| S2 | 3,425.00 | -0.725% | ||
| S3 | 3,385.00 | -1.88% |
9687 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥80.00 | 3.56% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥77.00 | 3.46% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥77.00 | 3.25% |
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