KNT-CT Holdings Co.,Ltd. Stock Forecast
KNT-CT Holdings Co.,Ltd. stock price down 0.158% on Thursday
(Updated on May 02, 2024)
The KNT-CT Holdings Co.,Ltd. stock price fell by -0.158% on the last day (Thursday, 2nd May 2024) from JP¥1,262.00 to JP¥1,260.00. During the last trading day the stock fluctuated 0.96% from a day low at JP¥1,256.00 to a day high of JP¥1,268.00. The price has risen in 6 of the last 10 days and is up by 3.11% over the past 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 thousand shares were bought and sold for approximately JP¥14.11 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.48% during the next 3 months and, with a 90% probability hold a price between JP¥1,237.06 and JP¥1,445.64 at the end of this 3-month period.
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9726.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.70%. 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. The KNT-CT Holdings 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¥1,289.51. On a fall, the stock will find some support from the short-term average at JP¥1,258.29. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KNT-CT Holdings Co.,Ltd. stock
KNT-CT Holdings Co.,Ltd. finds support from accumulated volume at JP¥1,252.00 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¥12.00 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: JP¥1,208.70 (-4.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (9726.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect KNT-CT Holdings Co.,Ltd. to open at JP¥1,261.33, and during the day (based on 14 day Average True Range), to move between JP¥1,234.99 and JP¥1,285.01, which gives a possible trading interval of +/-JP¥25.01 (+/-1.99%) up or down from last closing price. If KNT-CT Holdings Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.97% 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¥1,252.00 (0.63%) than the resistance at JP¥1,270.00 (0.79%), 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
KNT-CT Holdings Co.,Ltd. will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for KNT-CT Holdings Co.,Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.10% in the first trading day after earnings release.
Is KNT-CT Holdings Co.,Ltd. stock A Buy?
KNT-CT Holdings Co.,Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.589 Hold/Accumulate Unchanged
Predicted Opening Price for KNT-CT Holdings Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,261.33 ( 0.106%) | JP¥1,260.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9726.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,273.33 | 1.06 % | |
| R2 | 1,268.75 | 0.694 % | ||
| R1 | 1,265.92 | 0.470 % | ||
| Current price: | 1,260.00 | |||
| Support | S1 | 1,256.75 | -0.258 % | |
| S2 | 1,253.92 | -0.483 % | ||
| S3 | 1,249.33 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,370.00 | 8.73 % | |
| R2 | 1,350.00 | 7.14 % | ||
| R1 | 1,270.00 | 0.794 % | ||
| Current price | 1,260.00 | |||
| Support | S1 | 1,252.00 | -0.635% | |
| S2 | 1,223.00 | -2.94% | ||
| S3 | 1,205.00 | -4.37% |
FAQ
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