GOURMET KINEYA CO.,LTD. Stock Forecast
Green day on Wednesday for GOURMET KINEYA CO.,LTD.
(Updated on Jun 26, 2024)
The GOURMET KINEYA CO.,LTD. stock price gained 0.449% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥1,113.00 to JP¥1,118.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.630% from a day low at JP¥1,111.00 to a day high of JP¥1,118.00. The price has risen in 6 of the last 10 days and is up by 1.54% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 30 thousand shares were bought and sold for approximately JP¥33.88 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 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 2.32% during the next 3 months and, with a 90% probability hold a price between JP¥1,096.58 and JP¥1,160.08 at the end of this 3-month period.
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9850.T Signals & Forecast
The GOURMET KINEYA CO.,LTD. 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¥1,110.71 and JP¥1,095.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.17%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, January 30, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, January 30, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for GOURMET KINEYA CO.,LTD. stock
GOURMET KINEYA CO.,LTD. finds support from accumulated volume at JP¥1,108.00 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¥7.00 between high and low, or 0.630%. For the last week the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: JP¥1,080.66 (-3.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 67 days ago.)
Trading Expectations (9850.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect GOURMET KINEYA CO.,LTD. to open at JP¥1,115.67, and during the day (based on 14 day Average True Range), to move between JP¥1,107.53 and JP¥1,128.47, which gives a possible trading interval of +/-JP¥10.47 (+/-0.94%) up or down from last closing price. If GOURMET KINEYA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,108.00, some JP¥10.00 (0.89%) from the current price of JP¥1,118.00, our system finds the risk reward attractive.
Is GOURMET KINEYA CO.,LTD. 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 GOURMET KINEYA CO.,LTD. stock to perform well in the short-term.
Current score: 3.008 Buy Candidate Unchanged
Predicted Opening Price for GOURMET KINEYA CO.,LTD. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥1,115.67 ( 0.209%) | JP¥1,118.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9850.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,122.67 | 0.417% |
| R2 | 1,119.99 | 0.178% |
| R1 | 1,118.34 | 0.0305% |
| Price | 1,118.00 | |
| S1 | 1,112.99 | -0.448% |
| S2 | 1,111.34 | -0.596% |
| S3 | 1,108.67 | -0.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,118.00 | |
| S1 | 1,108.00 | -0.89% |
| S2 | 1,101.00 | -1.52% |
| S3 | 1,079.00 | -3.49% |
9850 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 | Jun 26, 2024 | JP¥6.00 | 0.537% |
| 3 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥12.00 | 1.25% |
| 4 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥12.00 | 1.01% |
| 5 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥15.00 | 1.32% |
FAQ
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