GOURMET KINEYA CO.,LTD. Stock Forecast
Stronger technical forecast for GOURMET KINEYA CO.,LTD. stock price after Friday trading.
(Updated on Jun 28, 2024)
The GOURMET KINEYA CO.,LTD. stock price gained 0.0898% on the last trading day (Friday, 28th Jun 2024), rising from JP¥1,113.00 to JP¥1,114.00. During the last trading day the stock fluctuated 1.08% from a day low at JP¥1,106.00 to a day high of JP¥1,118.00. The price has risen in 6 of the last 10 days and is up by 0.63% over the past 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 41 thousand shares were bought and sold for approximately JP¥45.67 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 upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥1,119.07 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.05% during the next 3 months and, with a 90% probability hold a price between JP¥1,110.98 and JP¥1,153.19 at the end of this 3-month period.
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9850.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -0.358%. 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). 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¥1,111.00 and JP¥1,097.86. A breakdown below any of these levels will issue sell signals. 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. 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¥1,113.00 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 1.08%. For the last week the stock has had daily average volatility of 0.81%.
Our recommended stop-loss: JP¥1,073.75 (-3.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (9850.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect GOURMET KINEYA CO.,LTD. to open at JP¥1,112.67, and during the day (based on 14 day Average True Range), to move between JP¥1,103.59 and JP¥1,124.41, which gives a possible trading interval of +/-JP¥10.41 (+/-0.93%) 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.
Since the stock is closer to the support from accumulated volume at JP¥1,113.00 (0.09%) than the resistance at JP¥1,118.00 (0.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.695 Buy Candidate Upgraded
Predicted Opening Price for GOURMET KINEYA CO.,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥1,112.67 ( 0.120%) | JP¥1,114.00 |
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 | 1,124.67 | 0.96% |
| R2 | 1,120.08 | 0.546% |
| R1 | 1,117.25 | 0.292% |
| Price | 1,114.00 | |
| S1 | 1,108.08 | -0.531% |
| S2 | 1,105.25 | -0.785% |
| S3 | 1,100.67 | -1.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 1,118.00 | 0.359% |
| Price | 1,114.00 | |
| S1 | 1,113.00 | -0.0898% |
| S2 | 1,085.00 | -2.60% |
| S3 | 1,079.00 | -3.14% |
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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