KU HOLDINGS CO.,LTD. Stock Forecast

KU HOLDINGS CO.,LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)

9856.T Signals & Forecast

The KU HOLDINGS 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¥1,187.43 and JP¥1,153.54. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -2.20%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, May 10, 2024 in the short-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 KU HOLDINGS CO.,LTD. stock

KU HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥1,192.00 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¥29.00 (2.47%) between high and low. For the last week, the stock has had daily average volatility of 1.81%.

Our recommended stop-loss: JP¥1,156.22 (-3.57%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (9856.T) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect KU HOLDINGS CO.,LTD. to open at JP¥1,192.67, and during the day (based on 14 day Average True Range), to move between JP¥1,177.67 and JP¥1,220.33, which gives a possible trading interval of +/-JP¥21.33 (+/-1.78%) up or down from last closing price. If KU HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.56% 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¥1,202.00 (0.25%) than the support at JP¥1,192.00 (0.58%), 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 KU HOLDINGS CO.,LTD. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for KU HOLDINGS CO.,LTD. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.483 Buy Candidate Upgraded

Predicted Opening Price for KU HOLDINGS CO.,LTD. of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.