KITAKEI CO.,LTD. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Wednesday for KITAKEI CO.,LTD.
(Updated on May 22, 2024)
The KITAKEI CO.,LTD. stock price gained 0.350% on the last trading day (Wednesday, 22nd May 2024), rising from JP¥858.00 to JP¥861.00. 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 0.701% from a day low at JP¥856.00 to a day high of JP¥862.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately JP¥10.59 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KITAKEI CO.,LTD. stock with a 90% probability to be traded between JP¥833.92 and JP¥888.97 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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9872.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.77%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KITAKEI 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¥867.60. On a fall, the stock will find some support from the short-term average at JP¥856.00. 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. The stock had a Golden Star Signal on Thursday, March 14, 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.
Golden Star
The stock had a Golden Star Signal on Thursday, March 14, 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 KITAKEI CO.,LTD. stock
KITAKEI CO.,LTD. finds support from accumulated volume at JP¥860.00 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¥6.00 between high and low, or 0.701%. For the last week the stock has had daily average volatility of 0.94%.
Our recommended stop-loss: JP¥813.96 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (9872.T) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect KITAKEI CO.,LTD. to open at JP¥859.67, and during the day (based on 14 day Average True Range), to move between JP¥850.63 and JP¥871.37, which gives a possible trading interval of +/-JP¥10.37 (+/-1.20%) up or down from last closing price. If KITAKEI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.41% 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¥860.00 (0.12%) than the resistance at JP¥877.00 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KITAKEI CO.,LTD. stock A Buy?
KITAKEI 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: -0.161 Hold/Accumulate Unchanged
Predicted Opening Price for KITAKEI CO.,LTD. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| JP¥859.67 ( 0.155%) | JP¥861.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9872.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 865.67 | 0.542 % | |
| R2 | 863.37 | 0.276 % | ||
| R1 | 861.96 | 0.111 % | ||
| Current price: | 861.00 | |||
| Support | S1 | 857.37 | -0.421 % | |
| S2 | 855.96 | -0.586 % | ||
| S3 | 853.67 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 894.00 | 3.83 % | |
| R2 | 884.00 | 2.67 % | ||
| R1 | 877.00 | 1.86 % | ||
| Current price | 861.00 | |||
| Support | S1 | 860.00 | -0.116% | |
| S2 | 857.00 | -0.465% | ||
| S3 | 846.00 | -1.74% |
9872 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 19, 2024 | Nov 19, 2024 | Nov 19, 2024 | JP¥0 | 0% |
| 2 | Nov 17, 2023 | Nov 17, 2023 | Nov 17, 2023 | JP¥0 | 0% |
| 3 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | JP¥24.00 | 3.35% |
| 4 | Nov 18, 2021 | Nov 18, 2021 | Nov 18, 2021 | JP¥24.00 | 2.57% |
| 5 | Nov 19, 2020 | Nov 19, 2020 | Nov 19, 2020 | JP¥25.00 | 2.66% |
FAQ
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