KITAZAWA SANGYO CO.,LTD. Stock Forecast
KITAZAWA SANGYO CO.,LTD. stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)
The KITAZAWA SANGYO CO.,LTD. stock price fell by -2.31% on the last day (Thursday, 2nd May 2024) from JP¥346.00 to JP¥338.00. During the last trading day the stock fluctuated 3.28% from a day low at JP¥335.00 to a day high of JP¥346.00. The price has been going up and down for this period, and there has been a 0.6% gain for the last 2 weeks. Volume has increased on the last day by 74 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, 109 thousand shares were bought and sold for approximately JP¥36.94 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥336.70 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.73% during the next 3 months and, with a 90% probability hold a price between JP¥366.09 and JP¥395.20 at the end of this 3-month period.
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9930.T Signals & Forecast
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 KITAZAWA SANGYO CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥350.57 and JP¥345.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -6.37%. Further fall is indicated until a new bottom pivot has been found. 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 KITAZAWA SANGYO CO.,LTD. stock
KITAZAWA SANGYO CO.,LTD. finds support from accumulated volume at JP¥337.00 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¥11.00 (3.28%) between high and low. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9930.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect KITAZAWA SANGYO CO.,LTD. to open at JP¥339.67, and during the day (based on 14 day Average True Range), to move between JP¥326.60 and JP¥349.40, which gives a possible trading interval of +/-JP¥11.40 (+/-3.37%) up or down from last closing price. If KITAZAWA SANGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.75% 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¥337.00 (0.30%) than the resistance at JP¥340.00 (0.59%), 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
KITAZAWA SANGYO CO.,LTD. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for KITAZAWA SANGYO CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.05% in the first trading day after earnings release.
Is KITAZAWA SANGYO CO.,LTD. stock A Buy?
The KITAZAWA SANGYO CO.,LTD. stock holds several negative signals and despite the positive trend, we believe KITAZAWA SANGYO CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.268 Sell Candidate Downgraded
Predicted Opening Price for KITAZAWA SANGYO CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥339.67 ( 0.493%) | JP¥338.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9930.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 350.67 | 3.75 % | |
| R2 | 346.46 | 2.50 % | ||
| R1 | 343.87 | 1.74 % | ||
| Current price: | 338.00 | |||
| Support | S1 | 335.46 | -0.750 % | |
| S2 | 332.87 | -1.52 % | ||
| S3 | 328.67 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 355.00 | 5.03 % | |
| R2 | 346.00 | 2.37 % | ||
| R1 | 340.00 | 0.592 % | ||
| Current price | 338.00 | |||
| Support | S1 | 337.00 | -0.296% | |
| S2 | 336.00 | -0.592% | ||
| S3 | 317.00 | -6.21% |
9930 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 1.64% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 2.12% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥5.00 | 1.85% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥5.00 | 1.75% |
FAQ
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