Kao Corporation Stock Forecast
Kao Corporation stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)
The Kao Corporation stock price fell by -0.666% on the last day (Thursday, 28th Mar 2024) from $7.51 to $7.46. During the last trading day the stock fluctuated 0.95% from a day low at $7.39 to a day high of $7.46. The price has been going up and down for this period, and there has been a -0.4% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -106 thousand shares and in total, 40 thousand shares were bought and sold for approximately $302.03 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.69% during the next 3 months and, with a 90% probability hold a price between $6.33 and $6.97 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KAOOY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, February 15, 2024, and so far it has risen 2.47%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kao Corporation 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 $7.49. On a fall, the stock will find some support from the short-term average at $7.42. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Kao Corporation stock
Kao Corporation finds support from accumulated volume at $7.39 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0700 between high and low, or 0.95%. For the last week the stock has had daily average volatility of 0.99%
Our recommended stop-loss: $7.04 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (KAOOY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kao Corporation to open at $7.44, and during the day (based on 14 day Average True Range), to move between $7.33 and $7.59, which gives a possible trading interval of +/-$0.128 (+/-1.72%) up or down from last closing price. If Kao Corporation takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.49 (0.40%) than the support at $7.39 (0.94%), 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 Kao Corporation stock A Buy?
Kao Corporation 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. 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 Hold/Accumulate candidate.
Current score: -0.565 Hold/Accumulate Downgraded
Predicted Opening Price for Kao Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$7.44 ( 0.313%) | $7.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAOOY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.51 | 0.626 % | |
R2 | 7.48 | 0.267 % | ||
R1 | 7.46 | 0.0457 % | ||
Current price: | 7.46 | |||
Support | S1 | 7.41 | -0.671 % | |
S2 | 7.39 | -0.89 % | ||
S3 | 7.37 | -1.25 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.58 | 1.61 % | |
R2 | 7.51 | 0.670 % | ||
R1 | 7.49 | 0.402 % | ||
Current price | 7.46 | |||
Support | S1 | 7.39 | -0.94% | |
S2 | 7.35 | -1.47% | ||
S3 | 7.28 | -2.41% |
KAOOY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | $0.0837 | 1.10% |
2 | Dec 29, 2022 | Dec 29, 2022 | Apr 11, 2023 | $0.0710 | 0.91% |
3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | $0.117 | 1.46% |
4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | $0.117 | 1.11% |
5 | Dec 26, 2013 | Dec 26, 2013 | Dec 26, 2013 | $0.313 | 1.01% |
FAQ
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