Komatsu Ltd Stock Forecast
Komatsu Ltd stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The Komatsu Ltd stock price gained 2.27% on the last trading day (Friday, 26th Apr 2024), rising from $27.36 to $27.98. During the last trading day the stock fluctuated 3.51% from a day low at $27.65 to a day high of $28.62. The price has been going up and down for this period, and there has been a -4.73% loss 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, 181 thousand more shares were traded than the day before. In total, 269 thousand shares were bought and sold for approximately $7.52 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $27.37 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 2.10% during the next 3 months and, with a 90% probability hold a price between $27.94 and $31.85 at the end of this 3-month period.
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KMTUY Signals & Forecast
The Komatsu Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.48 and $29.18. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.27%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Komatsu Ltd stock
Komatsu Ltd finds support from accumulated volume at $27.36 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 $0.97 (3.51%) between high and low. For the last week, the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: $26.45 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (KMTUY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Komatsu Ltd to open at $28.08, and during the day (based on 14 day Average True Range), to move between $27.15 and $28.81, which gives a possible trading interval of +/-$0.83 (+/-2.95%) up or down from last closing price. If Komatsu Ltd takes out the full calculated possible swing range there will be an estimated 5.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.36 (2.22%) than the resistance at $28.97 (3.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Komatsu Ltd stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.318 Buy Candidate Upgraded
Predicted Opening Price for Komatsu Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $28.08 ( 0.369%) | $27.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KMTUY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.05 | 3.84 % | |
| R2 | 28.68 | 2.51 % | ||
| R1 | 28.45 | 1.69 % | ||
| Current price: | 27.98 | |||
| Support | S1 | 27.71 | -0.95 % | |
| S2 | 27.48 | -1.77 % | ||
| S3 | 27.11 | -3.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.12 | 4.07 % | |
| R2 | 29.08 | 3.93 % | ||
| R1 | 28.97 | 3.54 % | ||
| Current price | 27.98 | |||
| Support | S1 | 27.36 | -2.22% | |
| S2 | 26.98 | -3.57% | ||
| S3 | 26.86 | -4.00% |
KMTUY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 11, 2023 | $0.369 | 1.48% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 03, 2023 | $0.422 | 1.54% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | $0.380 | 2.08% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | $0.353 | 1.45% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | $0.336 | 1.07% |
FAQ
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