Kubota Corp Stock Forecast
Green day on Thursday for Kubota Corp
(Updated on May 02, 2024)
The Kubota Corp stock price gained 0.87% on the last trading day (Thursday, 2nd May 2024), rising from $80.38 to $81.08. During the last trading day the stock fluctuated 1.58% from a day low at $79.82 to a day high of $81.08. The price has risen in 8 of the last 10 days and is up by 3.82% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately $1.26 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.55% during the next 3 months and, with a 90% probability hold a price between $86.51 and $96.21 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KUBTY Signals & Forecast
The Kubota Corp 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 $79.78 and $79.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 5.55%. Further rise is indicated until a new top pivot has been found. Kubota Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kubota Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $75.55 and $75.19. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kubota Corp finds support just below today's level at $75.55. If this is broken, then the next support from accumulated volume will be at $75.19 and $71.83.
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 $1.26 (1.58%) between high and low. For the last week, the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: $77.55 (-4.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (KUBTY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Kubota Corp to open at $80.66, and during the day (based on 14 day Average True Range), to move between $79.14 and $83.02, which gives a possible trading interval of +/-$1.94 (+/-2.39%) up or down from last closing price. If Kubota Corp takes out the full calculated possible swing range there will be an estimated 4.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $81.60 (0.64%) than the support at $75.55 (6.82%), 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 Kubota Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kubota Corp stock to perform well in the short-term.
Current score: 4.136 Buy Candidate Unchanged
Predicted Opening Price for Kubota Corp of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$80.66 ( 0.518%) | $81.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KUBTY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 81.92 | 1.04 % | |
R2 | 81.44 | 0.442 % | ||
R1 | 81.14 | 0.0756 % | ||
Current price: | 81.08 | |||
Support | S1 | 80.18 | -1.11 % | |
S2 | 79.88 | -1.48 % | ||
S3 | 79.40 | -2.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.83 | 2.16 % | |
R2 | 82.67 | 1.96 % | ||
R1 | 81.60 | 0.641 % | ||
Current price | 81.08 | |||
Support | S1 | 75.55 | -6.82% | |
S2 | 75.19 | -7.26% | ||
S3 | 71.83 | -11.41% |
KUBTY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | $0.797 | 1.08% |
2 | Dec 27, 2023 | Dec 27, 2023 | Apr 02, 2024 | $0.797 | 1.01% |
3 | Jun 28, 2023 | Jun 28, 2023 | Sep 11, 2023 | $0.664 | 0.83% |
4 | Dec 29, 2022 | Dec 29, 2022 | Apr 03, 2023 | $0.648 | 0.85% |
5 | Mar 26, 2014 | Mar 26, 2014 | Mar 26, 2014 | $0.88 | 1.35% |
FAQ
Click here for our free guide on how to buy Kubota Corp Stock.