Kubota Corp 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 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).
A buy signal from a double bottom formation was found on Monday, February 26, 2024 with a target of $76.21. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
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.
