KEYENCE CORP Stock Forecast
Evaluation of KEYENCE CORP stock downgraded after the last trading session.
(Updated on Apr 15, 2024)
The KEYENCE CORP stock price fell by -0.702% on the last day (Monday, 15th Apr 2024) from $417.94 to $415.00. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 5.13% from a day low at $409.00 to a day high of $430.00. The price has fallen in 10 of the last 10 days and is down by -10.98% for this period. 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 -113 shares and in total, 2 thousand shares were bought and sold for approximately $663.17 thousand.
Given the current horizontal trend, you can expect KEYENCE CORP stock with a 90% probability to be traded between $414.26 and $496.85 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
KYCCF Signals & Forecast
There are few to no technical positive signals at the moment. The KEYENCE CORP 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 $423.44 and $462.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -16.69%. Further fall is indicated until a new bottom pivot has been found. 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 KEYENCE CORP stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $21.00 between high and low, or 5.13%. For the last week the stock has had daily average volatility of 5.34%.
KEYENCE CORP is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KYCCF) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect KEYENCE CORP to open at $418.00, and during the day (based on 14 day Average True Range), to move between $391.80 and $438.20, which gives a possible trading interval of +/-$23.20 (+/-5.59%) up or down from last closing price. If KEYENCE CORP takes out the full calculated possible swing range there will be an estimated 11.18% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $436.00, some $21.00 (5.06%) from the current price of $415.00, our system finds the risk reward not very attractive.
Is KEYENCE CORP stock A Buy?
KEYENCE CORP holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.
Current score: -1.593 Sell Candidate Downgraded
Predicted Opening Price for KEYENCE CORP of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $418.00 ( 0.723%) | $415.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KYCCF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 439.00 | 5.78 % | |
| R2 | 430.98 | 3.85 % | ||
| R1 | 426.02 | 2.66 % | ||
| Current price: | 415.00 | |||
| Support | S1 | 409.98 | -1.21 % | |
| S2 | 405.02 | -2.40 % | ||
| S3 | 397.00 | -4.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 489.95 | 18.06 % | |
| R2 | 461.19 | 11.13 % | ||
| R1 | 436.00 | 5.06 % | ||
| Current price | 415.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
KYCCF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 18, 2024 | $0 | 0% |
| 2 | Mar 17, 2023 | Mar 17, 2023 | Mar 17, 2023 | $1.12 | 0.249% |
| 3 | Sep 16, 2022 | Sep 16, 2022 | Sep 16, 2022 | $0.697 | 0.197% |
| 4 | Mar 17, 2022 | Mar 17, 2022 | Mar 17, 2022 | $0.84 | 0.184% |
| 5 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | $0.91 | 0.136% |
FAQ
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