Kubota Corp Stock Forecast
Kubota Corp stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Kubota Corp stock price fell by -4.18% on the last day (Thursday, 25th Apr 2024) from $80.17 to $76.82. During the last trading day the stock fluctuated 1.02% from a day low at $76.23 to a day high of $77.01. The price has risen in 6 of the last 10 days but is still down by -7.99% for this period. Volume has increased on the last day by 11 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 20 thousand shares were bought and sold for approximately $1.52 million.
Given the current short-term trend, the stock is expected to rise 9.86% during the next 3 months and, with a 90% probability hold a price between $84.39 and $93.64 at the end of this 3-month period.
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KUBTY Signals & Forecast
There are few to no technical positive signals at the moment. The Kubota Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $78.88 and $78.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -8.29%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kubota Corp stock
Kubota Corp finds support from accumulated volume at $75.55 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 $0.780 (1.02%) between high and low. For the last week, the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KUBTY) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Kubota Corp to open at $76.69, and during the day (based on 14 day Average True Range), to move between $74.74 and $78.90, which gives a possible trading interval of +/-$2.08 (+/-2.71%) up or down from last closing price. If Kubota Corp takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $75.55 (1.65%) than the resistance at $81.00 (5.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kubota Corp stock A Buy?
The Kubota Corp stock holds several negative signals and despite the positive trend, we believe Kubota Corp will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -2.254 Sell Candidate Downgraded
Predicted Opening Price for Kubota Corp of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $76.69 ( 0.174%) | $76.82 |
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 | 77.47 | 0.84 % | |
| R2 | 77.17 | 0.454 % | ||
| R1 | 76.98 | 0.214 % | ||
| Current price: | 76.82 | |||
| Support | S1 | 76.39 | -0.561 % | |
| S2 | 76.20 | -0.80 % | ||
| S3 | 75.91 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.83 | 7.82 % | |
| R2 | 82.67 | 7.62 % | ||
| R1 | 81.00 | 5.44 % | ||
| Current price | 76.82 | |||
| Support | S1 | 75.55 | -1.65% | |
| S2 | 75.19 | -2.12% | ||
| S3 | 71.83 | -6.50% |
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% |
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