TOBISHIMA CORPORATION Stock Forecast
Evaluation of TOBISHIMA CORPORATION stock downgraded after the last trading session.
(Updated on Jun 10, 2024)
The TOBISHIMA CORPORATION stock price gained 0.554% on the last trading day (Monday, 10th Jun 2024), rising from JP¥1,444.00 to JP¥1,452.00. During the last trading day the stock fluctuated 0.97% from a day low at JP¥1,443.00 to a day high of JP¥1,457.00. The price has fallen in 7 of the last 10 days and is down by -2.88% for this period. Volume fell on the last day by -39 thousand shares and in total, 22 thousand shares were bought and sold for approximately JP¥32.23 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥1,494.98 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.17% during the next 3 months and, with a 90% probability hold a price between JP¥1,211.94 and JP¥1,417.76 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1805.T Signals & Forecast
The TOBISHIMA CORPORATION stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,458.29. On a fall, the stock will find some support from the long-term average at approximately JP¥1,427.03. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -4.16%. 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).
Support, Risk & Stop-loss for TOBISHIMA CORPORATION stock
TOBISHIMA CORPORATION finds support from accumulated volume at JP¥1,448.00 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 JP¥14.00 (0.97%) between high and low. For the last week, the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1805.T) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect TOBISHIMA CORPORATION to open at JP¥1,450.67, and during the day (based on 14 day Average True Range), to move between JP¥1,425.56 and JP¥1,478.44, which gives a possible trading interval of +/-JP¥26.44 (+/-1.82%) up or down from last closing price. If TOBISHIMA CORPORATION takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,448.00 (0.28%) than the resistance at JP¥1,563.00 (7.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TOBISHIMA CORPORATION stock A Buy?
TOBISHIMA CORPORATION 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: -1.387 Sell Candidate Downgraded
Predicted Opening Price for TOBISHIMA CORPORATION of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| JP¥1,450.67 ( 0.0918%) | JP¥1,452.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1805.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,464.67 | 0.87% |
| R2 | 1,459.32 | 0.504% |
| R1 | 1,456.01 | 0.276% |
| Price | 1,452.00 | |
| S1 | 1,445.32 | -0.460% |
| S2 | 1,442.01 | -0.688% |
| S3 | 1,436.67 | -1.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,586.00 | 9.23% |
| R2 | 1,565.00 | 7.78% |
| R1 | 1,563.00 | 7.64% |
| Price | 1,452.00 | |
| S1 | 1,448.00 | -0.275% |
| S2 | 1,413.00 | -2.69% |
| S3 | 1,397.00 | -3.79% |
1805 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 28, 2024 | JP¥60.00 | 4.13% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥60.00 | 5.78% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥50.00 | 4.80% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥50.00 | 4.10% |
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