TEKKEN CORPORATION Stock Forecast
Green day on Friday for TEKKEN CORPORATION
(Updated on May 31, 2024)
The TEKKEN CORPORATION stock price gained 0.726% on the last trading day (Friday, 31st May 2024), rising from JP¥2,616.00 to JP¥2,635.00. During the last trading day the stock fluctuated 0.96% from a day low at JP¥2,610.00 to a day high of JP¥2,635.00. The price has been going up and down for this period, and there has been a -1.53% loss for the last 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 23 thousand shares were bought and sold for approximately JP¥59.55 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 in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,614.82 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.46% during the next 3 months and, with a 90% probability hold a price between JP¥2,731.37 and JP¥3,110.55 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.
1815.T Signals & Forecast
There are mixed signals in the stock today. The TEKKEN CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,721.69. On a fall, the stock will find some support from the short-term average at JP¥2,612.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 1.35%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for TEKKEN CORPORATION stock
TEKKEN CORPORATION finds support from accumulated volume at JP¥2,608.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥25.00 between high and low, or 0.96%. For the last week, the stock has had daily average volatility of 1.57%.
TEKKEN CORPORATION is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: JP¥2,479.21 (-5.91%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 24 which reduces the risk some. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (1815.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect TEKKEN CORPORATION to open at JP¥2,626.67, and during the day (based on 14 day Average True Range), to move between JP¥2,576.66 and JP¥2,693.34, which gives a possible trading interval of +/-JP¥58.34 (+/-2.21%) up or down from last closing price. If TEKKEN CORPORATION takes out the full calculated possible swing range there will be an estimated 4.43% 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¥2,608.00 (1.02%) than the resistance at JP¥2,832.00 (7.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TEKKEN CORPORATION stock A Buy?
TEKKEN CORPORATION holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.909 Hold/Accumulate Unchanged
Predicted Opening Price for TEKKEN CORPORATION of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥2,626.67 ( 0.316%) | JP¥2,635.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1815.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,651.67 | 0.633 % | |
| R2 | 2,642.12 | 0.270 % | ||
| R1 | 2,636.22 | 0.0462 % | ||
| Current price: | 2,635.00 | |||
| Support | S1 | 2,617.12 | -0.679 % | |
| S2 | 2,611.22 | -0.90 % | ||
| S3 | 2,601.67 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,927.00 | 11.08 % | |
| R2 | 2,834.00 | 7.55 % | ||
| R1 | 2,832.00 | 7.48 % | ||
| Current price | 2,635.00 | |||
| Support | S1 | 2,608.00 | -1.02% | |
| S2 | 2,600.00 | -1.33% | ||
| S3 | 2,583.00 | -1.97% |
1815 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥80.00 | 4.46% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥80.00 | 4.29% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥80.00 | 3.94% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥80.00 | 3.39% |
FAQ
Click here for our free guide on how to buy TEKKEN CORPORATION Stock.
