TODA CORPORATION 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
Stronger technical forecast for TODA CORPORATION stock price after Friday trading.
(Updated on Apr 26, 2024)
The TODA CORPORATION stock price gained 2.63% on the last trading day (Friday, 26th Apr 2024), rising from JP¥993.40 to JP¥1,019.50. During the last trading day the stock fluctuated 3.43% from a day low at JP¥986.70 to a day high of JP¥1,020.50. The price has been going up and down for this period, and there has been a 0.1% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 248 thousand more shares were traded than the day before. In total, 698 thousand shares were bought and sold for approximately JP¥711.51 million.
The stock lies in the middle of a weak 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 8.06% during the next 3 months and, with a 90% probability hold a price between JP¥1,073.89 and JP¥1,170.92 at the end of this 3-month period.
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1860.T Signals & Forecast
Mostly positive signals in the chart today. The TODA CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥996.86 and JP¥1,007.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 4.96%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for TODA CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥941.00 and JP¥934.10. 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, TODA CORPORATION finds support just below today's level at JP¥941.00. If this is broken, then the next support from accumulated volume will be at JP¥934.10 and JP¥933.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥33.80 between high and low, or 3.43%. For the last week the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: JP¥962.79 (-5.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (1860.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect TODA CORPORATION to open at JP¥1,008.90, and during the day (based on 14 day Average True Range), to move between JP¥994.09 and JP¥1,044.91, which gives a possible trading interval of +/-JP¥25.41 (+/-2.49%) up or down from last closing price. If TODA CORPORATION takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥1,034.00 (1.42%) than the support at JP¥941.00 (7.70%), 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 TODA CORPORATION 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 TODA CORPORATION stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.988 Buy Candidate Upgraded
Predicted Opening Price for TODA CORPORATION of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,008.90 ( 1.04%) | JP¥1,019.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1860.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,042.70 | 2.28 % | |
| R2 | 1,029.79 | 1.01 % | ||
| R1 | 1,021.81 | 0.227 % | ||
| Current price: | 1,019.50 | |||
| Support | S1 | 995.99 | -2.31 % | |
| S2 | 988.01 | -3.09 % | ||
| S3 | 975.10 | -4.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,044.00 | 2.40 % | |
| R2 | 1,043.00 | 2.31 % | ||
| R1 | 1,034.00 | 1.42 % | ||
| Current price | 1,019.50 | |||
| Support | S1 | 941.00 | -7.70% | |
| S2 | 934.10 | -8.38% | ||
| S3 | 933.00 | -8.48% |
1860 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥13.50 | 1.97% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥13.50 | 1.81% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥16.00 | 2.13% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥10.00 | 1.26% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥20.00 | 2.41% |
FAQ
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