TOA ROAD CORPORATION Stock Forecast
TOA ROAD CORPORATION stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The TOA ROAD CORPORATION stock price gained 1.28% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,253.00 to JP¥1,269.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.26% from a day low at JP¥1,241.00 to a day high of JP¥1,269.00. The price has risen in 5 of the last 10 days and is up by 0.63% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 114 thousand shares were bought and sold for approximately JP¥144.41 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥876.47 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -64.75% during the next 3 months and, with a 90% probability hold a price between JP¥308.95 and JP¥1,418.49 at the end of this 3-month period.
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1882.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 2.34%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TOA ROAD 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¥3,192.80. On a fall, the stock will find some support from the short-term average at JP¥1,259.00. 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.
Support, Risk & Stop-loss for TOA ROAD CORPORATION stock
TOA ROAD CORPORATION finds support from accumulated volume at JP¥1,254.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥28.00 between high and low, or 2.26%. For the last week the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: JP¥1,201.68 (-5.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (1882.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect TOA ROAD CORPORATION to open at JP¥1,259.67, and during the day (based on 14 day Average True Range), to move between JP¥1,139.51 and JP¥1,398.49, which gives a possible trading interval of +/-JP¥129.49 (+/-10.20%) up or down from last closing price. If TOA ROAD CORPORATION takes out the full calculated possible swing range there will be an estimated 20.41% 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¥1,275.00 (0.47%) than the support at JP¥1,254.00 (1.18%), 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 TOA ROAD CORPORATION stock A Buy?
TOA ROAD 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.515 Hold/Accumulate Upgraded
Predicted Opening Price for TOA ROAD CORPORATION of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,259.67 ( 0.735%) | JP¥1,269.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1882.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,287.67 | 1.47 % | |
| R2 | 1,276.97 | 0.628 % | ||
| R1 | 1,270.36 | 0.107 % | ||
| Current price: | 1,269.00 | |||
| Support | S1 | 1,248.97 | -1.58 % | |
| S2 | 1,242.36 | -2.10 % | ||
| S3 | 1,231.67 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,282.00 | 1.02 % | |
| R2 | 1,280.00 | 0.87 % | ||
| R1 | 1,275.00 | 0.473 % | ||
| Current price | 1,269.00 | |||
| Support | S1 | 1,254.00 | -1.18% | |
| S2 | 1,251.00 | -1.42% | ||
| S3 | 1,246.00 | -1.81% |
1882 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥90.00 | 12.48% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥90.00 | 18.39% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥15.00 | 3.54% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥10.00 | 3.26% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥60.00 | 20.36% |
FAQ
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