TOA ROAD 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
TOA ROAD CORPORATION stock price up 0.614% on Friday
(Updated on May 10, 2024)
The TOA ROAD CORPORATION stock price gained 0.614% on the last trading day (Friday, 10th May 2024), rising from JP¥1,302.00 to JP¥1,310.00. It has now gained 4 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 1.92% from a day low at JP¥1,303.00 to a day high of JP¥1,328.00. The price has risen in 8 of the last 10 days and is up by 5.65% 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, 72 thousand more shares were traded than the day before. In total, 173 thousand shares were bought and sold for approximately JP¥226.11 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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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 5.65%. 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¥2,180.26. On a fall, the stock will find some support from the short-term average at JP¥1,294.43. 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¥1,282.00 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¥25.00 between high and low, or 1.92%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: JP¥1,248.55 (-4.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (1882.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect TOA ROAD CORPORATION to open at JP¥1,313.67, and during the day (based on 14 day Average True Range), to move between JP¥1,224.35 and JP¥1,395.65, which gives a possible trading interval of +/-JP¥85.65 (+/-6.54%) up or down from last closing price. If TOA ROAD CORPORATION takes out the full calculated possible swing range there will be an estimated 13.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,282.00, some JP¥28.00 (2.14%) from the current price of JP¥1,310.00, our system finds the risk reward attractive.
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.
Current score: -0.190 Hold/Accumulate Unchanged
Predicted Opening Price for TOA ROAD CORPORATION of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
JP¥1,313.67 ( 0.280%) | JP¥1,310.00 |
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 | 1,338.67 | 2.19 % | |
R2 | 1,329.12 | 1.46 % | ||
R1 | 1,323.22 | 1.01 % | ||
Current price: | 1,310.00 | |||
Support | S1 | 1,304.12 | -0.449 % | |
S2 | 1,298.22 | -0.90 % | ||
S3 | 1,288.67 | -1.63 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 1,310.00 | |||
Support | S1 | 1,282.00 | -2.14% | |
S2 | 1,251.00 | -4.50% | ||
S3 | 1,246.00 | -4.89% |
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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