TOA CORPORATION Stock Forecast
Stronger technical forecast for TOA CORPORATION stock price after Friday trading.
(Updated on Apr 26, 2024)
The TOA CORPORATION stock price gained 1.97% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,066.00 to JP¥1,087.00. During the last trading day the stock fluctuated 3.13% from a day low at JP¥1,054.00 to a day high of JP¥1,087.00. The price has fallen in 6 of the last 10 days and is down by -4.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 62 thousand more shares were traded than the day before. In total, 197 thousand shares were bought and sold for approximately JP¥214.57 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¥712.05 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -53.84% during the next 3 months and, with a 90% probability hold a price between JP¥328.66 and JP¥1,679.66 at the end of this 3-month period.
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1885.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.55%. 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 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¥2,587.29. On a fall, the stock will find some support from the short-term average at JP¥1,075.86. 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 CORPORATION stock
TOA CORPORATION finds support from accumulated volume at JP¥1,071.00 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¥33.00 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: JP¥1,027.26 (-5.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (1885.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect TOA CORPORATION to open at JP¥1,076.00, and during the day (based on 14 day Average True Range), to move between JP¥978.31 and JP¥1,195.69, which gives a possible trading interval of +/-JP¥108.69 (+/-10.00%) up or down from last closing price. If TOA CORPORATION takes out the full calculated possible swing range there will be an estimated 20.00% 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¥1,090.00 (0.28%) than the support at JP¥1,071.00 (1.47%), 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 CORPORATION stock A Buy?
TOA 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: -0.172 Hold/Accumulate Upgraded
Predicted Opening Price for TOA CORPORATION of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,076.00 ( 1.01%) | JP¥1,087.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1885.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,109.00 | 2.02 % | |
| R2 | 1,096.39 | 0.86 % | ||
| R1 | 1,088.61 | 0.148 % | ||
| Current price: | 1,087.00 | |||
| Support | S1 | 1,063.39 | -2.17 % | |
| S2 | 1,055.61 | -2.89 % | ||
| S3 | 1,043.00 | -4.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,173.00 | 7.91 % | |
| R2 | 1,135.00 | 4.42 % | ||
| R1 | 1,090.00 | 0.276 % | ||
| Current price | 1,087.00 | |||
| Support | S1 | 1,071.00 | -1.47% | |
| S2 | 1,070.00 | -1.56% | ||
| S3 | 1,060.00 | -2.48% |
1885 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥90.00 | 13.82% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥90.00 | 14.36% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥80.00 | 12.75% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥50.00 | 13.87% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥30.00 | 7.43% |
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