TOYO CONSTRUCTION CO.,LTD. Stock Forecast
TOYO CONSTRUCTION CO.,LTD. stock downgraded from Strong Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 21, 2024)
The TOYO CONSTRUCTION CO.,LTD. stock price fell by -1.82% on the last day (Friday, 21st Jun 2024) from JP¥1,427.00 to JP¥1,401.00. During the last trading day the stock fluctuated 2.36% from a day low at JP¥1,401.00 to a day high of JP¥1,434.00. The price has risen in 6 of the last 10 days and is up by 3.62% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -350 thousand shares and in total, 357 thousand shares were bought and sold for approximately JP¥500.16 million.
The stock lies in the middle of a wide and 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 8.59% during the next 3 months and, with a 90% probability hold a price between JP¥1,402.55 and JP¥1,551.58 at the end of this 3-month period.
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1890.T Signals & Forecast
The TOYO CONSTRUCTION CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,386.71 and JP¥1,364.14. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for TOYO CONSTRUCTION CO.,LTD. stock
TOYO CONSTRUCTION CO.,LTD. finds support from accumulated volume at JP¥1,383.00 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¥33.00 between high and low, or 2.36%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: JP¥1,334.57 (-4.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (1890.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect TOYO CONSTRUCTION CO.,LTD. to open at JP¥1,412.00, and during the day (based on 14 day Average True Range), to move between JP¥1,376.19 and JP¥1,425.81, which gives a possible trading interval of +/-JP¥24.81 (+/-1.77%) up or down from last closing price. If TOYO CONSTRUCTION CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.54% 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¥1,383.00 (1.28%) than the resistance at JP¥1,425.00 (1.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TOYO CONSTRUCTION CO.,LTD. stock A Buy?
TOYO CONSTRUCTION CO.,LTD. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.899 Hold/Accumulate Downgraded
Predicted Opening Price for TOYO CONSTRUCTION CO.,LTD. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥1,412.00 ( 0.785%) | JP¥1,401.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1890.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,445.00 | 3.14% |
| R2 | 1,432.39 | 2.24% |
| R1 | 1,424.61 | 1.68% |
| Price | 1,401.00 | |
| S1 | 1,399.39 | -0.115% |
| S2 | 1,391.61 | -0.671% |
| S3 | 1,379.00 | -1.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,435.00 | 2.43% |
| R2 | 1,428.00 | 1.93% |
| R1 | 1,425.00 | 1.71% |
| Price | 1,401.00 | |
| S1 | 1,383.00 | -1.28% |
| S2 | 1,353.00 | -3.43% |
| S3 | 1,294.00 | -7.64% |
1890 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 3 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥63.00 | 4.50% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 2.72% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.43% |
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