TOYO CONSTRUCTION CO.,LTD. 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 TOYO CONSTRUCTION CO.,LTD. stock price after Thursday trading.
(Updated on Jun 27, 2024)
The TOYO CONSTRUCTION CO.,LTD. stock price gained 1.13% on the last trading day (Thursday, 27th Jun 2024), rising from JP¥1,421.00 to JP¥1,437.00. During the last trading day the stock fluctuated 1.41% from a day low at JP¥1,417.00 to a day high of JP¥1,437.00. The price has risen in 7 of the last 10 days and is up by 7.24% 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, 108 thousand more shares were traded than the day before. In total, 349 thousand shares were bought and sold for approximately JP¥500.94 million.
The stock lies in the middle of a strong 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 14.54% during the next 3 months and, with a 90% probability hold a price between JP¥1,550.55 and JP¥1,687.55 at the end of this 3-month period.
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1890.T Signals & Forecast
Mostly positive signals in the chart today. 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¥1,415.86 and JP¥1,381.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 7.24%. 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 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¥20.00 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: JP¥1,360.98 (-5.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (1890.T) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect TOYO CONSTRUCTION CO.,LTD. to open at JP¥1,430.33, and during the day (based on 14 day Average True Range), to move between JP¥1,414.64 and JP¥1,459.36, which gives a possible trading interval of +/-JP¥22.36 (+/-1.56%) 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 3.11% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,383.00, some JP¥54.00 (3.76%) from the current price of JP¥1,437.00, our system finds the risk reward attractive.
Is TOYO CONSTRUCTION CO.,LTD. stock A Buy?
TOYO CONSTRUCTION CO.,LTD. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.348 Strong Buy Candidate Upgraded
Predicted Opening Price for TOYO CONSTRUCTION CO.,LTD. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| JP¥1,430.33 ( 0.464%) | JP¥1,437.00 |
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 | 1,450.33 | 0.93% |
| R2 | 1,442.69 | 0.396% |
| R1 | 1,437.97 | 0.0677% |
| Price | 1,437.00 | |
| S1 | 1,422.69 | -1.00% |
| S2 | 1,417.97 | -1.32% |
| S3 | 1,410.33 | -1.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,437.00 | |
| S1 | 1,383.00 | -3.76% |
| S2 | 1,353.00 | -5.85% |
| S3 | 1,294.00 | -9.95% |
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 | 4.38% |
| 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% |
FAQ
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