TOKYO ENERGY & SYSTEMS INC. Stock Forecast
Stronger technical forecast for TOKYO ENERGY & SYSTEMS INC. stock price after Thursday trading.
(Updated on Apr 25, 2024)
The TOKYO ENERGY & SYSTEMS INC. stock price fell by -0.378% on the last day (Thursday, 25th Apr 2024) from JP¥1,324.00 to JP¥1,319.00. During the last trading day the stock fluctuated 1.91% from a day low at JP¥1,309.00 to a day high of JP¥1,334.00. The price has been going up and down for this period, and there has been a 0.15% gain for the last 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 -29 thousand shares and in total, 48 thousand shares were bought and sold for approximately JP¥62.92 million.
The stock lies in the middle of a wide and 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 23.03% during the next 3 months and, with a 90% probability hold a price between JP¥1,534.47 and JP¥1,753.17 at the end of this 3-month period.
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1945.T Signals & Forecast
The TOKYO ENERGY & SYSTEMS INC. 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¥1,315.29 and JP¥1,249.06. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, April 15, 2024, and so far it has fallen -5.11%. Further fall is indicated until a new bottom pivot has been found. 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 TOKYO ENERGY & SYSTEMS INC. stock
TOKYO ENERGY & SYSTEMS INC. finds support from accumulated volume at JP¥1,317.00 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¥25.00 between high and low, or 1.91%. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: JP¥1,254.82 (-4.87%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (1945.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect TOKYO ENERGY & SYSTEMS INC. to open at JP¥1,320.67, and during the day (based on 14 day Average True Range), to move between JP¥1,273.62 and JP¥1,364.38, which gives a possible trading interval of +/-JP¥45.38 (+/-3.44%) up or down from last closing price. If TOKYO ENERGY & SYSTEMS INC. takes out the full calculated possible swing range there will be an estimated 6.88% 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¥1,317.00 (0.15%) than the resistance at JP¥1,333.00 (1.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TOKYO ENERGY & SYSTEMS INC. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TOKYO ENERGY & SYSTEMS INC. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.334 Buy Candidate Upgraded
Predicted Opening Price for TOKYO ENERGY & SYSTEMS INC. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥1,320.67 ( 0.126%) | JP¥1,319.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1945.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,345.67 | 2.02 % | |
| R2 | 1,336.12 | 1.30 % | ||
| R1 | 1,330.22 | 0.85 % | ||
| Current price: | 1,319.00 | |||
| Support | S1 | 1,311.12 | -0.598 % | |
| S2 | 1,305.22 | -1.04 % | ||
| S3 | 1,295.67 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,390.00 | 5.38 % | |
| R2 | 1,371.00 | 3.94 % | ||
| R1 | 1,333.00 | 1.06 % | ||
| Current price | 1,319.00 | |||
| Support | S1 | 1,317.00 | -0.152% | |
| S2 | 1,168.00 | -11.45% | ||
| S3 | 1,148.00 | -12.96% |
1945 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 0.563% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 0.516% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 1.45% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥15.00 | 1.42% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥1.50 | 0.157% |
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