TOENEC CORPORATION Stock Forecast
TOENEC CORPORATION stock price up more than 6.58% on Friday
(Updated on Apr 26, 2024)
The TOENEC CORPORATION stock price gained 6.58% on the last trading day (Friday, 26th Apr 2024), rising from JP¥5,320.00 to JP¥5,670.00. During the last trading day the stock fluctuated 7.98% from a day low at JP¥5,260.00 to a day high of JP¥5,680.00. The price has been going up and down for this period, and there has been a -1.05% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 24 thousand shares were bought and sold for approximately JP¥134.95 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 13.04% during the next 3 months and, with a 90% probability hold a price between JP¥6,027.14 and JP¥7,182.71 at the end of this 3-month period.
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1946.T Signals & Forecast
The TOENEC CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥5,441.43 and JP¥5,640.29. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -6.90%. 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).
Support, Risk & Stop-loss for TOENEC CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥5,380.00 and JP¥5,220.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TOENEC CORPORATION finds support just below today's level at JP¥5,380.00. If this is broken, then the next support from accumulated volume will be at JP¥5,220.00 and JP¥5,150.00.
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¥420.00 between high and low, or 7.98%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: JP¥5,433.23 (-4.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (1946.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect TOENEC CORPORATION to open at JP¥5,536.67, and during the day (based on 14 day Average True Range), to move between JP¥5,468.27 and JP¥5,871.73, which gives a possible trading interval of +/-JP¥201.73 (+/-3.56%) up or down from last closing price. If TOENEC CORPORATION takes out the full calculated possible swing range there will be an estimated 7.12% 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¥5,720.00 (0.88%) than the support at JP¥5,380.00 (5.11%), 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.
Earnings coming up
TOENEC CORPORATION will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for TOENEC CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.00% in the first trading day after earnings release.
Is TOENEC CORPORATION 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 TOENEC CORPORATION stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.430 Buy Candidate Upgraded
Predicted Opening Price for TOENEC CORPORATION of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥5,536.67 ( 2.35%) | JP¥5,670.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1946.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,956.67 | 5.06 % | |
| R2 | 5,796.23 | 2.23 % | ||
| R1 | 5,697.11 | 0.478 % | ||
| Current price: | 5,670.00 | |||
| Support | S1 | 5,376.23 | -5.18 % | |
| S2 | 5,277.11 | -6.93 % | ||
| S3 | 5,116.67 | -9.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,090.00 | 7.41 % | |
| R2 | 5,970.00 | 5.29 % | ||
| R1 | 5,720.00 | 0.88 % | ||
| Current price | 5,670.00 | |||
| Support | S1 | 5,380.00 | -5.11% | |
| S2 | 5,220.00 | -7.94% | ||
| S3 | 5,150.00 | -9.17% |
1946 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 1.47% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥45.00 | 1.28% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥90.00 | 2.68% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥45.00 | 1.23% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥85.00 | 2.11% |
FAQ
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