Trust Tech Inc. Stock Forecast
Trust Tech Inc. stock price down 1.96% on Thursday
(Updated on May 02, 2024)
The Trust Tech Inc. stock price fell by -1.96% on the last day (Thursday, 2nd May 2024) from JP¥1,987.00 to JP¥1,948.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.94% from a day low at JP¥1,942.00 to a day high of JP¥1,999.00. The price has been going up and down for this period, and there has been a -2.36% loss 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 -14 thousand shares and in total, 144 thousand shares were bought and sold for approximately JP¥279.73 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥1,961.16 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.13% during the next 3 months and, with a 90% probability hold a price between JP¥1,586.33 and JP¥1,703.67 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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2154.T Signals & Forecast
There are few to no technical positive signals at the moment. The Trust Tech Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥2,010.14 and JP¥2,033.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -8.84%. 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 Trust Tech Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥57.00 between high and low, or 2.94%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2154.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Trust Tech Inc. to open at JP¥1,963.00, and during the day (based on 14 day Average True Range), to move between JP¥1,904.46 and JP¥1,991.54, which gives a possible trading interval of +/-JP¥43.54 (+/-2.24%) up or down from last closing price. If Trust Tech Inc. takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥2,033.00, some JP¥85.00 (4.36%) from the current price of JP¥1,948.00, our system finds the risk reward not very attractive.
Earnings coming up
Trust Tech Inc. will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is $30.57. We will update the financials statements for Trust Tech Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.32% in the first trading day after earnings release.
Is Trust Tech Inc. stock A Buy?
Trust Tech Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.222 Sell Candidate Unchanged
Predicted Opening Price for Trust Tech Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,963.00 ( 0.770%) | JP¥1,948.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2154.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,020.00 | 3.70 % | |
| R2 | 1,998.23 | 2.58 % | ||
| R1 | 1,984.77 | 1.89 % | ||
| Current price: | 1,948.00 | |||
| Support | S1 | 1,941.23 | -0.348 % | |
| S2 | 1,927.77 | -1.04 % | ||
| S3 | 1,906.00 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,137.00 | 9.70 % | |
| R2 | 2,047.00 | 5.08 % | ||
| R1 | 2,033.00 | 4.36 % | ||
| Current price | 1,948.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
2154 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥30.00 | 1.43% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥17.00 | 0.99% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥28.00 | 1.87% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥17.00 | 1.01% |
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