TEAR Corporation Stock Forecast
Weaker technical forecast for TEAR Corporation as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
No changes to the price of TEAR Corporation stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.435% from a day low at JP¥460.00 to a day high of JP¥462.00. The price has risen in 5 of the last 10 days.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥462.90 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect TEAR Corporation stock with a 90% probability to be traded between JP¥458.32 and JP¥467.94 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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2485.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The TEAR Corporation 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¥460.43 and JP¥459.49. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Friday, May 17, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 17, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for TEAR Corporation stock
TEAR Corporation finds support from accumulated volume at JP¥460.00 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¥2.00 between high and low, or 0.435%. For the last week the stock has had daily average volatility of 0.567%.
Our recommended stop-loss: JP¥434.25 (-5.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (2485.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect TEAR Corporation to open at JP¥461.00, and during the day (based on 14 day Average True Range), to move between JP¥458.30 and JP¥463.70, which gives a possible trading interval of +/-JP¥2.70 (+/-0.59%) up or down from last closing price. If TEAR Corporation takes out the full calculated possible swing range there will be an estimated 1.17% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥460.00, some JP¥1.00 (0.22%) from the current price of JP¥461.00, our system finds the risk reward attractive.
Is TEAR Corporation stock A Buy?
TEAR Corporation 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 Buy to a Hold/Accumulate candidate.
Current score: 0.781 Hold/Accumulate Downgraded
Predicted Opening Price for TEAR Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥461.00 ( 0%) | JP¥461.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2485.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 463.00 | 0.434% |
| R2 | 462.24 | 0.268% |
| R1 | 461.76 | 0.166% |
| Price | 461.00 | |
| S1 | 460.24 | -0.166% |
| S2 | 459.76 | -0.268% |
| S3 | 459.00 | -0.434% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 461.00 | |
| S1 | 460.00 | -0.217% |
| S2 | 459.00 | -0.434% |
| S3 | 457.00 | -0.87% |
2485 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Dec 01, 2024 | JP¥10.00 | 2.17% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 03, 2024 | JP¥10.00 | 2.17% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 05, 2023 | JP¥10.00 | 2.17% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 2.32% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 2.34% |
FAQ
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