TAKACHIHO KOHEKI CO.,LTD. Stock Forecast
TAKACHIHO KOHEKI CO.,LTD. stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The TAKACHIHO KOHEKI CO.,LTD. stock price gained 3.88% on the last trading day (Friday, 31st May 2024), rising from JP¥3,605.00 to JP¥3,745.00. During the last trading day the stock fluctuated 3.60% from a day low at JP¥3,615.00 to a day high of JP¥3,745.00. The price has risen in 6 of the last 10 days and is up by 1.63% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 27 thousand shares were bought and sold for approximately JP¥100.37 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.27% during the next 3 months and, with a 90% probability hold a price between JP¥3,246.63 and JP¥3,596.81 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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2676.T Signals & Forecast
The TAKACHIHO KOHEKI CO.,LTD. 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¥3,642.14 and JP¥3,684.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 4.76%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, April 26, 2024 with a target of JP¥3,695.00. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for TAKACHIHO KOHEKI CO.,LTD. stock
TAKACHIHO KOHEKI CO.,LTD. finds support from accumulated volume at JP¥3,655.00 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¥130.00 between high and low, or 3.60%. For the last week the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: JP¥3,561.71 (-4.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (2676.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect TAKACHIHO KOHEKI CO.,LTD. to open at JP¥3,701.67, and during the day (based on 14 day Average True Range), to move between JP¥3,667.89 and JP¥3,822.11, which gives a possible trading interval of +/-JP¥77.11 (+/-2.06%) up or down from last closing price. If TAKACHIHO KOHEKI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.12% 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¥3,790.00 (1.20%) than the support at JP¥3,655.00 (2.40%), 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.
Is TAKACHIHO KOHEKI CO.,LTD. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.721 Buy Candidate Upgraded
Predicted Opening Price for TAKACHIHO KOHEKI CO.,LTD. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥3,701.67 ( 1.16%) | JP¥3,745.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2676.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,831.67 | 2.31 % | |
| R2 | 3,782.01 | 0.99 % | ||
| R1 | 3,751.33 | 0.169 % | ||
| Current price: | 3,745.00 | |||
| Support | S1 | 3,652.01 | -2.48 % | |
| S2 | 3,621.33 | -3.30 % | ||
| S3 | 3,571.67 | -4.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,000.00 | 6.81 % | |
| R2 | 3,800.00 | 1.47 % | ||
| R1 | 3,790.00 | 1.20 % | ||
| Current price | 3,745.00 | |||
| Support | S1 | 3,655.00 | -2.40% | |
| S2 | 3,650.00 | -2.54% | ||
| S3 | 3,635.00 | -2.94% |
2676 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥109.00 | 4.43% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥24.00 | 1.17% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 1.00% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥12.00 | 0.99% |
FAQ
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