T&S Communications Co Ltd Stock Forecast
T&S Communications Co Ltd stock upgraded to Hold/Accumulate.
(Updated on May 09, 2024)
The T&S Communications Co Ltd stock price fell by -1.54% on the last day (Thursday, 9th May 2024) from ¥38.20 to ¥37.61. During the last trading day the stock fluctuated 8.54% from a day low at ¥37.47 to a day high of ¥40.67. The price has fallen in 6 of the last 10 days and is down by -1.54% for this period. 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 -356 thousand shares and in total, 14 million shares were bought and sold for approximately ¥511.76 million.
The stock lies in the middle of a very 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 -2.61% during the next 3 months and, with a 90% probability hold a price between ¥31.35 and ¥42.93 at the end of this 3-month period.
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300570.SZ Signals & Forecast
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. The T&S Communications Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ¥39.78 and ¥39.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -11.78%. 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 T&S Communications Co Ltd stock
T&S Communications Co Ltd finds support from accumulated volume at ¥37.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥3.20 between high and low, or 8.54%. For the last week, the stock has had daily average volatility of 6.28%.
Our recommended stop-loss: ¥35.44 (-5.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (300570.SZ) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect T&S Communications Co Ltd to open at ¥38.58, and during the day (based on 14 day Average True Range), to move between ¥34.50 and ¥40.72, which gives a possible trading interval of +/-¥3.11 (+/-8.27%) up or down from last closing price. If T&S Communications Co Ltd takes out the full calculated possible swing range there will be an estimated 16.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥37.41 (0.53%) than the resistance at ¥38.82 (3.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is T&S Communications Co Ltd stock A Buy?
T&S Communications Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.987 Hold/Accumulate Upgraded
Predicted Opening Price for T&S Communications Co Ltd of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ¥38.58 ( 2.59%) | ¥37.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300570.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.78 | 11.10 % | |
| R2 | 40.56 | 7.85 % | ||
| R1 | 39.81 | 5.84 % | ||
| Current price: | 37.61 | |||
| Support | S1 | 37.36 | -0.662 % | |
| S2 | 36.61 | -2.67 % | ||
| S3 | 35.38 | -5.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.78 | 19.06 % | |
| R2 | 41.98 | 11.62 % | ||
| R1 | 38.82 | 3.22 % | ||
| Current price | 37.61 | |||
| Support | S1 | 37.41 | -0.532% | |
| S2 | 37.24 | -0.98% | ||
| S3 | 35.91 | -4.52% |
300570 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | ¥0.500 | 1.03% |
| 2 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | ¥0.300 | 1.93% |
| 3 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | ¥0.300 | 1.88% |
| 4 | Jul 20, 2020 | Jul 20, 2020 | Jul 20, 2020 | ¥0.450 | 1.98% |
| 5 | Jun 21, 2019 | Jun 21, 2019 | Jun 21, 2019 | ¥0.360 | 1.62% |
FAQ
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