Treasure Factory Co.,LTD. Stock Forecast
Weaker technical forecast for Treasure Factory Co.,LTD. as stock downgraded to Buy Candidate.
(Updated on Jun 28, 2024)
No changes to the price of Treasure Factory Co.,LTD. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 2.18% from a day low at JP¥1,835.00 to a day high of JP¥1,875.00. The price has risen in 5 of the last 10 days and is up by 2.64% over the past 2 weeks.
The stock lies in the upper part of a wide and strong rising 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¥1,868.16 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.65% during the next 3 months and, with a 90% probability hold a price between JP¥1,967.14 and JP¥2,253.92 at the end of this 3-month period.
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3093.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 Treasure Factory Co.,LTD. 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¥1,821.29 and JP¥1,709.86. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Treasure Factory Co.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,601.00 and JP¥1,548.00. 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, Treasure Factory Co.,LTD. finds support just below today's level at JP¥1,601.00. If this is broken, then the next support from accumulated volume will be at JP¥1,548.00 and JP¥1,530.00.
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¥40.00 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: JP¥1,794.07 (-3.70%) (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 (3093.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Treasure Factory Co.,LTD. to open at JP¥1,857.67, and during the day (based on 14 day Average True Range), to move between JP¥1,810.09 and JP¥1,915.91, which gives a possible trading interval of +/-JP¥52.91 (+/-2.84%) up or down from last closing price. If Treasure Factory Co.,LTD. takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,601.00, some JP¥262.00 (14.06%) from the current price of JP¥1,863.00, our system finds the risk reward attractive.
Is Treasure Factory Co.,LTD. 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 Treasure Factory Co.,LTD. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.520 Buy Candidate Downgraded
Predicted Opening Price for Treasure Factory Co.,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥1,857.67 ( 0.286%) | JP¥1,863.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3093.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,897.67 | 1.86% |
| R2 | 1,882.39 | 1.04% |
| R1 | 1,872.95 | 0.534% |
| Price | 1,863.00 | |
| S1 | 1,842.39 | -1.11% |
| S2 | 1,832.95 | -1.61% |
| S3 | 1,817.67 | -2.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,863.00 | |
| S1 | 1,601.00 | -14.06% |
| S2 | 1,548.00 | -16.91% |
| S3 | 1,530.00 | -17.87% |
3093 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥16.00 | 0.86% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥16.00 | 1.07% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥12.00 | 0.85% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥12.50 | 1.12% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥6.00 | 0.669% |
FAQ
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