TOYOTA BOSHOKU CORPORATION Stock Forecast
TOYOTA BOSHOKU CORPORATION stock price up 0.367% on Thursday
(Updated on Apr 18, 2024)
The TOYOTA BOSHOKU CORPORATION stock price gained 0.367% on the last trading day (Thursday, 18th Apr 2024), rising from JP¥2,454.00 to JP¥2,463.00. During the last trading day the stock fluctuated 2.38% from a day low at JP¥2,436.00 to a day high of JP¥2,494.00. The price has been going up and down for this period, and there has been a -0.4% loss for the last 2 weeks. Volume fell on the last day by -225 thousand shares and in total, 536 thousand shares were bought and sold for approximately JP¥1.32 billion. 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 lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,454.18 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.79% during the next 3 months and, with a 90% probability hold a price between JP¥2,596.17 and JP¥2,819.62 at the end of this 3-month period.
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3116.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 1.55%. 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. The TOYOTA BOSHOKU CORPORATION 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 JP¥2,519.43 and JP¥2,486.70. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TOYOTA BOSHOKU CORPORATION stock
TOYOTA BOSHOKU CORPORATION finds support from accumulated volume at JP¥2,453.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥58.00 (2.38%) between high and low. For the last week, the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: JP¥2,327.72 (-5.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (3116.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect TOYOTA BOSHOKU CORPORATION to open at JP¥2,464.33, and during the day (based on 14 day Average True Range), to move between JP¥2,405.20 and JP¥2,520.80, which gives a possible trading interval of +/-JP¥57.80 (+/-2.35%) up or down from last closing price. If TOYOTA BOSHOKU CORPORATION takes out the full calculated possible swing range there will be an estimated 4.69% 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¥2,464.50 (0.06%) than the support at JP¥2,453.50 (0.39%), 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.
Earnings coming up
TOYOTA BOSHOKU CORPORATION will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $77.54. We will update the financials statements for TOYOTA BOSHOKU CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.74% in the first trading day after earnings release.
Is TOYOTA BOSHOKU CORPORATION stock A Buy?
TOYOTA BOSHOKU CORPORATION 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.
Current score: 0.884 Hold/Accumulate Unchanged
Predicted Opening Price for TOYOTA BOSHOKU CORPORATION of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| JP¥2,464.33 ( 0.0541%) | JP¥2,463.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3116.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,522.33 | 2.41 % | |
| R2 | 2,500.18 | 1.51 % | ||
| R1 | 2,486.49 | 0.95 % | ||
| Current price: | 2,463.00 | |||
| Support | S1 | 2,442.18 | -0.85 % | |
| S2 | 2,428.49 | -1.40 % | ||
| S3 | 2,406.33 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,548.00 | 3.45 % | |
| R2 | 2,541.00 | 3.17 % | ||
| R1 | 2,464.50 | 0.0609 % | ||
| Current price | 2,463.00 | |||
| Support | S1 | 2,453.50 | -0.386% | |
| S2 | 2,387.00 | -3.09% | ||
| S3 | 2,325.50 | -5.58% |
3116 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 1.67% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥35.00 | 1.89% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥32.00 | 1.57% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥32.00 | 1.58% |
FAQ
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