Toabo Corporation Stock Forecast
Toabo Corporation stock price ended at JP¥444.00 on Thursday, after gaining 0.226%.
(Updated on Apr 25, 2024)
The Toabo Corporation stock price gained 0.226% on the last trading day (Thursday, 25th Apr 2024), rising from JP¥443.00 to JP¥444.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.679% from a day low at JP¥442.00 to a day high of JP¥445.00. The price has risen in 7 of the last 10 days and is up by 0.23% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 16 thousand shares were bought and sold for approximately JP¥7.06 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 weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.33% during the next 3 months and, with a 90% probability hold a price between JP¥453.26 and JP¥491.38 at the end of this 3-month period.
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3204.T Signals & Forecast
There are mixed signals in the stock today. The Toabo Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥445.63. On a fall, the stock will find some support from the short-term average at JP¥436.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.74%. 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.
Support, Risk & Stop-loss for Toabo Corporation stock
Toabo Corporation finds support from accumulated volume at JP¥429.00 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¥3.00 between high and low, or 0.679%. For the last week the stock has had daily average volatility of 1.15%.
Our recommended stop-loss: JP¥424.14 (-4.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (3204.T) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Toabo Corporation to open at JP¥443.67, and during the day (based on 14 day Average True Range), to move between JP¥437.05 and JP¥450.95, which gives a possible trading interval of +/-JP¥6.95 (+/-1.57%) up or down from last closing price. If Toabo Corporation takes out the full calculated possible swing range there will be an estimated 3.13% 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¥446.00 (0.45%) than the support at JP¥429.00 (3.38%), 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 Toabo Corporation stock A Buy?
Toabo 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.
Current score: 0.031 Hold/Accumulate Unchanged
Predicted Opening Price for Toabo Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| JP¥443.67 ( 0.0751%) | JP¥444.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3204.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 446.67 | 0.601 % | |
| R2 | 445.52 | 0.342 % | ||
| R1 | 444.81 | 0.183 % | ||
| Current price: | 444.00 | |||
| Support | S1 | 442.52 | -0.333 % | |
| S2 | 441.81 | -0.493 % | ||
| S3 | 440.67 | -0.751 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 458.00 | 3.15 % | |
| R2 | 455.00 | 2.48 % | ||
| R1 | 446.00 | 0.450 % | ||
| Current price | 444.00 | |||
| Support | S1 | 429.00 | -3.38% | |
| S2 | 421.00 | -5.18% | ||
| S3 | 414.00 | -6.76% |
3204 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥11.00 | 3.10% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥5.00 | 1.18% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥10.00 | 2.11% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥20.00 | 3.57% |
FAQ
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