Toabo Corporation Stock Forecast
Toabo Corporation stock price up 0.694% on Thursday
(Updated on May 02, 2024)
The Toabo Corporation stock price gained 0.694% on the last trading day (Thursday, 2nd May 2024), rising from JP¥432.00 to JP¥435.00. During the last trading day the stock fluctuated 0.693% from a day low at JP¥433.00 to a day high of JP¥436.00. The price has risen in 6 of the last 10 days and is up by 1.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately JP¥5.44 million.
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¥427.80 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 3.48% during the next 3 months and, with a 90% probability hold a price between JP¥442.71 and JP¥481.10 at the end of this 3-month period.
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3204.T Signals & Forecast
The Toabo Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥437.43 and JP¥444.31. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.694%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Toabo Corporation stock
Toabo Corporation finds support from accumulated volume at JP¥434.00 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 0.693%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: JP¥409.44 (-5.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (3204.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Toabo Corporation to open at JP¥434.67, and during the day (based on 14 day Average True Range), to move between JP¥428.11 and JP¥441.89, which gives a possible trading interval of +/-JP¥6.89 (+/-1.58%) up or down from last closing price. If Toabo Corporation takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥434.00 (0.23%) than the resistance at JP¥438.00 (0.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Toabo Corporation will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Toabo Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.06% in the first trading day after earnings release.
Is Toabo Corporation stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.052 Buy Candidate Unchanged
Predicted Opening Price for Toabo Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥434.67 ( 0.0766%) | JP¥435.00 |
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 | 437.67 | 0.613 % | |
| R2 | 436.52 | 0.350 % | ||
| R1 | 435.81 | 0.187 % | ||
| Current price: | 435.00 | |||
| Support | S1 | 433.52 | -0.340 % | |
| S2 | 432.81 | -0.503 % | ||
| S3 | 431.67 | -0.766 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 458.00 | 5.29 % | |
| R2 | 446.00 | 2.53 % | ||
| R1 | 438.00 | 0.690 % | ||
| Current price | 435.00 | |||
| Support | S1 | 434.00 | -0.230% | |
| S2 | 421.00 | -3.22% | ||
| S3 | 414.00 | -4.83% |
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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