Toell Co.,Ltd. Stock Forecast
Toell Co.,Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Toell Co.,Ltd. stock price gained 1.01% on the last trading day (Friday, 17th May 2024), rising from JP¥796.00 to JP¥804.00. During the last trading day the stock fluctuated 1.64% from a day low at JP¥791.00 to a day high of JP¥804.00. The price has risen in 8 of the last 10 days and is up by 4.82% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 13 thousand shares were bought and sold for approximately JP¥10.61 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Toell Co.,Ltd. stock with a 90% probability to be traded between JP¥744.45 and JP¥837.31 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3361.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 5.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Toell Co.,Ltd. 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¥808.11. On a fall, the stock will find some support from the short-term average at JP¥790.00. 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.
Support, Risk & Stop-loss for Toell Co.,Ltd. stock
Toell Co.,Ltd. finds support from accumulated volume at JP¥801.00 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¥13.00 (1.64%) between high and low. For the last week, the stock has had daily average volatility of 1.02%.
Our recommended stop-loss: JP¥767.72 (-4.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (3361.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Toell Co.,Ltd. to open at JP¥799.67, and during the day (based on 14 day Average True Range), to move between JP¥792.52 and JP¥815.48, which gives a possible trading interval of +/-JP¥11.48 (+/-1.43%) up or down from last closing price. If Toell Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.85% 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¥807.00 (0.37%) than the support at JP¥801.00 (0.37%), 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 Toell Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Toell Co.,Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.001 Buy Candidate Upgraded
Predicted Opening Price for Toell Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥799.67 ( 0.539%) | JP¥804.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3361.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 812.67 | 1.08 % | |
| R2 | 807.70 | 0.460 % | ||
| R1 | 804.63 | 0.0787 % | ||
| Current price: | 804.00 | |||
| Support | S1 | 794.70 | -1.16 % | |
| S2 | 791.63 | -1.54 % | ||
| S3 | 786.67 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 825.00 | 2.61 % | |
| R2 | 815.00 | 1.37 % | ||
| R1 | 807.00 | 0.373 % | ||
| Current price | 804.00 | |||
| Support | S1 | 801.00 | -0.373% | |
| S2 | 799.00 | -0.622% | ||
| S3 | 761.00 | -5.35% |
3361 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥20.00 | 2.57% |
| 2 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥20.00 | 2.44% |
| 3 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | JP¥15.00 | 1.82% |
| 4 | Apr 28, 2020 | Apr 28, 2020 | Apr 28, 2020 | JP¥15.00 | 2.22% |
| 5 | Apr 24, 2019 | Apr 24, 2019 | Apr 24, 2019 | JP¥15.00 | 1.89% |
FAQ
Click here for our free guide on how to buy Toell Co.,Ltd. Stock.
