TOKYO BASE Co.,Ltd. Stock Forecast
TOKYO BASE Co.,Ltd. stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on May 15, 2024)
The TOKYO BASE Co.,Ltd. stock price fell by -1.64% on the last day (Wednesday, 15th May 2024) from JP¥305.00 to JP¥300.00. During the last trading day the stock fluctuated 2.33% from a day low at JP¥300.00 to a day high of JP¥307.00. The price has risen in 5 of the last 10 days and is up by 2.39% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -29 thousand shares and in total, 182 thousand shares were bought and sold for approximately JP¥54.57 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.68% during the next 3 months and, with a 90% probability hold a price between JP¥258.79 and JP¥323.46 at the end of this 3-month period.
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3415.T Signals & Forecast
The TOKYO BASE Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥302.14. On a fall, the stock will find some support from the long-term average at approximately JP¥297.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 10.29%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for TOKYO BASE Co.,Ltd. stock
TOKYO BASE Co.,Ltd. finds support from accumulated volume at JP¥297.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥7.00 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: JP¥286.47 (-4.51%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (3415.T) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect TOKYO BASE Co.,Ltd. to open at JP¥302.33, and during the day (based on 14 day Average True Range), to move between JP¥290.52 and JP¥309.48, which gives a possible trading interval of +/-JP¥9.48 (+/-3.16%) up or down from last closing price. If TOKYO BASE Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.32% 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¥297.00 (1.00%) than the resistance at JP¥321.00 (7.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TOKYO BASE Co.,Ltd. stock A Buy?
TOKYO BASE Co.,Ltd. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.983 Hold/Accumulate Downgraded
Predicted Opening Price for TOKYO BASE Co.,Ltd. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| JP¥302.33 ( 0.778%) | JP¥300.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3415.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 309.33 | 3.11 % | |
| R2 | 306.66 | 2.22 % | ||
| R1 | 305.01 | 1.67 % | ||
| Current price: | 300.00 | |||
| Support | S1 | 299.66 | -0.114 % | |
| S2 | 298.01 | -0.664 % | ||
| S3 | 295.33 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 344.00 | 14.67 % | |
| R2 | 343.00 | 14.33 % | ||
| R1 | 321.00 | 7.00 % | ||
| Current price | 300.00 | |||
| Support | S1 | 297.00 | -1.00% | |
| S2 | 295.00 | -1.67% | ||
| S3 | 276.00 | -8.00% |
3415 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2025 | Jan 30, 2025 | Jan 30, 2025 | JP¥0 | 0% |
| 2 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥2.00 | 0.506% |
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