TOCALO Co.,Ltd. Stock Forecast
TOCALO Co.,Ltd. stock downgraded to Sell Candidate
(Updated on Apr 23, 2024)
The TOCALO Co.,Ltd. stock price fell by -2.24% on the last day (Tuesday, 23rd Apr 2024) from JP¥1,786.00 to JP¥1,746.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.08% from a day low at JP¥1,712.00 to a day high of JP¥1,799.00. The price has fallen in 6 of the last 10 days and is down by -5.52% for this period. 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 -30 thousand shares and in total, 118 thousand shares were bought and sold for approximately JP¥206.20 million.
Given the current short-term trend, the stock is expected to rise 22.59% during the next 3 months and, with a 90% probability hold a price between JP¥2,140.45 and JP¥2,380.98 at the end of this 3-month period.
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3433.T Signals & Forecast
There are few to no technical positive signals at the moment. The TOCALO Co.,Ltd. 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¥1,837.86 and JP¥1,785.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -8.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 TOCALO Co.,Ltd. stock
TOCALO Co.,Ltd. finds support from accumulated volume at JP¥1,710.00 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¥87.00 between high and low, or 5.08%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3433.T) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect TOCALO Co.,Ltd. to open at JP¥1,752.33, and during the day (based on 14 day Average True Range), to move between JP¥1,698.82 and JP¥1,793.18, which gives a possible trading interval of +/-JP¥47.18 (+/-2.70%) up or down from last closing price. If TOCALO Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.40% 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¥1,747.00 (0.06%) than the support at JP¥1,710.00 (2.06%), 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 TOCALO Co.,Ltd. stock A Buy?
The TOCALO Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe TOCALO Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -2.475 Sell Candidate Downgraded
Predicted Opening Price for TOCALO Co.,Ltd. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| JP¥1,752.33 ( 0.363%) | JP¥1,746.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3433.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,839.33 | 5.35 % | |
| R2 | 1,806.10 | 3.44 % | ||
| R1 | 1,785.57 | 2.27 % | ||
| Current price: | 1,746.00 | |||
| Support | S1 | 1,719.10 | -1.54 % | |
| S2 | 1,698.57 | -2.72 % | ||
| S3 | 1,665.33 | -4.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,786.00 | 2.29 % | |
| R2 | 1,750.00 | 0.229 % | ||
| R1 | 1,747.00 | 0.0573 % | ||
| Current price | 1,746.00 | |||
| Support | S1 | 1,710.00 | -2.06% | |
| S2 | 1,667.00 | -4.52% | ||
| S3 | 1,539.00 | -11.86% |
3433 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¥27.50 | 2.15% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥22.50 | 1.88% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥25.00 | 1.85% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥20.00 | 1.45% |
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