Tenpo Innovation CO.,LTD. Stock Forecast
Tenpo Innovation CO.,LTD. stock price down 0% on Monday
(Updated on May 13, 2024)
No changes to the price of Tenpo Innovation CO.,LTD. stock on the last trading day (Monday, 13th May 2024). During the last trading day the stock fluctuated 1.66% from a day low at JP¥906.00 to a day high of JP¥921.00. The price has fallen in 4 of the last 10 days and is down by -0.11% for this period.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tenpo Innovation CO.,LTD. stock with a 90% probability to be traded between JP¥878.37 and JP¥950.01 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.
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3484.T Signals & Forecast
There are mixed signals in the stock today. The Tenpo Innovation CO.,LTD. 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¥913.43 and JP¥925.40. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.34%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Support, Risk & Stop-loss for Tenpo Innovation CO.,LTD. stock
Tenpo Innovation CO.,LTD. finds support from accumulated volume at JP¥908.00 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¥15.00 between high and low, or 1.66%. For the last week the stock has had daily average volatility of 0.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3484.T) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Tenpo Innovation CO.,LTD. to open at JP¥912.33, and during the day (based on 14 day Average True Range), to move between JP¥898.43 and JP¥921.57, which gives a possible trading interval of +/-JP¥11.57 (+/-1.27%) up or down from last closing price. If Tenpo Innovation CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.54% 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¥908.00 (0.22%) than the resistance at JP¥917.00 (0.77%), 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
Tenpo Innovation CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Tenpo Innovation CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.10% in the first trading day after earnings release.
Is Tenpo Innovation CO.,LTD. stock A Buy?
Tenpo Innovation CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.022 Sell Candidate Unchanged
Predicted Opening Price for Tenpo Innovation CO.,LTD. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| JP¥912.33 ( 0.256%) | JP¥910.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3484.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 927.33 | 1.90 % | |
| R2 | 921.60 | 1.28 % | ||
| R1 | 918.06 | 0.89 % | ||
| Current price: | 910.00 | |||
| Support | S1 | 906.60 | -0.373 % | |
| S2 | 903.06 | -0.762 % | ||
| S3 | 897.33 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 976.00 | 7.25 % | |
| R2 | 919.00 | 0.99 % | ||
| R1 | 917.00 | 0.769 % | ||
| Current price | 910.00 | |||
| Support | S1 | 908.00 | -0.220% | |
| S2 | 902.00 | -0.88% | ||
| S3 | 898.00 | -1.32% |
3484 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥16.00 | 1.40% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥12.00 | 1.38% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥9.00 | 0.99% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥9.00 | 1.37% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥7.00 | 0.88% |
FAQ
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