Tokai Senko K.K. Stock Forecast
Weaker technical forecast for Tokai Senko K.K. as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Tokai Senko K.K. stock price fell by -0.240% on the last day (Tuesday, 25th Jun 2024) from JP¥835.00 to JP¥833.00. During the last trading day the stock fluctuated 0.602% from a day low at JP¥831.00 to a day high of JP¥836.00. The price has fallen in 4 of the last 10 days and is down by -0.12% 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 -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately JP¥1.33 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.26% during the next 3 months and, with a 90% probability hold a price between JP¥836.46 and JP¥878.64 at the end of this 3-month period.
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3577.T Signals & Forecast
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. The Tokai Senko K.K. 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¥837.46. On a fall, the stock will find some support from the short-term average at JP¥832.57. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -2.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Tokai Senko K.K. stock
Tokai Senko K.K. finds support from accumulated volume at JP¥823.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved JP¥5.00 between high and low, or 0.602%. For the last week the stock has had daily average volatility of 0.578%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3577.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Tokai Senko K.K. to open at JP¥833.33, and during the day (based on 14 day Average True Range), to move between JP¥826.30 and JP¥839.70, which gives a possible trading interval of +/-JP¥6.70 (+/-0.80%) up or down from last closing price. If Tokai Senko K.K. takes out the full calculated possible swing range there will be an estimated 1.61% 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¥835.00 (0.24%) than the support at JP¥823.00 (1.20%), 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 Tokai Senko K.K. stock A Buy?
Tokai Senko K.K. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.056 Sell Candidate Downgraded
Predicted Opening Price for Tokai Senko K.K. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥833.33 ( 0.0400%) | JP¥833.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3577.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 838.33 | 0.640% |
| R2 | 836.42 | 0.411% |
| R1 | 835.24 | 0.269% |
| Price | 833.00 | |
| S1 | 831.42 | -0.189% |
| S2 | 830.24 | -0.331% |
| S3 | 828.33 | -0.560% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 847.00 | 1.68% |
| R2 | 840.00 | 0.84% |
| R1 | 835.00 | 0.240% |
| Price | 833.00 | |
| S1 | 823.00 | -1.20% |
| S2 | 822.00 | -1.32% |
| S3 | 807.00 | -3.12% |
3577 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥10.00 | 1.19% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.77% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 1.74% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥20.00 | 1.76% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥20.00 | 1.80% |
FAQ
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