TOMOKU CO.,LTD. Stock Forecast

TOMOKU CO.,LTD. stock upgraded to Buy Candidate.
(Updated on Apr 18, 2024)

3946.T Signals & Forecast

The TOMOKU 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¥2,627.00. On a fall, the stock will find some support from the long-term average at approximately JP¥2,578.43. 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. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -5.06%. 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). The stock had a Golden Star Signal on Friday, April 28, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for TOMOKU CO.,LTD. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,351.00 and JP¥2,280.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TOMOKU CO.,LTD. finds support just below today's level at JP¥2,351.00. If this is broken, then the next support from accumulated volume will be at JP¥2,280.00 and JP¥2,243.00.

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¥79.00 between high and low, or 3.12%. For the last week the stock has had daily average volatility of 2.29%.

Our recommended stop-loss: JP¥2,498.43 (-4.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (3946.T) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect TOMOKU CO.,LTD. to open at JP¥2,583.67, and during the day (based on 14 day Average True Range), to move between JP¥2,555.28 and JP¥2,660.72, which gives a possible trading interval of +/-JP¥52.72 (+/-2.02%) up or down from last closing price. If TOMOKU CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.04% 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¥2,657.00 (1.88%) than the support at JP¥2,351.00 (9.85%), 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 TOMOKU CO.,LTD. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TOMOKU CO.,LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.958 Buy Candidate Upgraded

Predicted Opening Price for TOMOKU CO.,LTD. of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.