TAYCA CORPORATION Stock Forecast
Red day on Friday for TAYCA CORPORATION stock after losing 0%
(Updated on May 17, 2024)
No changes to the price of TAYCA CORPORATION stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 2.85% from a day low at JP¥1,545.00 to a day high of JP¥1,589.00. The price has risen in 5 of the last 10 days and is up by 2.37% over the past 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TAYCA CORPORATION stock with a 90% probability to be traded between JP¥1,360.84 and JP¥1,631.40 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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4027.T Signals & Forecast
The TAYCA CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,553.71 and JP¥1,510.20. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -0.639%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for TAYCA CORPORATION stock
TAYCA CORPORATION finds support from accumulated volume at JP¥1,532.00 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¥44.00 between high and low, or 2.85%. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: JP¥1,499.29 (-3.64%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (4027.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TAYCA CORPORATION to open at JP¥1,563.33, and during the day (based on 14 day Average True Range), to move between JP¥1,518.00 and JP¥1,594.00, which gives a possible trading interval of +/-JP¥38.00 (+/-2.44%) up or down from last closing price. If TAYCA CORPORATION takes out the full calculated possible swing range there will be an estimated 4.88% 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¥1,574.00 (1.16%) than the support at JP¥1,532.00 (1.54%), 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 TAYCA CORPORATION stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for TAYCA CORPORATION stock to perform well in the short-term period.
Current score: 1.081 Buy Candidate Unchanged
Predicted Opening Price for TAYCA CORPORATION of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥1,563.33 ( 0.471%) | JP¥1,556.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4027.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,607.33 | 3.30 % | |
| R2 | 1,590.53 | 2.22 % | ||
| R1 | 1,580.14 | 1.55 % | ||
| Current price: | 1,556.00 | |||
| Support | S1 | 1,546.53 | -0.609 % | |
| S2 | 1,536.14 | -1.28 % | ||
| S3 | 1,519.33 | -2.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,671.00 | 7.39 % | |
| R2 | 1,595.00 | 2.51 % | ||
| R1 | 1,574.00 | 1.16 % | ||
| Current price | 1,556.00 | |||
| Support | S1 | 1,532.00 | -1.54% | |
| S2 | 1,517.00 | -2.51% | ||
| S3 | 1,425.00 | -8.42% |
4027 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥18.00 | 1.54% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥18.00 | 1.46% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥18.00 | 1.37% |
FAQ
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