TOSOH CORPORATION Stock Forecast
TOSOH CORPORATION stock price ended at JP¥2,099.00 on Tuesday, after gaining 1.11%.
(Updated on Jun 25, 2024)
The TOSOH CORPORATION stock price gained 1.11% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥2,076.00 to JP¥2,099.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.98% from a day low at JP¥2,085.50 to a day high of JP¥2,106.00. The price has risen in 6 of the last 10 days but is still down by -0.71% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 258 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately JP¥2.37 billion.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥2,095.02, a level that may pose a second chance to hit a runner. According to fan-theory JP¥2,318.18 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4042.T Signals & Forecast
The TOSOH 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¥2,063.93 and JP¥2,036.34. 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). 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 Tuesday, June 11, 2024, and so far it has fallen -0.710%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for TOSOH CORPORATION stock
TOSOH CORPORATION finds support from accumulated volume at JP¥2,041.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥20.50 (0.98%) between high and low. For the last week, the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: JP¥2,019.37 (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (4042.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect TOSOH CORPORATION to open at JP¥2,096.83, and during the day (based on 14 day Average True Range), to move between JP¥2,061.29 and JP¥2,136.71, which gives a possible trading interval of +/-JP¥37.71 (+/-1.80%) up or down from last closing price. If TOSOH CORPORATION takes out the full calculated possible swing range there will be an estimated 3.59% 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¥2,100.00 (0.05%) than the support at JP¥2,041.00 (2.76%), 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 TOSOH CORPORATION stock A Buy?
TOSOH CORPORATION holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.254 Hold/Accumulate Unchanged
Predicted Opening Price for TOSOH CORPORATION of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥2,096.83 ( 0.103%) | JP¥2,099.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4042.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,117.33 | 0.87% |
| R2 | 2,109.50 | 0.500% |
| R1 | 2,104.66 | 0.270% |
| Price | 2,099.00 | |
| S1 | 2,089.00 | -0.476% |
| S2 | 2,084.16 | -0.707% |
| S3 | 2,076.33 | -1.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,167.00 | 3.24% |
| R2 | 2,150.00 | 2.43% |
| R1 | 2,100.00 | 0.0476% |
| Price | 2,099.00 | |
| S1 | 2,041.00 | -2.76% |
| S2 | 1,980.50 | -5.65% |
| S3 | 1,949.50 | -7.12% |
4042 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 | May 31, 2024 | JP¥45.00 | 2.26% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥40.00 | 2.05% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 2.23% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 2.49% |
FAQ
Click here for our free guide on how to buy TOSOH CORPORATION Stock.
