TOSOH CORPORATION Stock Forecast
TOSOH CORPORATION stock downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The TOSOH CORPORATION stock price fell by -0.757% on the last day (Friday, 28th Jun 2024) from JP¥2,114.00 to JP¥2,098.00. During the last trading day the stock fluctuated 1.60% from a day low at JP¥2,090.50 to a day high of JP¥2,124.00. The price has risen in 6 of the last 10 days but is still down by -0.1% 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 -144 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥2.14 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.80% during the next 3 months and, with a 90% probability hold a price between JP¥1,780.75 and JP¥2,055.38 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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¥2,085.07 and JP¥2,028.10. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 27, 2024, and so far it has fallen -0.757%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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¥33.50 (1.60%) between high and low. For the last week, the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: JP¥2,011.86 (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (4042.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect TOSOH CORPORATION to open at JP¥2,104.17, and during the day (based on 14 day Average True Range), to move between JP¥2,062.65 and JP¥2,133.35, which gives a possible trading interval of +/-JP¥35.35 (+/-1.68%) up or down from last closing price. If TOSOH CORPORATION takes out the full calculated possible swing range there will be an estimated 3.37% 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 (0.10%) than the support at JP¥2,041.00 (2.72%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.803 Hold/Accumulate Downgraded
Predicted Opening Price for TOSOH CORPORATION of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥2,104.17 ( 0.294%) | JP¥2,098.00 |
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 | 2,137.67 | 1.89% |
| R2 | 2,124.87 | 1.28% |
| R1 | 2,116.96 | 0.90% |
| Price | 2,098.00 | |
| S1 | 2,091.37 | -0.316% |
| S2 | 2,083.46 | -0.693% |
| S3 | 2,070.67 | -1.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,150.00 | 2.48% |
| R2 | 2,114.00 | 0.763% |
| R1 | 2,100.00 | 0.0953% |
| Price | 2,098.00 | |
| S1 | 2,041.00 | -2.72% |
| S2 | 1,980.50 | -5.60% |
| S3 | 1,949.50 | -7.08% |
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% |
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