Tokuyama Corporation Stock Forecast

Red day on Wednesday for Tokuyama Corporation stock after losing 0.82%
(Updated on May 08, 2024)

4043.T Signals & Forecast

The Tokuyama 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¥3,082.07 and JP¥2,819.30. 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 Tuesday, April 30, 2024, and so far it has fallen -3.99%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, December 21, 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 Tokuyama Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,926.50 and JP¥2,853.00. 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, Tokuyama Corporation finds support just below today's level at JP¥2,926.50. If this is broken, then the next support from accumulated volume will be at JP¥2,853.00 and JP¥2,829.50.

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¥62.00 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 3.57%.

Our recommended stop-loss: JP¥3,004.92 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (4043.T) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Tokuyama Corporation to open at JP¥3,123.33, and during the day (based on 14 day Average True Range), to move between JP¥3,033.79 and JP¥3,226.21, which gives a possible trading interval of +/-JP¥96.21 (+/-3.07%) up or down from last closing price. If Tokuyama Corporation takes out the full calculated possible swing range there will be an estimated 6.15% 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¥3,152.00 (0.70%) than the support at JP¥2,926.50 (6.50%), 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 Tokuyama Corporation 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 Tokuyama Corporation stock to perform well in the short-term.

Current score: 2.666 Buy Candidate Unchanged

Predicted Opening Price for Tokuyama Corporation of Thursday, May 9, 2024

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