Titan Kogyo Kabushiki Kaisha Stock Forecast
Green day on Thursday for Titan Kogyo Kabushiki Kaisha
(Updated on Jun 27, 2024)
The Titan Kogyo Kabushiki Kaisha stock price gained 0.682% on the last trading day (Thursday, 27th Jun 2024), rising from JP¥1,026.00 to JP¥1,033.00. It has now gained 5 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 1.47% from a day low at JP¥1,018.00 to a day high of JP¥1,033.00. The price has risen in 7 of the last 10 days and is up by 3.3% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately JP¥3.93 million.
The stockhas broken the narrow 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¥1,017.74, a level that may pose a second chance to hit a runner. According to fan-theory JP¥1,064.05 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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4098.T Signals & Forecast
The Titan Kogyo Kabushiki Kaisha stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,016.57 and JP¥1,017.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 3.30%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Titan Kogyo Kabushiki Kaisha stock
Titan Kogyo Kabushiki Kaisha finds support from accumulated volume at JP¥1,025.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥15.00 between high and low, or 1.47%. For the last week the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: JP¥979.57 (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (4098.T) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Titan Kogyo Kabushiki Kaisha to open at JP¥1,028.00, and during the day (based on 14 day Average True Range), to move between JP¥1,022.66 and JP¥1,043.34, which gives a possible trading interval of +/-JP¥10.34 (+/-1.00%) up or down from last closing price. If Titan Kogyo Kabushiki Kaisha takes out the full calculated possible swing range there will be an estimated 2.00% 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¥1,036.00 (0.29%) than the support at JP¥1,025.00 (0.77%), 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 Titan Kogyo Kabushiki Kaisha stock A Buy?
Titan Kogyo Kabushiki Kaisha 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: 0.379 Hold/Accumulate Unchanged
Predicted Opening Price for Titan Kogyo Kabushiki Kaisha of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
JP¥1,028.00 ( 0.484%) | JP¥1,033.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4098.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,043.00 | 0.97% |
R2 | 1,037.27 | 0.413% |
R1 | 1,033.73 | 0.0707% |
Price | 1,033.00 | |
S1 | 1,022.27 | -1.04% |
S2 | 1,018.73 | -1.38% |
S3 | 1,013.00 | -1.94% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,067.00 | 3.29% |
R2 | 1,040.00 | 0.678% |
R1 | 1,036.00 | 0.290% |
Price | 1,033.00 | |
S1 | 1,025.00 | -0.774% |
S2 | 1,006.00 | -2.61% |
S3 | 1,000.00 | -3.19% |
4098 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
2 | Mar 28, 2024 | Mar 28, 2024 | Jun 27, 2024 | JP¥10.00 | 0.97% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥20.00 | 1.34% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥18.00 | 0.97% |
5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥10.00 | 0.495% |
FAQ
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