TAOKA CHEMICAL COMPANY,LIMITED Stock Forecast
Red day on Thursday for TAOKA CHEMICAL COMPANY,LIMITED
(Updated on Mar 28, 2024)
The TAOKA CHEMICAL COMPANY,LIMITED stock price fell by -2.99% on the last day (Thursday, 28th Mar 2024) from JP¥836.00 to JP¥811.00. During the last trading day the stock fluctuated 3.58% from a day low at JP¥811.00 to a day high of JP¥840.00. The price has risen in 6 of the last 10 days and is up by 2.01% over the past 2 weeks. Volume has increased on the last day by 18 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 36 thousand shares were bought and sold for approximately JP¥29.28 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.14% during the next 3 months and, with a 90% probability hold a price between JP¥901.90 and JP¥975.12 at the end of this 3-month period.
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4113.T Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -4.02%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The TAOKA CHEMICAL COMPANY,LIMITED stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥834.86. On a fall, the stock will find some support from the long-term average at approximately JP¥788.74. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for TAOKA CHEMICAL COMPANY,LIMITED stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥764.00 and JP¥748.00. 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, TAOKA CHEMICAL COMPANY,LIMITED finds support just below today's level at JP¥764.00. If this is broken, then the next support from accumulated volume will be at JP¥748.00 and JP¥738.00.
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¥29.00 (3.58%) between high and low. For the last week, the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: JP¥778.50 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (4113.T) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect TAOKA CHEMICAL COMPANY,LIMITED to open at JP¥820.67, and during the day (based on 14 day Average True Range), to move between JP¥792.95 and JP¥829.05, which gives a possible trading interval of +/-JP¥18.05 (+/-2.23%) up or down from last closing price. If TAOKA CHEMICAL COMPANY,LIMITED takes out the full calculated possible swing range there will be an estimated 4.45% 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¥820.00 (1.11%) than the support at JP¥764.00 (5.80%), 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 TAOKA CHEMICAL COMPANY,LIMITED stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.000 Buy Candidate Unchanged
Predicted Opening Price for TAOKA CHEMICAL COMPANY,LIMITED of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
JP¥820.67 ( 1.19%) | JP¥811.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4113.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 849.67 | 4.77 % | |
R2 | 838.59 | 3.40 % | ||
R1 | 831.74 | 2.56 % | ||
Current price: | 811.00 | |||
Support | S1 | 809.59 | -0.174 % | |
S2 | 802.74 | -1.02 % | ||
S3 | 791.67 | -2.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 845.00 | 4.19 % | |
R2 | 838.00 | 3.33 % | ||
R1 | 820.00 | 1.11 % | ||
Current price | 811.00 | |||
Support | S1 | 764.00 | -5.80% | |
S2 | 748.00 | -7.77% | ||
S3 | 738.00 | -9.00% |
4113 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥9.00 | 1.12% |
3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥18.00 | 2.15% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥18.00 | 1.59% |
5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥18.00 | 0.717% |
FAQ
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