TOKYO OHKA KOGYO CO.,LTD. Stock Forecast
Green day on Tuesday for TOKYO OHKA KOGYO CO.,LTD.
(Updated on May 07, 2024)
The TOKYO OHKA KOGYO CO.,LTD. stock price gained 2.93% on the last trading day (Tuesday, 7th May 2024), rising from JP¥4,163.00 to JP¥4,285.00. During the last trading day the stock fluctuated 1.77% from a day low at JP¥4,229.00 to a day high of JP¥4,304.00. The price has fallen in 6 of the last 10 days and is down by -2.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 430 thousand more shares were traded than the day before. In total, 670 thousand shares were bought and sold for approximately JP¥2.87 billion.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TOKYO OHKA KOGYO CO.,LTD. stock with a 90% probability to be traded between JP¥3,546.05 and JP¥4,728.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4186.T Signals & Forecast
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. The TOKYO OHKA KOGYO CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥4,325.97. On a fall, the stock will find some support from the short-term average at JP¥4,190.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -9.00%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for TOKYO OHKA KOGYO CO.,LTD. stock
TOKYO OHKA KOGYO CO.,LTD. finds support from accumulated volume at JP¥4,141.00 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¥75.00 (1.77%) between high and low. For the last week, the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4186.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect TOKYO OHKA KOGYO CO.,LTD. to open at JP¥4,272.67, and during the day (based on 14 day Average True Range), to move between JP¥4,141.97 and JP¥4,428.03, which gives a possible trading interval of +/-JP¥143.03 (+/-3.34%) up or down from last closing price. If TOKYO OHKA KOGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.68% 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¥4,378.00 (2.17%) than the support at JP¥4,141.00 (3.36%), 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.
Earnings coming up
TOKYO OHKA KOGYO CO.,LTD. will release earnings BMO on Monday, May 13, 2024.The consensus among the analysts for the expected earnings (EPS) is $36.02. We will update the financials statements for TOKYO OHKA KOGYO CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.73% in the first trading day after earnings release.
Is TOKYO OHKA KOGYO CO.,LTD. stock A Buy?
TOKYO OHKA KOGYO CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.492 Sell Candidate Unchanged
Predicted Opening Price for TOKYO OHKA KOGYO CO.,LTD. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥4,272.67 ( 0.288%) | JP¥4,285.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4186.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,347.67 | 1.46 % | |
| R2 | 4,319.02 | 0.794 % | ||
| R1 | 4,301.32 | 0.381 % | ||
| Current price: | 4,285.00 | |||
| Support | S1 | 4,244.02 | -0.96 % | |
| S2 | 4,226.32 | -1.37 % | ||
| S3 | 4,197.67 | -2.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,500.00 | 5.02 % | |
| R2 | 4,439.00 | 3.59 % | ||
| R1 | 4,378.00 | 2.17 % | ||
| Current price | 4,285.00 | |||
| Support | S1 | 4,141.00 | -3.36% | |
| S2 | 4,140.00 | -3.38% | ||
| S3 | 4,051.00 | -5.46% |
4186 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥82.00 | 2.76% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥82.00 | 4.11% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥78.00 | 3.47% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥94.00 | 4.13% |
FAQ
Click here for our free guide on how to buy TOKYO OHKA KOGYO CO.,LTD. Stock.
