Takemoto Yohki Co.,Ltd. Stock Forecast
Green day on Wednesday for Takemoto Yohki Co.,Ltd. stock after gaining 0.588%
(Updated on Jul 03, 2024)
The Takemoto Yohki Co.,Ltd. stock price gained 0.588% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥850.00 to JP¥855.00. During the last trading day the stock fluctuated 0.94% from a day low at JP¥850.00 to a day high of JP¥858.00. The price has risen in 5 of the last 10 days but is still down by -0.81% for this period. Volume fell on the last day by -1 thousand shares and in total, 15 thousand shares were bought and sold for approximately JP¥12.91 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak 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 9.06% during the next 3 months and, with a 90% probability hold a price between JP¥920.38 and JP¥976.45 at the end of this 3-month period.
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4248.T Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Takemoto Yohki 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¥859.66. On a fall, the stock will find some support from the short-term average at JP¥853.14. 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 Wednesday, June 12, 2024, and so far it has fallen -2.51%. 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).
Support, Risk & Stop-loss for Takemoto Yohki Co.,Ltd. stock
Takemoto Yohki Co.,Ltd. finds support from accumulated volume at JP¥846.00 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¥8.00 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 0.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4248.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Takemoto Yohki Co.,Ltd. to open at JP¥854.33, and during the day (based on 14 day Average True Range), to move between JP¥846.05 and JP¥863.95, which gives a possible trading interval of +/-JP¥8.95 (+/-1.05%) up or down from last closing price. If Takemoto Yohki Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 2.09% 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¥858.00 (0.35%) than the support at JP¥846.00 (1.05%), 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 Takemoto Yohki Co.,Ltd. stock A Buy?
The Takemoto Yohki Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Takemoto Yohki Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.646 Sell Candidate Unchanged
Predicted Opening Price for Takemoto Yohki Co.,Ltd. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥854.33 ( 0.0780%) | JP¥855.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4248.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 862.33 | 0.86% |
| R2 | 859.28 | 0.500% |
| R1 | 857.39 | 0.279% |
| Price | 855.00 | |
| S1 | 851.28 | -0.435% |
| S2 | 849.39 | -0.656% |
| S3 | 846.33 | -1.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 864.00 | 1.05% |
| R2 | 863.00 | 0.94% |
| R1 | 858.00 | 0.351% |
| Price | 855.00 | |
| S1 | 846.00 | -1.05% |
| S2 | 843.00 | -1.40% |
| S3 | 802.00 | -6.20% |
4248 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥18.00 | 2.11% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Mar 27, 2024 | JP¥18.00 | 2.28% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥18.00 | 2.16% |
| 5 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥18.00 | 2.43% |
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