Tri Chemical Laboratories Inc. Stock Forecast
Tri Chemical Laboratories Inc. stock price ended at JP¥4,460.00 on Monday, after gaining 0.450%.
(Updated on May 27, 2024)
The Tri Chemical Laboratories Inc. stock price gained 0.450% on the last trading day (Monday, 27th May 2024), rising from JP¥4,440.00 to JP¥4,460.00. During the last trading day the stock fluctuated 3.20% from a day low at JP¥4,370.00 to a day high of JP¥4,510.00. The price has been going up and down for this period, and there has been a 0.79% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 63 thousand more shares were traded than the day before. In total, 227 thousand shares were bought and sold for approximately JP¥1.01 billion.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.67% during the next 3 months and, with a 90% probability hold a price between JP¥3,312.46 and JP¥4,132.70 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4369.T Signals & Forecast
The Tri Chemical Laboratories Inc. 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¥4,400.00 and JP¥4,387.57. 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). 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.557%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Tri Chemical Laboratories Inc. stock
Tri Chemical Laboratories Inc. finds support from accumulated volume at JP¥4,435.00 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¥140.00 (3.20%) between high and low. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: JP¥4,279.32 (-4.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (4369.T) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Tri Chemical Laboratories Inc. to open at JP¥4,446.67, and during the day (based on 14 day Average True Range), to move between JP¥4,305.79 and JP¥4,614.21, which gives a possible trading interval of +/-JP¥154.21 (+/-3.46%) up or down from last closing price. If Tri Chemical Laboratories Inc. takes out the full calculated possible swing range there will be an estimated 6.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥4,435.00 (0.56%) than the resistance at JP¥4,525.00 (1.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Tri Chemical Laboratories Inc. will release earnings BMO on Friday, May 31, 2024.The consensus among the analysts for the expected earnings (EPS) is $34.20. We will update the financials statements for Tri Chemical Laboratories Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.37% in the first trading day after earnings release.
Is Tri Chemical Laboratories Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.593 Buy Candidate Unchanged
Predicted Opening Price for Tri Chemical Laboratories Inc. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| JP¥4,446.67 ( 0.299%) | JP¥4,460.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4369.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,586.67 | 2.84 % | |
| R2 | 4,533.19 | 1.64 % | ||
| R1 | 4,500.15 | 0.90 % | ||
| Current price: | 4,460.00 | |||
| Support | S1 | 4,393.19 | -1.50 % | |
| S2 | 4,360.15 | -2.24 % | ||
| S3 | 4,306.67 | -3.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,000.00 | 12.11 % | |
| R2 | 4,930.00 | 10.54 % | ||
| R1 | 4,525.00 | 1.46 % | ||
| Current price | 4,460.00 | |||
| Support | S1 | 4,435.00 | -0.561% | |
| S2 | 4,395.00 | -1.46% | ||
| S3 | 3,975.00 | -10.87% |
4369 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2025 | Jan 30, 2025 | Jan 30, 2025 | JP¥0 | 0% |
| 2 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥30.00 | 1.28% |
| 3 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥20.00 | 0.687% |
| 4 | Jan 28, 2021 | Jan 28, 2021 | Jan 28, 2021 | JP¥14.50 | 0.331% |
| 5 | Jan 30, 2020 | Jan 30, 2020 | Jan 30, 2020 | JP¥14.50 | 0.563% |
FAQ
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