TOUMEI CO.,LTD. Stock Forecast
TOUMEI CO.,LTD. stock price up 1.29% on Friday
(Updated on Apr 26, 2024)
The TOUMEI CO.,LTD. stock price gained 1.29% on the last trading day (Friday, 26th Apr 2024), rising from JP¥2,320.00 to JP¥2,350.00. 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 4.86% from a day low at JP¥2,284.00 to a day high of JP¥2,395.00. The price has risen in 7 of the last 10 days and is up by 2.49% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 20 thousand shares were bought and sold for approximately JP¥47.94 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥2,414.12 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.70% during the next 3 months and, with a 90% probability hold a price between JP¥1,918.66 and JP¥2,324.77 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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4439.T Signals & Forecast
The TOUMEI CO.,LTD. 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¥2,190.00 and JP¥2,283.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 17.50%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TOUMEI CO.,LTD. stock
TOUMEI CO.,LTD. finds support from accumulated volume at JP¥2,314.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥111.00 between high and low, or 4.86%. For the last week, the stock has had daily average volatility of 5.08%.
Our recommended stop-loss: JP¥2,269.16 (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (4439.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect TOUMEI CO.,LTD. to open at JP¥2,343.00, and during the day (based on 14 day Average True Range), to move between JP¥2,244.67 and JP¥2,455.33, which gives a possible trading interval of +/-JP¥105.33 (+/-4.48%) up or down from last closing price. If TOUMEI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 8.96% 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¥2,381.00 (1.32%) than the support at JP¥2,314.00 (1.53%), 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 TOUMEI CO.,LTD. stock A Buy?
TOUMEI CO.,LTD. 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: -0.169 Hold/Accumulate Unchanged
Predicted Opening Price for TOUMEI CO.,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥2,343.00 ( 0.298%) | JP¥2,350.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4439.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,454.00 | 4.43 % | |
| R2 | 2,411.60 | 2.62 % | ||
| R1 | 2,385.40 | 1.51 % | ||
| Current price: | 2,350.00 | |||
| Support | S1 | 2,300.60 | -2.10 % | |
| S2 | 2,274.40 | -3.22 % | ||
| S3 | 2,232.00 | -5.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,478.00 | 5.45 % | |
| R2 | 2,436.00 | 3.66 % | ||
| R1 | 2,381.00 | 1.32 % | ||
| Current price | 2,350.00 | |||
| Support | S1 | 2,314.00 | -1.53% | |
| S2 | 2,220.00 | -5.53% | ||
| S3 | 2,024.00 | -13.87% |
4439 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥13.00 | 0.591% |
| 3 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥12.00 | 1.12% |
| 4 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | JP¥11.00 | 0.98% |
| 5 | Aug 28, 2020 | Aug 28, 2020 | Aug 28, 2020 | JP¥10.00 | 0.779% |
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