Tobila Systems Inc. Stock Forecast
Tobila Systems Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Tobila Systems Inc. stock price fell by -0.380% on the last day (Wednesday, 24th Apr 2024) from JP¥790.00 to JP¥787.00. During the last trading day the stock fluctuated 1.02% from a day low at JP¥785.00 to a day high of JP¥793.00. The price has fallen in 7 of the last 10 days and is down by -2.96% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 14 thousand shares were bought and sold for approximately JP¥10.62 million.
The stock lies in the middle of a 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 -12.69% during the next 3 months and, with a 90% probability hold a price between JP¥659.49 and JP¥708.61 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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4441.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.88%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tobila Systems Inc. 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¥804.09. On a fall, the stock will find some support from the short-term average at JP¥776.14. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Tobila Systems Inc. stock
Tobila Systems Inc. finds support from accumulated volume at JP¥774.00 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¥8.00 (1.02%) between high and low. For the last week, the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: JP¥745.78 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (4441.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Tobila Systems Inc. to open at JP¥788.33, and during the day (based on 14 day Average True Range), to move between JP¥770.38 and JP¥803.62, which gives a possible trading interval of +/-JP¥16.62 (+/-2.11%) up or down from last closing price. If Tobila Systems Inc. takes out the full calculated possible swing range there will be an estimated 4.22% 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¥797.00 (1.27%) than the support at JP¥774.00 (1.65%), 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 Tobila Systems Inc. stock A Buy?
Tobila Systems Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.895 Hold/Accumulate Upgraded
Predicted Opening Price for Tobila Systems Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥788.33 ( 0.169%) | JP¥787.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4441.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 796.33 | 1.19 % | |
| R2 | 793.28 | 0.798 % | ||
| R1 | 791.39 | 0.558 % | ||
| Current price: | 787.00 | |||
| Support | S1 | 785.28 | -0.219 % | |
| S2 | 783.39 | -0.459 % | ||
| S3 | 780.33 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 887.00 | 12.71 % | |
| R2 | 812.00 | 3.18 % | ||
| R1 | 797.00 | 1.27 % | ||
| Current price | 787.00 | |||
| Support | S1 | 774.00 | -1.65% | |
| S2 | 770.00 | -2.16% | ||
| S3 | 766.00 | -2.67% |
4441 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 30, 2024 | Oct 30, 2024 | Oct 30, 2024 | JP¥0 | 0% |
| 2 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥10.60 | 1.07% |
| 3 | Oct 28, 2021 | Oct 28, 2021 | Oct 28, 2021 | JP¥11.70 | 1.02% |
| 4 | Oct 29, 2020 | Oct 29, 2020 | Oct 29, 2020 | JP¥10.60 | 0.651% |
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