TSUMURA & CO. Stock Forecast
Red day on Thursday for TSUMURA & CO.
(Updated on May 02, 2024)
The TSUMURA & CO. stock price fell by -1.19% on the last day (Thursday, 2nd May 2024) from JP¥3,785.00 to JP¥3,740.00. During the last trading day the stock fluctuated 2.79% from a day low at JP¥3,721.00 to a day high of JP¥3,825.00. The price has fallen in 7 of the last 10 days and is down by -3.61% 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 -63 thousand shares and in total, 244 thousand shares were bought and sold for approximately JP¥911.06 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥3,719.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 43.18% during the next 3 months and, with a 90% probability hold a price between JP¥5,326.29 and JP¥6,683.87 at the end of this 3-month period.
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4540.T Signals & Forecast
There are few to no technical positive signals at the moment. The TSUMURA & CO. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥3,759.43 and JP¥3,819.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -6.50%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, May 12, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, May 12, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for TSUMURA & CO. stock
TSUMURA & CO. finds support from accumulated volume at JP¥3,728.00 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¥104.00 (2.79%) between high and low. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4540.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect TSUMURA & CO. to open at JP¥3,762.00, and during the day (based on 14 day Average True Range), to move between JP¥3,640.57 and JP¥3,839.43, which gives a possible trading interval of +/-JP¥99.43 (+/-2.66%) up or down from last closing price. If TSUMURA & CO. takes out the full calculated possible swing range there will be an estimated 5.32% 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¥3,728.00 (0.32%) than the resistance at JP¥3,755.00 (0.40%), 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
TSUMURA & CO. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $5.91. We will update the financials statements for TSUMURA & CO., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.81% in the first trading day after earnings release.
Is TSUMURA & CO. stock A Buy?
The TSUMURA & CO. stock holds several negative signals and despite the positive trend, we believe TSUMURA & CO. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.849 Sell Candidate Unchanged
Predicted Opening Price for TSUMURA & CO. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥3,762.00 ( 0.588%) | JP¥3,740.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4540.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,866.00 | 3.37 % | |
| R2 | 3,826.27 | 2.31 % | ||
| R1 | 3,801.73 | 1.65 % | ||
| Current price: | 3,740.00 | |||
| Support | S1 | 3,722.27 | -0.474 % | |
| S2 | 3,697.73 | -1.13 % | ||
| S3 | 3,658.00 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,000.00 | 6.95 % | |
| R2 | 3,777.00 | 0.99 % | ||
| R1 | 3,755.00 | 0.401 % | ||
| Current price | 3,740.00 | |||
| Support | S1 | 3,728.00 | -0.321% | |
| S2 | 3,543.00 | -5.27% | ||
| S3 | 3,266.00 | -12.67% |
4540 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥32.00 | 1.22% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥32.00 | 1.03% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥32.00 | 0.96% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥32.00 | 0.89% |
FAQ
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