TAIKO PHARMACEUTICAL CO.,LTD. Stock Forecast
Red day on Tuesday for TAIKO PHARMACEUTICAL CO.,LTD.
(Updated on Jul 02, 2024)
No changes to the price of TAIKO PHARMACEUTICAL CO.,LTD. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 1.70% from a day low at JP¥412.00 to a day high of JP¥419.00. The price has been going up and down for this period, and there has been a 4.01% gain for the last 2 weeks.
The stock lies in the middle of a wide and strong 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 13.54% during the next 3 months and, with a 90% probability hold a price between JP¥434.89 and JP¥509.42 at the end of this 3-month period.
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4574.T Signals & Forecast
The TAIKO PHARMACEUTICAL CO.,LTD. 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¥413.29 and JP¥389.11. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -1.19%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Thursday, June 27, 2024 and based on theory for this formation the price should fall by -18.49% to JP¥338.25 within 32 trading days since signal was issued (Wednesday, August 14, 2024).
Support, Risk & Stop-loss for TAIKO PHARMACEUTICAL CO.,LTD. stock
TAIKO PHARMACEUTICAL CO.,LTD. finds support from accumulated volume at JP¥411.00 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¥7.00 between high and low, or 1.70%. For the last week, the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: JP¥398.31 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (4574.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect TAIKO PHARMACEUTICAL CO.,LTD. to open at JP¥415.33, and during the day (based on 14 day Average True Range), to move between JP¥404.07 and JP¥425.93, which gives a possible trading interval of +/-JP¥10.93 (+/-2.63%) up or down from last closing price. If TAIKO PHARMACEUTICAL CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.27% 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¥416.00 (0.24%) than the support at JP¥411.00 (0.96%), 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 TAIKO PHARMACEUTICAL CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TAIKO PHARMACEUTICAL CO.,LTD. stock to perform well in the short-term.
Current score: 3.507 Buy Candidate Unchanged
Predicted Opening Price for TAIKO PHARMACEUTICAL CO.,LTD. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥415.33 ( 0.0803%) | JP¥415.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4574.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 422.33 | 1.77% |
| R2 | 419.66 | 1.12% |
| R1 | 418.01 | 0.725% |
| Price | 415.00 | |
| S1 | 412.66 | -0.564% |
| S2 | 411.01 | -0.96% |
| S3 | 408.33 | -1.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 420.00 | 1.20% |
| R2 | 418.00 | 0.723% |
| R1 | 416.00 | 0.241% |
| Price | 415.00 | |
| S1 | 411.00 | -0.96% |
| S2 | 385.00 | -7.23% |
| S3 | 363.00 | -12.53% |
4574 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥13.00 | 1.69% |
| 2 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | JP¥7.00 | 0.680% |
| 3 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥8.00 | 0.491% |
| 4 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥7.00 | 0.308% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥3.33 | 0.201% |
FAQ
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