TAIKO PHARMACEUTICAL CO.,LTD. Stock Forecast
TAIKO PHARMACEUTICAL CO.,LTD. stock price up 1.03% on Friday
(Updated on Jun 21, 2024)
The TAIKO PHARMACEUTICAL CO.,LTD. stock price gained 1.03% on the last trading day (Friday, 21st Jun 2024), rising from JP¥388.00 to JP¥392.00. During the last trading day the stock fluctuated 1.29% from a day low at JP¥389.00 to a day high of JP¥394.00. The price has risen in 6 of the last 10 days and is up by 5.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 43 thousand more shares were traded than the day before. In total, 136 thousand shares were bought and sold for approximately JP¥53.43 million.
The stock lies in the middle of a wide and weak 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 4.25% during the next 3 months and, with a 90% probability hold a price between JP¥357.81 and JP¥443.96 at the end of this 3-month period.
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4574.T Signals & Forecast
Mostly positive signals in the chart today. The TAIKO PHARMACEUTICAL CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥393.29. On a fall, the stock will find some support from the long-term average at approximately JP¥380.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 8.29%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for TAIKO PHARMACEUTICAL CO.,LTD. stock
TAIKO PHARMACEUTICAL CO.,LTD. finds support from accumulated volume at JP¥388.00 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¥5.00 between high and low, or 1.29%. For the last week, the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: JP¥374.78 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (4574.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect TAIKO PHARMACEUTICAL CO.,LTD. to open at JP¥391.67, and during the day (based on 14 day Average True Range), to move between JP¥381.17 and JP¥402.83, which gives a possible trading interval of +/-JP¥10.83 (+/-2.76%) 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 5.52% 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¥388.00 (1.02%) than the resistance at JP¥406.00 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: 1.545 Buy Candidate Unchanged
Predicted Opening Price for TAIKO PHARMACEUTICAL CO.,LTD. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥391.67 ( 0.0850%) | JP¥392.00 |
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 | 396.67 | 1.19% |
| R2 | 394.76 | 0.703% |
| R1 | 393.58 | 0.402% |
| Price | 392.00 | |
| S1 | 389.76 | -0.572% |
| S2 | 388.58 | -0.87% |
| S3 | 386.67 | -1.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 418.00 | 6.63% |
| R2 | 411.00 | 4.85% |
| R1 | 406.00 | 3.57% |
| Price | 392.00 | |
| S1 | 388.00 | -1.02% |
| S2 | 385.00 | -1.79% |
| S3 | 363.00 | -7.40% |
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% |
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