TOYO INK SC HOLDINGS CO.,LTD. Stock Forecast
TOYO INK SC HOLDINGS CO.,LTD. stock price up 0.88% on Friday
(Updated on Jun 14, 2024)
The TOYO INK SC HOLDINGS CO.,LTD. stock price gained 0.88% on the last trading day (Friday, 14th Jun 2024), rising from JP¥3,400.00 to JP¥3,430.00. During the last trading day the stock fluctuated 1.62% from a day low at JP¥3,390.00 to a day high of JP¥3,445.00. The price has risen in 6 of the last 10 days and is up by 1.93% 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, 2 thousand more shares were traded than the day before. In total, 126 thousand shares were bought and sold for approximately JP¥433.21 million.
The stock lies in the upper part of a strong rising 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¥3,474.98 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 21.26% during the next 3 months and, with a 90% probability hold a price between JP¥3,841.10 and JP¥4,213.81 at the end of this 3-month period.
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4634.T Signals & Forecast
The TOYO INK SC HOLDINGS 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¥3,404.29 and JP¥3,228.20. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, June 12, 2024, and so far it has fallen -0.724%. 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).
Support, Risk & Stop-loss for TOYO INK SC HOLDINGS CO.,LTD. stock
TOYO INK SC HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥3,380.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥55.00 between high and low, or 1.62%. For the last week the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: JP¥3,288.41 (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (4634.T) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect TOYO INK SC HOLDINGS CO.,LTD. to open at JP¥3,421.67, and during the day (based on 14 day Average True Range), to move between JP¥3,348.68 and JP¥3,511.32, which gives a possible trading interval of +/-JP¥81.32 (+/-2.37%) up or down from last closing price. If TOYO INK SC HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.74% 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¥3,455.00 (0.73%) than the support at JP¥3,380.00 (1.46%), 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 TOYO INK SC HOLDINGS 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 TOYO INK SC HOLDINGS CO.,LTD. stock to perform well in the short-term.
Current score: 3.114 Buy Candidate Unchanged
Predicted Opening Price for TOYO INK SC HOLDINGS CO.,LTD. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| JP¥3,421.67 ( 0.243%) | JP¥3,430.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4634.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,476.67 | 1.36% |
| R2 | 3,455.66 | 0.748% |
| R1 | 3,442.68 | 0.370% |
| Price | 3,430.00 | |
| S1 | 3,400.66 | -0.86% |
| S2 | 3,387.68 | -1.23% |
| S3 | 3,366.67 | -1.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 3,455.00 | 0.729% |
| Price | 3,430.00 | |
| S1 | 3,380.00 | -1.46% |
| S2 | 3,365.00 | -1.90% |
| S3 | 3,345.00 | -2.48% |
4634 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥45.00 | 1.31% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 27, 2024 | JP¥45.00 | 1.50% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥45.00 | 2.07% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥45.00 | 2.49% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥45.00 | 2.38% |
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