TOYO INK SC HOLDINGS CO.,LTD. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
TOYO INK SC HOLDINGS CO.,LTD. stock price down 0.303% on Tuesday
(Updated on Jun 25, 2024)
The TOYO INK SC HOLDINGS CO.,LTD. stock price fell by -0.303% on the last day (Tuesday, 25th Jun 2024) from JP¥3,295.00 to JP¥3,285.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.84% from a day low at JP¥3,260.00 to a day high of JP¥3,320.00. The price has fallen in 7 of the last 10 days and is down by -3.67% for this period. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 168 thousand shares were bought and sold for approximately JP¥552.87 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥3,225.65 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 20.43% during the next 3 months and, with a 90% probability hold a price between JP¥3,884.57 and JP¥4,265.82 at the end of this 3-month period.
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4634.T Signals & Forecast
There are few to no technical positive signals at the moment. The TOYO INK SC HOLDINGS CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥3,325.00 and JP¥3,311.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -4.92%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for TOYO INK SC HOLDINGS CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥3,025.00 and JP¥3,015.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TOYO INK SC HOLDINGS CO.,LTD. finds support just below today's level at JP¥3,025.00. If this is broken, then the next support from accumulated volume will be at JP¥3,015.00 and JP¥2,915.00.
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¥60.00 between high and low, or 1.84%. For the last week the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4634.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect TOYO INK SC HOLDINGS CO.,LTD. to open at JP¥3,288.33, and during the day (based on 14 day Average True Range), to move between JP¥3,207.17 and JP¥3,362.83, which gives a possible trading interval of +/-JP¥77.83 (+/-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¥3,300.00 (0.46%) than the support at JP¥3,025.00 (7.91%), 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?
The TOYO INK SC HOLDINGS CO.,LTD. stock holds several negative signals and despite the positive trend, we believe TOYO INK SC HOLDINGS CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.097 Sell Candidate Unchanged
Predicted Opening Price for TOYO INK SC HOLDINGS CO.,LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥3,288.33 ( 0.101%) | JP¥3,285.00 |
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 | 3,348.33 | 1.93% |
| R2 | 3,325.41 | 1.23% |
| R1 | 3,311.25 | 0.799% |
| Price | 3,285.00 | |
| S1 | 3,265.41 | -0.596% |
| S2 | 3,251.25 | -1.03% |
| S3 | 3,228.33 | -1.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,380.00 | 2.89% |
| R2 | 3,365.00 | 2.44% |
| R1 | 3,300.00 | 0.457% |
| Price | 3,285.00 | |
| S1 | 3,025.00 | -7.91% |
| S2 | 3,015.00 | -8.22% |
| S3 | 2,915.00 | -11.26% |
4634 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥45.00 | 1.37% |
| 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% |
FAQ
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