TOSE CO.,LTD. Stock Forecast
TOSE CO.,LTD. stock downgraded from Hold/Accumulate to Strong Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The TOSE CO.,LTD. stock price fell by -1.72% on the last day (Friday, 26th Apr 2024) from JP¥697.00 to JP¥685.00. During the last trading day the stock fluctuated 1.90% from a day low at JP¥685.00 to a day high of JP¥698.00. The price has fallen in 6 of the last 10 days and is down by -2.28% for this period. Volume has increased on the last day by 42 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, 52 thousand shares were bought and sold for approximately JP¥35.48 million.
The stock has broken the narrow and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (JP¥685.46) are considered to be a "second chance" to get out. According to the fan-theory JP¥664.58 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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4728.T Signals & Forecast
There are few to no technical positive signals at the moment. The TOSE CO.,LTD. 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¥692.29 and JP¥701.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -3.39%. 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.
A sell signal from a double top formation was found on Tuesday, February 13, 2024 with a target of JP¥708.80. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for TOSE CO.,LTD. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥13.00 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 0.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4728.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect TOSE CO.,LTD. to open at JP¥689.33, and during the day (based on 14 day Average True Range), to move between JP¥679.13 and JP¥690.87, which gives a possible trading interval of +/-JP¥5.87 (+/-0.86%) up or down from last closing price. If TOSE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.71% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥700.00, some JP¥15.00 (2.19%) from the current price of JP¥685.00, our system finds the risk reward not very attractive.
Is TOSE CO.,LTD. stock A Buy?
TOSE CO.,LTD. holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.514 Strong Sell Candidate Downgraded
Predicted Opening Price for TOSE CO.,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥689.33 ( 0.633%) | JP¥685.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4728.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 702.33 | 2.53 % | |
| R2 | 697.37 | 1.81 % | ||
| R1 | 694.30 | 1.36 % | ||
| Current price: | 685.00 | |||
| Support | S1 | 684.37 | -0.0924 % | |
| S2 | 681.30 | -0.540 % | ||
| S3 | 676.33 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 709.00 | 3.50 % | |
| R2 | 707.00 | 3.21 % | ||
| R1 | 700.00 | 2.19 % | ||
| Current price | 685.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
4728 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥12.50 | 1.69% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥12.50 | 1.70% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥12.50 | 1.57% |
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