TOSE CO.,LTD. Stock Forecast
TOSE CO.,LTD. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
No changes to the price of TOSE CO.,LTD. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0.289% from a day low at JP¥693.00 to a day high of JP¥695.00. The price has risen in 5 of the last 10 days and is up by 0.14% over the past 2 weeks.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥695.29 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect TOSE CO.,LTD. stock with a 90% probability to be traded between JP¥669.02 and JP¥685.92 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4728.T Signals & Forecast
The TOSE 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¥693.43. On a fall, the stock will find some support from the long-term average at approximately JP¥690.63. 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. 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 Monday, June 17, 2024, and so far it has fallen -0.574%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, June 10, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, June 10, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for TOSE CO.,LTD. stock
TOSE CO.,LTD. finds support from accumulated volume at JP¥692.00 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¥2.00 between high and low, or 0.289%. For the last week the stock has had daily average volatility of 0.375%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect TOSE CO.,LTD. to open at JP¥693.67, and during the day (based on 14 day Average True Range), to move between JP¥688.34 and JP¥697.66, which gives a possible trading interval of +/-JP¥4.66 (+/-0.67%) up or down from last closing price. If TOSE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.34% 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¥692.00 (0.14%) than the resistance at JP¥697.00 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TOSE CO.,LTD. stock A Buy?
TOSE CO.,LTD. holds several negative signals and we believe that 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 Sell candidate.
Current score: -2.065 Sell Candidate Downgraded
Predicted Opening Price for TOSE CO.,LTD. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
JP¥693.67 ( 0.0962%) | JP¥693.00 |
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 | |
---|---|---|
R3 | 695.67 | 0.385% |
R2 | 694.90 | 0.275% |
R1 | 694.43 | 0.206% |
Price | 693.00 | |
S1 | 692.90 | -0.0140% |
S2 | 692.43 | -0.0822% |
S3 | 691.67 | -0.192% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 709.00 | 2.31% |
R2 | 701.00 | 1.15% |
R1 | 697.00 | 0.577% |
Price | 693.00 | |
S1 | 692.00 | -0.144% |
S2 | 689.00 | -0.577% |
S3 | 685.00 | -1.15% |
4728 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥12.50 | 1.80% |
2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥12.50 | 1.78% |
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% |
FAQ
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