TOSNET CORPORATION Stock Forecast
Stronger technical forecast for TOSNET CORPORATION stock price after Friday trading.
(Updated on May 17, 2024)
The TOSNET CORPORATION stock price gained 1.83% on the last trading day (Friday, 17th May 2024), rising from JP¥1,200.00 to JP¥1,222.00. During the last trading day the stock fluctuated 2.00% from a day low at JP¥1,200.00 to a day high of JP¥1,224.00. The price has fallen in 5 of the last 10 days and is down by -2.32% for this period. Volume fell on the last day by -1 thousand shares and in total, 300 shares were bought and sold for approximately JP¥366.60 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,202.00 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 5.96% during the next 3 months and, with a 90% probability hold a price between JP¥1,273.61 and JP¥1,390.70 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
4754.T Signals & Forecast
There are mixed signals in the stock today. The TOSNET CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,240.49. On a fall, the stock will find some support from the short-term average at JP¥1,216.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 2.09%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for TOSNET CORPORATION stock
TOSNET CORPORATION finds support from accumulated volume at JP¥1,198.00 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved JP¥24.00 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: JP¥1,161.25 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (4754.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TOSNET CORPORATION to open at JP¥1,215.33, and during the day (based on 14 day Average True Range), to move between JP¥1,200.50 and JP¥1,243.50, which gives a possible trading interval of +/-JP¥21.50 (+/-1.76%) up or down from last closing price. If TOSNET CORPORATION takes out the full calculated possible swing range there will be an estimated 3.52% 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¥1,225.00 (0.25%) than the support at JP¥1,198.00 (1.96%), 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 TOSNET CORPORATION 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 TOSNET CORPORATION stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.063 Buy Candidate Upgraded
Predicted Opening Price for TOSNET CORPORATION of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥1,215.33 ( 0.546%) | JP¥1,222.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4754.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,239.33 | 1.42 % | |
| R2 | 1,230.17 | 0.668 % | ||
| R1 | 1,224.50 | 0.205 % | ||
| Current price: | 1,222.00 | |||
| Support | S1 | 1,206.17 | -1.30 % | |
| S2 | 1,200.50 | -1.76 % | ||
| S3 | 1,191.33 | -2.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,290.00 | 5.56 % | |
| R2 | 1,232.00 | 0.82 % | ||
| R1 | 1,225.00 | 0.245 % | ||
| Current price | 1,222.00 | |||
| Support | S1 | 1,198.00 | -1.96% | |
| S2 | 1,192.00 | -2.45% | ||
| S3 | 1,182.00 | -3.27% |
4754 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥23.00 | 2.73% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥5.00 | 0.521% |
| 4 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥25.00 | 2.63% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥25.00 | 2.16% |
FAQ
Click here for our free guide on how to buy TOSNET CORPORATION Stock.
