TAKARA BIO INC. Stock Forecast
Green day on Tuesday for TAKARA BIO INC. stock after gaining 0.669%
(Updated on Jun 25, 2024)
The TAKARA BIO INC. stock price gained 0.669% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥1,046.00 to JP¥1,053.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.95% from a day low at JP¥1,049.00 to a day high of JP¥1,059.00. The price has risen in 8 of the last 10 days and is up by 4.46% over the past 2 weeks. Volume fell on the last day by -22 thousand shares and in total, 112 thousand shares were bought and sold for approximately JP¥118.04 million. 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 middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.60% during the next 3 months and, with a 90% probability hold a price between JP¥1,097.66 and JP¥1,221.52 at the end of this 3-month period.
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4974.T Signals & Forecast
Mostly positive signals in the chart today. The TAKARA BIO INC. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,029.71 and JP¥1,033.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 5.09%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for TAKARA BIO INC. stock
TAKARA BIO INC. finds support from accumulated volume at JP¥1,008.00 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¥10.00 between high and low, or 0.95%. For the last week the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: JP¥1,008.08 (-4.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (4974.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect TAKARA BIO INC. to open at JP¥1,053.67, and during the day (based on 14 day Average True Range), to move between JP¥1,032.75 and JP¥1,073.25, which gives a possible trading interval of +/-JP¥20.25 (+/-1.92%) up or down from last closing price. If TAKARA BIO INC. takes out the full calculated possible swing range there will be an estimated 3.85% 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¥1,060.00 (0.66%) than the support at JP¥1,008.00 (4.27%), 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 TAKARA BIO INC. 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 TAKARA BIO INC. stock to perform well in the short-term.
Current score: 2.763 Buy Candidate Unchanged
Predicted Opening Price for TAKARA BIO INC. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥1,053.67 ( 0.0633%) | JP¥1,053.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4974.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,063.67 | 1.01% |
| R2 | 1,059.85 | 0.650% |
| R1 | 1,057.49 | 0.426% |
| Price | 1,053.00 | |
| S1 | 1,049.85 | -0.299% |
| S2 | 1,047.49 | -0.524% |
| S3 | 1,043.67 | -0.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,099.00 | 4.37% |
| R2 | 1,088.00 | 3.32% |
| R1 | 1,060.00 | 0.665% |
| Price | 1,053.00 | |
| S1 | 1,008.00 | -4.27% |
| S2 | 960.00 | -8.83% |
| S3 | 942.00 | -10.54% |
4974 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 24, 2024 | JP¥17.00 | 1.63% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥42.00 | 2.43% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥33.00 | 1.44% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥9.00 | 0.300% |
FAQ
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