TAIHEIYO CEMENT CORPORATION Stock Forecast
TAIHEIYO CEMENT CORPORATION stock price ended at JP¥3,999.00 on Tuesday, after gaining 0.251%.
(Updated on Jun 25, 2024)
The TAIHEIYO CEMENT CORPORATION stock price gained 0.251% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥3,989.00 to JP¥3,999.00. During the last trading day the stock fluctuated 1.01% from a day low at JP¥3,965.00 to a day high of JP¥4,005.00. The price has risen in 6 of the last 10 days and is up by 1.06% over the past 2 weeks. Volume fell on the last day by -73 thousand shares and in total, 348 thousand shares were bought and sold for approximately JP¥1.39 billion. 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 strong 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 18.83% during the next 3 months and, with a 90% probability hold a price between JP¥4,612.23 and JP¥4,937.65 at the end of this 3-month period.
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5233.T Signals & Forecast
The TAIHEIYO CEMENT CORPORATION 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¥4,005.71. On a fall, the stock will find some support from the long-term average at approximately JP¥3,895.97. 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. 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. 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 Friday, June 14, 2024, and so far it has fallen -2.01%. 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).
Support, Risk & Stop-loss for TAIHEIYO CEMENT CORPORATION stock
TAIHEIYO CEMENT CORPORATION finds support from accumulated volume at JP¥3,976.00 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¥40.00 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: JP¥3,822.05 (-4.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (5233.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect TAIHEIYO CEMENT CORPORATION to open at JP¥3,989.67, and during the day (based on 14 day Average True Range), to move between JP¥3,910.43 and JP¥4,087.57, which gives a possible trading interval of +/-JP¥88.57 (+/-2.21%) up or down from last closing price. If TAIHEIYO CEMENT CORPORATION takes out the full calculated possible swing range there will be an estimated 4.43% 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¥3,976.00 (0.58%) than the resistance at JP¥4,031.00 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TAIHEIYO CEMENT CORPORATION stock A Buy?
TAIHEIYO CEMENT CORPORATION holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.873 Hold/Accumulate Unchanged
Predicted Opening Price for TAIHEIYO CEMENT CORPORATION of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥3,989.67 ( 0.233%) | JP¥3,999.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5233.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,029.67 | 0.767% |
| R2 | 4,014.39 | 0.385% |
| R1 | 4,004.95 | 0.149% |
| Price | 3,999.00 | |
| S1 | 3,974.39 | -0.615% |
| S2 | 3,964.95 | -0.85% |
| S3 | 3,949.67 | -1.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,081.00 | 2.05% |
| R2 | 4,074.00 | 1.88% |
| R1 | 4,031.00 | 0.80% |
| Price | 3,999.00 | |
| S1 | 3,976.00 | -0.575% |
| S2 | 3,810.00 | -4.73% |
| S3 | 3,784.00 | -5.38% |
5233 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 28, 2024 | JP¥35.00 | 0.88% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 04, 2023 | JP¥35.00 | 1.27% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 1.42% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥35.00 | 1.70% |
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