TOTO LTD. Stock Forecast
Red day on Thursday for TOTO LTD.
(Updated on May 02, 2024)
The TOTO LTD. stock price fell by -0.121% on the last day (Thursday, 2nd May 2024) from JP¥4,122.00 to JP¥4,117.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.77% from a day low at JP¥4,045.00 to a day high of JP¥4,157.00. The price has fallen in 7 of the last 10 days and is down by -4.03% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -605 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥5.18 billion.
Given the current short-term trend, the stock is expected to rise 14.98% during the next 3 months and, with a 90% probability hold a price between JP¥4,733.73 and JP¥5,101.65 at the end of this 3-month period.
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5332.T Signals & Forecast
There are few to no technical positive signals at the moment. The TOTO LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥4,275.29 and JP¥4,252.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -6.18%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for TOTO LTD. stock
TOTO LTD. finds support from accumulated volume at JP¥4,078.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥112.00 (2.77%) between high and low. For the last week, the stock has had daily average volatility of 3.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5332.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect TOTO LTD. to open at JP¥4,106.33, and during the day (based on 14 day Average True Range), to move between JP¥3,996.45 and JP¥4,237.55, which gives a possible trading interval of +/-JP¥120.55 (+/-2.93%) up or down from last closing price. If TOTO LTD. takes out the full calculated possible swing range there will be an estimated 5.86% 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¥4,122.00 (0.12%) than the support at JP¥4,078.00 (0.95%), 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 TOTO LTD. stock A Buy?
The TOTO LTD. stock holds several negative signals and despite the positive trend, we believe TOTO LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.663 Sell Candidate Unchanged
Predicted Opening Price for TOTO LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥4,106.33 ( 0.259%) | JP¥4,117.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5332.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,218.33 | 2.46 % | |
| R2 | 4,175.55 | 1.42 % | ||
| R1 | 4,149.12 | 0.780 % | ||
| Current price: | 4,117.00 | |||
| Support | S1 | 4,063.55 | -1.30 % | |
| S2 | 4,037.12 | -1.94 % | ||
| S3 | 3,994.33 | -2.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,294.00 | 4.30 % | |
| R2 | 4,222.00 | 2.55 % | ||
| R1 | 4,122.00 | 0.121 % | ||
| Current price | 4,117.00 | |||
| Support | S1 | 4,078.00 | -0.95% | |
| S2 | 4,049.00 | -1.65% | ||
| S3 | 3,910.00 | -5.03% |
5332 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 1.14% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥50.00 | 1.03% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥50.00 | 1.00% |
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