TATSUTA ELECTRIC WIRE AND CABLE CO.,LTD. Stock Forecast
TATSUTA ELECTRIC WIRE AND CABLE CO.,LTD. stock price ended at JP¥726.00 on Wednesday, after losing 0.275%.
(Updated on Jun 26, 2024)
The TATSUTA ELECTRIC WIRE AND CABLE CO.,LTD. stock price fell by -0.275% on the last day (Wednesday, 26th Jun 2024) from JP¥728.00 to JP¥726.00. During the last trading day the stock fluctuated 0.414% from a day low at JP¥725.00 to a day high of JP¥728.00. The price has been going up and down for this period, and there has been a -2.81% loss for the last 2 weeks. 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 -1 million shares and in total, 478 thousand shares were bought and sold for approximately JP¥347.03 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥725.15 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 4.66% during the next 3 months and, with a 90% probability hold a price between JP¥758.92 and JP¥836.68 at the end of this 3-month period.
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5809.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.276%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The TATSUTA ELECTRIC WIRE AND CABLE CO.,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¥750.14 and JP¥727.91. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, June 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, July 24, 2023.
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 Tuesday, June 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, July 24, 2023.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 12 Months
The stock had a Golden Star Signal on Tuesday, June 11, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, July 24, 2023.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 TATSUTA ELECTRIC WIRE AND CABLE CO.,LTD. stock
TATSUTA ELECTRIC WIRE AND CABLE CO.,LTD. finds support from accumulated volume at JP¥724.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥3.00 between high and low, or 0.414%. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: JP¥683.44 (-5.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (5809.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect TATSUTA ELECTRIC WIRE AND CABLE CO.,LTD. to open at JP¥726.33, and during the day (based on 14 day Average True Range), to move between JP¥713.40 and JP¥738.60, which gives a possible trading interval of +/-JP¥12.60 (+/-1.74%) up or down from last closing price. If TATSUTA ELECTRIC WIRE AND CABLE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.47% 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¥728.00 (0.28%) than the support at JP¥724.00 (0.28%), 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 TATSUTA ELECTRIC WIRE AND CABLE CO.,LTD. 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 TATSUTA ELECTRIC WIRE AND CABLE CO.,LTD. stock to perform well in the short-term.
Current score: 1.491 Buy Candidate Unchanged
Predicted Opening Price for TATSUTA ELECTRIC WIRE AND CABLE CO.,LTD. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥726.33 ( 0.0459%) | JP¥726.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5809.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 729.33 | 0.459% |
| R2 | 728.19 | 0.301% |
| R1 | 727.48 | 0.204% |
| Price | 726.00 | |
| S1 | 725.19 | -0.112% |
| S2 | 724.48 | -0.209% |
| S3 | 723.33 | -0.367% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 766.00 | 5.51% |
| R2 | 747.00 | 2.89% |
| R1 | 728.00 | 0.275% |
| Price | 726.00 | |
| S1 | 724.00 | -0.275% |
| S2 | 716.00 | -1.38% |
| S3 | 715.00 | -1.52% |
5809 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥9.00 | 1.27% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥9.00 | 2.04% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥9.00 | 1.90% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥9.00 | 1.66% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥9.00 | 1.40% |
FAQ
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