TOKYO ROPE MFG.CO.,LTD Stock Forecast
Weaker technical forecast for TOKYO ROPE MFG.CO.,LTD as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The TOKYO ROPE MFG.CO.,LTD stock price fell by -0.734% on the last day (Friday, 28th Jun 2024) from JP¥1,362.00 to JP¥1,352.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.64% from a day low at JP¥1,342.00 to a day high of JP¥1,364.00. The price has been going up and down for this period, and there has been a 5.13% gain for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 28 thousand shares were bought and sold for approximately JP¥37.86 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.40% during the next 3 months and, with a 90% probability hold a price between JP¥1,158.24 and JP¥1,321.86 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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5981.T Signals & Forecast
The TOKYO ROPE MFG.CO.,LTD 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¥1,356.57. On a fall, the stock will find some support from the long-term average at approximately JP¥1,318.51. 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. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 6.37%. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Friday, January 26, 2024 in the long-term chart.
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 Friday, January 26, 2024 in the long-term chart.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 TOKYO ROPE MFG.CO.,LTD stock
TOKYO ROPE MFG.CO.,LTD finds support from accumulated volume at JP¥1,303.00 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¥22.00 (1.64%) between high and low. For the last week, the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: JP¥1,311.77 (-2.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (5981.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect TOKYO ROPE MFG.CO.,LTD to open at JP¥1,352.67, and during the day (based on 14 day Average True Range), to move between JP¥1,328.06 and JP¥1,375.94, which gives a possible trading interval of +/-JP¥23.94 (+/-1.77%) up or down from last closing price. If TOKYO ROPE MFG.CO.,LTD takes out the full calculated possible swing range there will be an estimated 3.54% 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¥1,357.00 (0.37%) than the support at JP¥1,303.00 (3.62%), 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 TOKYO ROPE MFG.CO.,LTD stock A Buy?
TOKYO ROPE MFG.CO.,LTD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.264 Hold/Accumulate Downgraded
Predicted Opening Price for TOKYO ROPE MFG.CO.,LTD of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
JP¥1,352.67 ( 0.0493%) | JP¥1,352.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5981.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,374.67 | 1.68% |
R2 | 1,366.26 | 1.05% |
R1 | 1,361.07 | 0.671% |
Price | 1,352.00 | |
S1 | 1,344.26 | -0.572% |
S2 | 1,339.07 | -0.96% |
S3 | 1,330.67 | -1.58% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,490.00 | 10.21% |
R2 | 1,382.00 | 2.22% |
R1 | 1,357.00 | 0.370% |
Price | 1,352.00 | |
S1 | 1,303.00 | -3.62% |
S2 | 1,299.00 | -3.92% |
S3 | 1,292.00 | -4.44% |
5981 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 12, 2024 | JP¥40.00 | 3.13% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 3.08% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.22% |
5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥40.00 | 6.20% |
FAQ
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