Tande Co., Ltd. Stock Forecast
Is Tande Co., Ltd. stock still a buy after falling -6.33% on Thursday?
(Updated on Jul 04, 2024)
The Tande Co., Ltd. stock price fell by -6.33% on the last day (Thursday, 4th Jul 2024) from $2.37 to $2.22. During the last trading day the stock fluctuated 6.76% from a day low at $2.22 to a day high of $2.37. The price has risen in 6 of the last 10 days but is still down by -1.33% for this period. Volume has increased on the last day by 2 million 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, 16 million shares were bought and sold for approximately $35.90 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.94 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.07% during the next 3 months and, with a 90% probability hold a price between $1.80 and $3.16 at the end of this 3-month period.
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600665.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.78%. 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 Tande Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $2.29 and $2.59. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Monday, June 24, 2024 and based on theory for this formation the price should go up by 109.06% to $4.64 within 45 trading days (Monday, August 26, 2024) since signal was issued.
Support, Risk & Stop-loss for Tande Co., Ltd. stock
Tande Co., Ltd. finds support from accumulated volume at $2.17 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 $0.150 between high and low, or 6.76%. For the last week, the stock has had daily average volatility of 4.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600665.SS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Tande Co., Ltd. to open at $2.27, and during the day (based on 14 day Average True Range), to move between $2.09 and $2.35, which gives a possible trading interval of +/-$0.129 (+/-5.79%) up or down from last closing price. If Tande Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.17 (2.25%) than the resistance at $2.37 (6.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tande Co., Ltd. stock A Buy?
Tande Co., Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.975 Sell Candidate Unchanged
Predicted Opening Price for Tande Co., Ltd. of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $2.27 ( 2.25%) | $2.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600665.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.42 | 9.01% |
| R2 | 2.36 | 6.43% |
| R1 | 2.33 | 4.83% |
| Price | 2.22 | |
| S1 | 2.21 | -0.329% |
| S2 | 2.18 | -1.92% |
| S3 | 2.12 | -4.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.70 | 21.62% |
| R2 | 2.67 | 20.27% |
| R1 | 2.37 | 6.76% |
| Price | 2.22 | |
| S1 | 2.17 | -2.25% |
| S2 | 2.16 | -2.70% |
| S3 | 0 | - |
600665 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 04, 2023 | Aug 04, 2023 | Aug 04, 2023 | $0.119 | 2.44% |
| 2 | Jun 28, 2022 | Jun 28, 2022 | Jun 28, 2022 | $0.131 | 3.89% |
| 3 | Jul 14, 2021 | Jul 14, 2021 | Jul 14, 2021 | $0.152 | 5.24% |
| 4 | Jul 14, 2020 | Jul 14, 2020 | Jul 14, 2020 | $0.148 | 3.98% |
| 5 | Jun 21, 2019 | Jun 21, 2019 | Jun 21, 2019 | $0.146 | 3.65% |
FAQ
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