TSUGAMI CORPORATION Stock Forecast
Stronger technical forecast for TSUGAMI CORPORATION stock price after Wednesday trading.
(Updated on May 08, 2024)
No changes to the price of TSUGAMI CORPORATION stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 1.23% from a day low at JP¥1,377.00 to a day high of JP¥1,394.00. The price has risen in 7 of the last 10 days and is up by 15.53% over the past 2 weeks.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥1,386.74 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.71% during the next 3 months and, with a 90% probability hold a price between JP¥1,307.37 and JP¥1,563.07 at the end of this 3-month period.
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6101.T Signals & Forecast
The TSUGAMI CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,352.57 and JP¥1,217.91. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for TSUGAMI CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,203.00 and JP¥1,161.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TSUGAMI CORPORATION finds support just below today's level at JP¥1,203.00. If this is broken, then the next support from accumulated volume will be at JP¥1,161.00 and JP¥1,134.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥17.00 between high and low, or 1.23%. For the last week, the stock has had daily average volatility of 2.49%.
Our recommended stop-loss: JP¥1,333.90 (-3.62%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (6101.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect TSUGAMI CORPORATION to open at JP¥1,385.00, and during the day (based on 14 day Average True Range), to move between JP¥1,347.87 and JP¥1,420.13, which gives a possible trading interval of +/-JP¥36.13 (+/-2.61%) up or down from last closing price. If TSUGAMI CORPORATION takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,203.00, some JP¥181.00 (13.08%) from the current price of JP¥1,384.00, our system finds the risk reward attractive.
Earnings coming up
TSUGAMI CORPORATION will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for TSUGAMI CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.85% in the first trading day after earnings release.
Is TSUGAMI CORPORATION 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 TSUGAMI CORPORATION stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.306 Buy Candidate Upgraded
Predicted Opening Price for TSUGAMI CORPORATION of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥1,385.00 ( 0.0723%) | JP¥1,384.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6101.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,402.00 | 1.30 % | |
| R2 | 1,395.51 | 0.83 % | ||
| R1 | 1,391.49 | 0.541 % | ||
| Current price: | 1,384.00 | |||
| Support | S1 | 1,378.51 | -0.397 % | |
| S2 | 1,374.49 | -0.687 % | ||
| S3 | 1,368.00 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,384.00 | |||
| Support | S1 | 1,203.00 | -13.08% | |
| S2 | 1,161.00 | -16.11% | ||
| S3 | 1,134.00 | -18.06% |
6101 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥24.00 | 1.68% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥22.00 | 1.85% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥22.00 | 1.63% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥18.00 | 1.04% |
FAQ
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