TAZMO CO.,LTD. Stock Forecast
TAZMO CO.,LTD. stock price ended at JP¥3,595.00 on Friday, after losing 2.97%.
(Updated on May 17, 2024)
The TAZMO CO.,LTD. stock price fell by -2.97% on the last day (Friday, 17th May 2024) from JP¥3,705.00 to JP¥3,595.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.06% from a day low at JP¥3,570.00 to a day high of JP¥3,715.00. The price has been going up and down for this period, and there has been a -5.39% 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 -264 thousand shares and in total, 569 thousand shares were bought and sold for approximately JP¥2.04 billion.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥3,665.81. A reaction back to this level may hold a second chance to get out before further falls.
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6266.T Signals & Forecast
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 TAZMO 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¥4,000.00 and JP¥3,957.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -19.57%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Monday, May 13, 2024 with a target of JP¥3,730.00. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for TAZMO CO.,LTD. stock
TAZMO CO.,LTD. finds support from accumulated volume at JP¥3,565.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥145.00 between high and low, or 4.06%. For the last week, the stock has had daily average volatility of 8.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6266.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TAZMO CO.,LTD. to open at JP¥3,626.67, and during the day (based on 14 day Average True Range), to move between JP¥3,328.12 and JP¥3,861.88, which gives a possible trading interval of +/-JP¥266.88 (+/-7.42%) up or down from last closing price. If TAZMO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 14.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥3,565.00 (0.83%) than the resistance at JP¥3,750.00 (4.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TAZMO CO.,LTD. stock A Buy?
The TAZMO CO.,LTD. stock holds several negative signals and despite the positive trend, we believe TAZMO CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.875 Sell Candidate Unchanged
Predicted Opening Price for TAZMO CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥3,626.67 ( 0.88%) | JP¥3,595.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6266.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,771.67 | 4.91 % | |
| R2 | 3,716.28 | 3.37 % | ||
| R1 | 3,682.06 | 2.42 % | ||
| Current price: | 3,595.00 | |||
| Support | S1 | 3,571.28 | -0.660 % | |
| S2 | 3,537.06 | -1.61 % | ||
| S3 | 3,481.67 | -3.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,130.00 | 14.88 % | |
| R2 | 3,845.00 | 6.95 % | ||
| R1 | 3,750.00 | 4.31 % | ||
| Current price | 3,595.00 | |||
| Support | S1 | 3,565.00 | -0.83% | |
| S2 | 3,535.00 | -1.67% | ||
| S3 | 3,485.00 | -3.06% |
6266 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥2.00 | 0.130% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥16.00 | 1.05% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥13.00 | 0.93% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥9.00 | 0.602% |
FAQ
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