TOWA CORPORATION Stock Forecast
TOWA CORPORATION stock upgraded to Buy Candidate.
(Updated on May 02, 2024)
The TOWA CORPORATION stock price gained 2.94% on the last trading day (Thursday, 2nd May 2024), rising from JP¥9,530.00 to JP¥9,810.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.57% from a day low at JP¥9,510.00 to a day high of JP¥10,040.00. The price has risen in 6 of the last 10 days but is still down by -6.75% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 887 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately JP¥31.55 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.29% during the next 3 months and, with a 90% probability hold a price between JP¥10,862.95 and JP¥13,717.53 at the end of this 3-month period.
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6315.T Signals & Forecast
The TOWA CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥9,265.71 and JP¥9,751.43. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, April 18, 2024, and so far it has fallen -11.70%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TOWA CORPORATION stock
TOWA CORPORATION finds support from accumulated volume at JP¥9,650.00 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¥530.00 between high and low, or 5.57%. For the last week, the stock has had daily average volatility of 4.50%.
Our recommended stop-loss: JP¥9,223.36 (-5.98%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (6315.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect TOWA CORPORATION to open at JP¥9,786.67, and during the day (based on 14 day Average True Range), to move between JP¥9,204.20 and JP¥10,415.80, which gives a possible trading interval of +/-JP¥605.80 (+/-6.18%) up or down from last closing price. If TOWA CORPORATION takes out the full calculated possible swing range there will be an estimated 12.35% 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¥9,650.00 (1.63%) than the resistance at JP¥10,400.00 (6.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
TOWA CORPORATION will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for TOWA CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.92% in the first trading day after earnings release.
Is TOWA 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 TOWA CORPORATION stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.474 Buy Candidate Upgraded
Predicted Opening Price for TOWA CORPORATION of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥9,786.67 ( 0.238%) | JP¥9,810.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6315.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,316.67 | 5.16 % | |
| R2 | 10,114.21 | 3.10 % | ||
| R1 | 9,989.13 | 1.83 % | ||
| Current price: | 9,810.00 | |||
| Support | S1 | 9,584.21 | -2.30 % | |
| S2 | 9,459.13 | -3.58 % | ||
| S3 | 9,256.67 | -5.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,480.00 | 6.83 % | |
| R2 | 10,460.00 | 6.63 % | ||
| R1 | 10,400.00 | 6.01 % | ||
| Current price | 9,810.00 | |||
| Support | S1 | 9,650.00 | -1.63% | |
| S2 | 7,910.00 | -19.37% | ||
| S3 | 7,770.00 | -20.80% |
6315 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.00 | 1.91% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥10.00 | 0.396% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥16.00 | 0.744% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥16.00 | 2.23% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥16.00 | 2.33% |
FAQ
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