TEIKOKU ELECTRIC MFG. CO.,LTD. Stock Forecast
Red day on Friday for TEIKOKU ELECTRIC MFG. CO.,LTD. stock after losing 0.0799%
(Updated on May 10, 2024)
The TEIKOKU ELECTRIC MFG. CO.,LTD. stock price fell by -0.0799% on the last day (Friday, 10th May 2024) from JP¥2,502.00 to JP¥2,500.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.70% from a day low at JP¥2,474.00 to a day high of JP¥2,516.00. The price has fallen in 5 of the last 10 days but is still up by 3.22% over the past 2 weeks. Volume has increased on the last day by 5 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, 38 thousand shares were bought and sold for approximately JP¥94.25 million.
The stock lies the upper part of a falling 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¥2,533.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.79% during the next 3 months and, with a 90% probability hold a price between JP¥2,076.47 and JP¥2,259.84 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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6333.T Signals & Forecast
The TEIKOKU ELECTRIC 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¥2,510.86. On a fall, the stock will find some support from the long-term average at approximately JP¥2,498.06. 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 Friday, April 19, 2024, and so far it has risen 4.56%. 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.
Support, Risk & Stop-loss for TEIKOKU ELECTRIC MFG. CO.,LTD. stock
TEIKOKU ELECTRIC MFG. CO.,LTD. finds support from accumulated volume at JP¥2,471.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥42.00 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: JP¥2,398.24 (-4.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (6333.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect TEIKOKU ELECTRIC MFG. CO.,LTD. to open at JP¥2,496.67, and during the day (based on 14 day Average True Range), to move between JP¥2,456.23 and JP¥2,543.77, which gives a possible trading interval of +/-JP¥43.77 (+/-1.75%) up or down from last closing price. If TEIKOKU ELECTRIC MFG. CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.50% 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¥2,471.00 (1.16%) than the resistance at JP¥2,593.00 (3.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TEIKOKU ELECTRIC MFG. CO.,LTD. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.197 Buy Candidate Unchanged
Predicted Opening Price for TEIKOKU ELECTRIC MFG. CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥2,496.67 ( 0.133%) | JP¥2,500.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6333.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,538.67 | 1.55 % | |
| R2 | 2,522.62 | 0.90 % | ||
| R1 | 2,512.71 | 0.508 % | ||
| Current price: | 2,500.00 | |||
| Support | S1 | 2,480.62 | -0.775 % | |
| S2 | 2,470.71 | -1.17 % | ||
| S3 | 2,454.67 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,681.00 | 7.24 % | |
| R2 | 2,634.00 | 5.36 % | ||
| R1 | 2,593.00 | 3.72 % | ||
| Current price | 2,500.00 | |||
| Support | S1 | 2,471.00 | -1.16% | |
| S2 | 2,444.00 | -2.24% | ||
| S3 | 2,391.00 | -4.36% |
6333 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¥58.00 | 2.39% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥58.00 | 3.09% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥32.00 | 2.05% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥18.00 | 1.28% |
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