TSURUMI MANUFACTURING CO.,LTD. Stock Forecast
Stronger technical forecast for TSURUMI MANUFACTURING CO.,LTD. stock price after Monday trading.
(Updated on May 13, 2024)
The TSURUMI MANUFACTURING CO.,LTD. stock price gained 1.46% on the last trading day (Monday, 13th May 2024), rising from JP¥3,755.00 to JP¥3,810.00. It has now gained 3 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 8.76% from a day low at JP¥3,655.00 to a day high of JP¥3,975.00. The price has risen in 7 of the last 10 days and is up by 13.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 46 thousand more shares were traded than the day before. In total, 64 thousand shares were bought and sold for approximately JP¥242.70 million.
The stock lies in the upper part of a wide and weak 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¥3,927.33 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.30% during the next 3 months and, with a 90% probability hold a price between JP¥3,486.31 and JP¥4,135.65 at the end of this 3-month period.
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6351.T Signals & Forecast
Mostly positive signals in the chart today. The TSURUMI MANUFACTURING CO.,LTD. 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¥3,665.00 and JP¥3,628.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 16.16%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for TSURUMI MANUFACTURING CO.,LTD. stock
TSURUMI MANUFACTURING CO.,LTD. finds support from accumulated volume at JP¥3,730.00 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¥320.00 between high and low, or 8.76%. For the last week, the stock has had daily average volatility of 3.87%.
Our recommended stop-loss: JP¥3,668.27 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (6351.T) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect TSURUMI MANUFACTURING CO.,LTD. to open at JP¥3,813.33, and during the day (based on 14 day Average True Range), to move between JP¥3,691.97 and JP¥3,928.03, which gives a possible trading interval of +/-JP¥118.03 (+/-3.10%) up or down from last closing price. If TSURUMI MANUFACTURING CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥3,825.00 (0.39%) than the support at JP¥3,730.00 (2.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
TSURUMI MANUFACTURING CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for TSURUMI MANUFACTURING CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.59% in the first trading day after earnings release.
Is TSURUMI MANUFACTURING CO.,LTD. stock A Buy?
TSURUMI MANUFACTURING CO.,LTD. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.007 Strong Buy Candidate Upgraded
Predicted Opening Price for TSURUMI MANUFACTURING CO.,LTD. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| JP¥3,813.33 ( 0.0875%) | JP¥3,810.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6351.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,133.33 | 8.49 % | |
| R2 | 4,011.09 | 5.28 % | ||
| R1 | 3,935.57 | 3.30 % | ||
| Current price: | 3,810.00 | |||
| Support | S1 | 3,691.09 | -3.12 % | |
| S2 | 3,615.57 | -5.10 % | ||
| S3 | 3,493.33 | -8.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 3,825.00 | 0.394 % | ||
| Current price | 3,810.00 | |||
| Support | S1 | 3,730.00 | -2.10% | |
| S2 | 3,500.00 | -8.14% | ||
| S3 | 3,360.00 | -11.81% |
6351 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¥2.00 | 0.0971% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥2.00 | 0.0857% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥2.00 | 0.110% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥2.00 | 0.112% |
FAQ
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