Torishima Pump Mfg.Co.,Ltd. Stock Forecast
Torishima Pump Mfg.Co.,Ltd. stock price ended at JP¥3,125.00 on Monday, after losing 0.636%.
(Updated on Jun 24, 2024)
The Torishima Pump Mfg.Co.,Ltd. stock price fell by -0.636% on the last day (Monday, 24th Jun 2024) from JP¥3,145.00 to JP¥3,125.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.61% from a day low at JP¥3,100.00 to a day high of JP¥3,150.00. The price has fallen in 6 of the last 10 days and is down by -4.87% for this period. 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 -27 thousand shares and in total, 124 thousand shares were bought and sold for approximately JP¥388.75 million.
Given the current short-term trend, the stock is expected to rise 29.59% during the next 3 months and, with a 90% probability hold a price between JP¥4,049.82 and JP¥4,572.05 at the end of this 3-month period.
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6363.T Signals & Forecast
There are few to no technical positive signals at the moment. The Torishima Pump Mfg.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¥3,287.14 and JP¥3,222.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -9.42%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, November 15, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, November 15, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Torishima Pump Mfg.Co.,Ltd. stock
Torishima Pump Mfg.Co.,Ltd. finds support from accumulated volume at JP¥3,055.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥50.00 (1.61%) between high and low. For the last week, the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6363.T) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Torishima Pump Mfg.Co.,Ltd. to open at JP¥3,125.00, and during the day (based on 14 day Average True Range), to move between JP¥3,015.96 and JP¥3,234.04, which gives a possible trading interval of +/-JP¥109.04 (+/-3.49%) up or down from last closing price. If Torishima Pump Mfg.Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.98% 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¥3,055.00 (2.24%) than the resistance at JP¥3,230.00 (3.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Torishima Pump Mfg.Co.,Ltd. stock A Buy?
The Torishima Pump Mfg.Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Torishima Pump Mfg.Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.132 Sell Candidate Unchanged
Predicted Opening Price for Torishima Pump Mfg.Co.,Ltd. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| JP¥3,125.00 ( 0%) | JP¥3,125.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6363.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,175.00 | 1.60% |
| R2 | 3,155.90 | 0.99% |
| R1 | 3,144.10 | 0.611% |
| Price | 3,125.00 | |
| S1 | 3,105.90 | -0.611% |
| S2 | 3,094.10 | -0.99% |
| S3 | 3,075.00 | -1.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,375.00 | 8.00% |
| R2 | 3,270.00 | 4.64% |
| R1 | 3,230.00 | 3.36% |
| Price | 3,125.00 | |
| S1 | 3,055.00 | -2.24% |
| S2 | 2,850.00 | -8.80% |
| S3 | 2,780.00 | -11.04% |
6363 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 06, 2024 | JP¥28.00 | 0.85% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 04, 2023 | JP¥28.00 | 1.24% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 1.94% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥22.00 | 1.61% |
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