TSUBAKI NAKASHIMA CO.,LTD. Stock Forecast
Evaluation of TSUBAKI NAKASHIMA CO.,LTD. stock downgraded after the last trading session.
(Updated on Jun 21, 2024)
The TSUBAKI NAKASHIMA CO.,LTD. stock price fell by -1.50% on the last day (Friday, 21st Jun 2024) from JP¥800.00 to JP¥788.00. During the last trading day the stock fluctuated 2.41% from a day low at JP¥787.00 to a day high of JP¥806.00. The price has been going up and down for this period, and there has been a 1.68% gain for the last 2 weeks. Volume has increased on the last day by 135 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, 324 thousand shares were bought and sold for approximately JP¥255.00 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.40% during the next 3 months and, with a 90% probability hold a price between JP¥689.84 and JP¥753.36 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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6464.T Signals & Forecast
There are mixed signals in the stock today. The TSUBAKI NAKASHIMA CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥797.60. On a fall, the stock will find some support from the short-term average at JP¥779.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.50%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TSUBAKI NAKASHIMA CO.,LTD. stock
TSUBAKI NAKASHIMA CO.,LTD. finds support from accumulated volume at JP¥785.00 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¥19.00 between high and low, or 2.41%. For the last week the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6464.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect TSUBAKI NAKASHIMA CO.,LTD. to open at JP¥793.67, and during the day (based on 14 day Average True Range), to move between JP¥772.73 and JP¥803.27, which gives a possible trading interval of +/-JP¥15.27 (+/-1.94%) up or down from last closing price. If TSUBAKI NAKASHIMA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.88% 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¥785.00 (0.38%) than the resistance at JP¥850.00 (7.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TSUBAKI NAKASHIMA CO.,LTD. stock A Buy?
TSUBAKI NAKASHIMA CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.472 Sell Candidate Downgraded
Predicted Opening Price for TSUBAKI NAKASHIMA CO.,LTD. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥793.67 ( 0.719%) | JP¥788.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6464.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 812.67 | 3.13% |
| R2 | 805.41 | 2.21% |
| R1 | 800.92 | 1.64% |
| Price | 788.00 | |
| S1 | 786.41 | -0.202% |
| S2 | 781.92 | -0.771% |
| S3 | 774.67 | -1.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 856.00 | 8.63% |
| R2 | 853.00 | 8.25% |
| R1 | 850.00 | 7.87% |
| Price | 788.00 | |
| S1 | 785.00 | -0.381% |
| S2 | 775.00 | -1.65% |
| S3 | 765.00 | -2.92% |
6464 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥17.50 | 2.22% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | JP¥17.00 | 2.21% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥13.00 | 1.62% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥17.00 | 1.73% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥13.00 | 1.37% |
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