THK CO.,LTD. Stock Forecast
Stronger technical forecast for THK CO.,LTD. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The THK CO.,LTD. stock price fell by -0.396% on the last day (Tuesday, 25th Jun 2024) from JP¥2,906.50 to JP¥2,895.00. During the last trading day the stock fluctuated 1.36% from a day low at JP¥2,876.50 to a day high of JP¥2,915.50. The price has fallen in 7 of the last 10 days and is down by -2.15% 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 -30 thousand shares and in total, 501 thousand shares were bought and sold for approximately JP¥1.45 billion.
The stock lies in the middle of a wide and 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 -20.45% during the next 3 months and, with a 90% probability hold a price between JP¥2,194.47 and JP¥2,459.09 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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6481.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 3.02%. 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. The THK 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¥3,084.19. On a fall, the stock will find some support from the short-term average at JP¥2,867.36. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for THK CO.,LTD. stock
THK CO.,LTD. finds support from accumulated volume at JP¥2,890.00 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¥39.00 between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: JP¥2,740.62 (-5.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (6481.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect THK CO.,LTD. to open at JP¥2,895.67, and during the day (based on 14 day Average True Range), to move between JP¥2,824.69 and JP¥2,965.31, which gives a possible trading interval of +/-JP¥70.31 (+/-2.43%) up or down from last closing price. If THK CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.86% 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¥2,890.00 (0.17%) than the resistance at JP¥3,257.00 (12.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is THK CO.,LTD. stock A Buy?
THK CO.,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.750 Hold/Accumulate Upgraded
Predicted Opening Price for THK CO.,LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥2,895.67 ( 0.0230%) | JP¥2,895.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6481.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,934.67 | 1.37% |
| R2 | 2,919.77 | 0.86% |
| R1 | 2,910.56 | 0.538% |
| Price | 2,895.00 | |
| S1 | 2,880.77 | -0.492% |
| S2 | 2,871.56 | -0.81% |
| S3 | 2,856.67 | -1.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,613.00 | 24.80% |
| R2 | 3,540.00 | 22.28% |
| R1 | 3,257.00 | 12.50% |
| Price | 2,895.00 | |
| S1 | 2,890.00 | -0.173% |
| S2 | 2,845.00 | -1.73% |
| S3 | 2,810.00 | -2.94% |
6481 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥11.00 | 0.380% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | JP¥9.00 | 0.268% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Sep 12, 2023 | JP¥30.00 | 1.10% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥50.00 | 2.00% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥37.00 | 1.43% |
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