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AI Analysis of 6637.T
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TERASAKI ELECTRIC CO.,LTD. stock upgraded to Buy Candidate.
(Updated on Jun 25, 2024)

Buy candidate since Jun 25, 2024 PDF

The TERASAKI ELECTRIC CO.,LTD. stock price gained 2.08% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥2,351.00 to JP¥2,400.00. 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 3.85% from a day low at JP¥2,340.00 to a day high of JP¥2,430.00. The price has risen in 6 of the last 10 days and is up by 3.23% 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, 23 thousand more shares were traded than the day before. In total, 51 thousand shares were bought and sold for approximately JP¥123.12 million.

The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥2,421.92 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect TERASAKI ELECTRIC CO.,LTD. stock with a 90% probability to be traded between JP¥1,798.57 and JP¥2,377.76 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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6637.T Signals & Forecast

The TERASAKI ELECTRIC 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¥2,358.86 and JP¥2,118.34. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -1.11%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for TERASAKI ELECTRIC CO.,LTD. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,038.00 and JP¥1,946.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TERASAKI ELECTRIC CO.,LTD. finds support just below today's level at JP¥2,038.00. If this is broken, then the next support from accumulated volume will be at JP¥1,946.00 and JP¥1,940.00.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥90.00 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 3.87%.

Our recommended stop-loss: JP¥2,304.84 (-3.96%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 40 days ago.)

Trading Expectations (6637.T) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect TERASAKI ELECTRIC CO.,LTD. to open at JP¥2,390.00, and during the day (based on 14 day Average True Range), to move between JP¥2,312.06 and JP¥2,487.94, which gives a possible trading interval of +/-JP¥87.94 (+/-3.66%) up or down from last closing price. If TERASAKI ELECTRIC CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.33% 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¥2,405.00 (0.21%) than the support at JP¥2,038.00 (15.08%), 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.

Is TERASAKI ELECTRIC CO.,LTD. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for TERASAKI ELECTRIC CO.,LTD. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.974 Buy Candidate Upgraded

Predicted Opening Price for TERASAKI ELECTRIC CO.,LTD. of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
JP¥2,390.00 ( 0.417%) JP¥2,400.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 6637.T

Fibonacci Support & Resistance Levels

Level Price
R3 2,480.00 3.33%
R2 2,445.62 1.90%
R1 2,424.38 1.02%
Price 2,400.00
S1 2,355.62 -1.85%
S2 2,334.38 -2.73%
S3 2,300.00 -4.17%

Accumulated Volume Support & Resistance Levels

Level Price
R3 2,515.00 4.79%
R2 2,427.00 1.13%
R1 2,405.00 0.208%
Price 2,400.00
S1 2,038.00 -15.08%
S2 1,946.00 -18.92%
S3 1,940.00 -19.17%

6637 Dividend Payout History


# Declaration Date 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 12, 2024 JP¥10.00 0.425%
3 Sep 28, 2023 Sep 28, 2023 Dec 06, 2023 JP¥10.00 0.618%
4 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥12.00 1.05%
5 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥8.00 0.777%

FAQ

What is the symbol for TERASAKI ELECTRIC CO.,LTD. Stock and on which exchange is it traded?
The symbol for TERASAKI ELECTRIC CO.,LTD. is 6637.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell TERASAKI ELECTRIC CO.,LTD. Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for TERASAKI ELECTRIC CO.,LTD. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy TERASAKI ELECTRIC CO.,LTD. Stock?
TERASAKI ELECTRIC CO.,LTD. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TERASAKI ELECTRIC CO.,LTD. Stock.

What's the current price of TERASAKI ELECTRIC CO.,LTD. Stock?
As of the end of day on the Jun 25, 2024, the price of an TERASAKI ELECTRIC CO.,LTD. (6637.T) share was JP¥2,400.00.

What is the 52-week high and low for TERASAKI ELECTRIC CO.,LTD. Stock?
The 52-week high for TERASAKI ELECTRIC CO.,LTD. Stock is JP¥2,580.00 and the 52-week low is JP¥1,197.00.

What is the market capitalization of TERASAKI ELECTRIC CO.,LTD. Stock?
As of the Jun 25, 2024, the market capitalization of TERASAKI ELECTRIC CO.,LTD. is 31.269B.
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