TERASAKI ELECTRIC CO.,LTD. Stock Forecast
TERASAKI ELECTRIC CO.,LTD. stock upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
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
| # | 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
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