TERASAKI ELECTRIC CO.,LTD. Stock Forecast
Red day on Monday for TERASAKI ELECTRIC CO.,LTD.
(Updated on Jun 17, 2024)
The TERASAKI ELECTRIC CO.,LTD. stock price fell by -2.76% on the last day (Monday, 17th Jun 2024) from JP¥2,427.00 to JP¥2,360.00. During the last trading day the stock fluctuated 3.76% from a day low at JP¥2,339.00 to a day high of JP¥2,427.00. The price has been going up and down for this period, and there has been a 12.27% gain for the last 2 weeks. 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 -21 thousand shares and in total, 51 thousand shares were bought and sold for approximately JP¥119.18 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥2,422.39 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.40% during the next 3 months and, with a 90% probability hold a price between JP¥1,527.00 and JP¥2,170.43 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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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¥2,286.00 and JP¥2,040.03. 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). 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 -2.76%. Further fall is indicated until a new bottom pivot has been found. 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 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¥88.00 between high and low, or 3.76%. For the last week, the stock has had daily average volatility of 3.60%.
Our recommended stop-loss: JP¥2,257.27 (-4.35%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (6637.T) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect TERASAKI ELECTRIC CO.,LTD. to open at JP¥2,375.33, and during the day (based on 14 day Average True Range), to move between JP¥2,269.53 and JP¥2,450.47, which gives a possible trading interval of +/-JP¥90.47 (+/-3.83%) 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 7.67% 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¥2,384.00 (1.02%) than the support at JP¥2,038.00 (13.64%), 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, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.106 Buy Candidate Unchanged
Predicted Opening Price for TERASAKI ELECTRIC CO.,LTD. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| JP¥2,375.33 ( 0.650%) | JP¥2,360.00 |
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 | 2,463.33 | 4.38% |
| R2 | 2,429.72 | 2.95% |
| R1 | 2,408.95 | 2.07% |
| Price | 2,360.00 | |
| S1 | 2,341.72 | -0.775% |
| S2 | 2,320.95 | -1.65% |
| S3 | 2,287.33 | -3.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,515.00 | 6.57% |
| R2 | 2,427.00 | 2.84% |
| R1 | 2,384.00 | 1.02% |
| Price | 2,360.00 | |
| S1 | 2,038.00 | -13.64% |
| S2 | 1,946.00 | -17.54% |
| S3 | 1,940.00 | -17.80% |
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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