TERASAKI ELECTRIC CO.,LTD. Stock Forecast
Evaluation of TERASAKI ELECTRIC CO.,LTD. stock downgraded after the last trading session.
(Updated on Jun 26, 2024)
The TERASAKI ELECTRIC CO.,LTD. stock price fell by -0.0417% on the last day (Wednesday, 26th Jun 2024) from JP¥2,400.00 to JP¥2,399.00. During the last trading day the stock fluctuated 4.25% from a day low at JP¥2,398.00 to a day high of JP¥2,500.00. The price has been going up and down for this period, and there has been a 2% gain for the last 2 weeks. Volume has increased on the last day by 11 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, 62 thousand shares were bought and sold for approximately JP¥149.22 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¥2,428.97 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¥1,882.98 and JP¥2,444.38 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.
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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¥2,364.43 and JP¥2,132.97. 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 -1.15%. 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.
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¥102.00 between high and low, or 4.25%. For the last week, the stock has had daily average volatility of 4.17%.
Our recommended stop-loss: JP¥2,326.44 (-3.02%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (6637.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect TERASAKI ELECTRIC CO.,LTD. to open at JP¥2,432.33, and during the day (based on 14 day Average True Range), to move between JP¥2,310.03 and JP¥2,487.97, which gives a possible trading interval of +/-JP¥88.97 (+/-3.71%) 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 7.42% 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¥2,400.00 (0.04%) than the support at JP¥2,038.00 (15.05%), 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?
TERASAKI ELECTRIC 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.371 Hold/Accumulate Downgraded
Predicted Opening Price for TERASAKI ELECTRIC CO.,LTD. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥2,432.33 ( 1.39%) | JP¥2,399.00 |
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 | 2,534.33 | 5.64% |
| R2 | 2,495.37 | 4.02% |
| R1 | 2,471.30 | 3.01% |
| Price | 2,399.00 | |
| S1 | 2,393.37 | -0.235% |
| S2 | 2,369.30 | -1.24% |
| S3 | 2,330.33 | -2.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,427.00 | 1.17% |
| R2 | 2,405.00 | 0.250% |
| R1 | 2,400.00 | 0.0417% |
| Price | 2,399.00 | |
| S1 | 2,038.00 | -15.05% |
| S2 | 1,946.00 | -18.88% |
| S3 | 1,940.00 | -19.13% |
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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