DKK-TOA CORPORATION Stock Forecast
DKK-TOA CORPORATION stock price ended at JP¥871.00 on Tuesday, after losing 0%.
(Updated on Apr 23, 2024)
No changes to the price of DKK-TOA CORPORATION stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 1.62% from a day low at JP¥864.00 to a day high of JP¥878.00. The price has fallen in 5 of the last 10 days but is still up by 0.81% over the past 2 weeks.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥851.10 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.54% during the next 3 months and, with a 90% probability hold a price between JP¥786.88 and JP¥891.75 at the end of this 3-month period.
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6848.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.28%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DKK-TOA CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥877.57 and JP¥925.37. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 10.45% to JP¥962.00 within 8 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for DKK-TOA CORPORATION stock
DKK-TOA CORPORATION finds support from accumulated volume at JP¥868.00 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¥14.00 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6848.T) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect DKK-TOA CORPORATION to open at JP¥871.00, and during the day (based on 14 day Average True Range), to move between JP¥848.22 and JP¥893.78, which gives a possible trading interval of +/-JP¥22.78 (+/-2.62%) up or down from last closing price. If DKK-TOA CORPORATION takes out the full calculated possible swing range there will be an estimated 5.23% 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¥868.00 (0.34%) than the resistance at JP¥945.00 (8.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
DKK-TOA CORPORATION will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for DKK-TOA CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.87% in the first trading day after earnings release.
Is DKK-TOA CORPORATION stock A Buy?
DKK-TOA CORPORATION holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.464 Sell Candidate Unchanged
Predicted Opening Price for DKK-TOA CORPORATION of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| JP¥871.00 ( 0%) | JP¥871.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6848.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 885.00 | 1.61 % | |
| R2 | 879.65 | 0.99 % | ||
| R1 | 876.35 | 0.614 % | ||
| Current price: | 871.00 | |||
| Support | S1 | 865.65 | -0.614 % | |
| S2 | 862.35 | -0.99 % | ||
| S3 | 857.00 | -1.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,020.00 | 17.11 % | |
| R2 | 952.00 | 9.30 % | ||
| R1 | 945.00 | 8.50 % | ||
| Current price | 871.00 | |||
| Support | S1 | 868.00 | -0.344% | |
| S2 | 864.00 | -0.80% | ||
| S3 | 860.00 | -1.26% |
6848 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥18.00 | 2.08% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥17.00 | 1.82% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥17.00 | 2.08% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥1.00 | 0.106% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥16.00 | 2.09% |
FAQ
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