TAIYO YUDEN CO.,LTD. Stock Forecast
TAIYO YUDEN CO.,LTD. stock price down 0.84% on Friday
(Updated on May 17, 2024)
The TAIYO YUDEN CO.,LTD. stock price fell by -0.84% on the last day (Friday, 17th May 2024) from JP¥3,197.00 to JP¥3,170.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.66% from a day low at JP¥3,136.00 to a day high of JP¥3,188.00. The price has fallen in 8 of the last 10 days and is down by -14.49% for this period. 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 -1 million shares and in total, 1 million shares were bought and sold for approximately JP¥3.81 billion.
Given the current short-term trend, the stock is expected to rise 3.33% during the next 3 months and, with a 90% probability hold a price between JP¥3,275.43 and JP¥3,879.41 at the end of this 3-month period.
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6976.T Signals & Forecast
There are few to no technical positive signals at the moment. The TAIYO YUDEN CO.,LTD. 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¥3,234.14 and JP¥3,536.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -15.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 TAIYO YUDEN CO.,LTD. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥52.00 between high and low, or 1.66%. For the last week, the stock has had daily average volatility of 2.69%.
TAIYO YUDEN CO.,LTD. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6976.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TAIYO YUDEN CO.,LTD. to open at JP¥3,164.67, and during the day (based on 14 day Average True Range), to move between JP¥3,064.89 and JP¥3,275.11, which gives a possible trading interval of +/-JP¥105.11 (+/-3.32%) up or down from last closing price. If TAIYO YUDEN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.63% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥3,250.00, some JP¥80.00 (2.52%) from the current price of JP¥3,170.00, our system finds the risk reward not very attractive.
Is TAIYO YUDEN CO.,LTD. stock A Buy?
The TAIYO YUDEN CO.,LTD. stock holds several negative signals and despite the positive trend, we believe TAIYO YUDEN CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.990 Sell Candidate Unchanged
Predicted Opening Price for TAIYO YUDEN CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥3,164.67 ( 0.168%) | JP¥3,170.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6976.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,216.67 | 1.47 % | |
| R2 | 3,196.80 | 0.85 % | ||
| R1 | 3,184.53 | 0.458 % | ||
| Current price: | 3,170.00 | |||
| Support | S1 | 3,144.80 | -0.795 % | |
| S2 | 3,132.53 | -1.18 % | ||
| S3 | 3,112.67 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,604.00 | 13.69 % | |
| R2 | 3,321.00 | 4.76 % | ||
| R1 | 3,250.00 | 2.52 % | ||
| Current price | 3,170.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
6976 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥45.00 | 1.05% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥45.00 | 1.20% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥40.00 | 0.707% |
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