Tokyo Kiraboshi Financial Group,Inc. Stock Forecast
Tokyo Kiraboshi Financial Group,Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)
The Tokyo Kiraboshi Financial Group,Inc. stock price gained 2.01% on the last trading day (Friday, 14th Jun 2024), rising from JP¥4,475.00 to JP¥4,565.00. During the last trading day the stock fluctuated 2.91% from a day low at JP¥4,470.00 to a day high of JP¥4,600.00. The price has fallen in 7 of the last 10 days and is down by -6.93% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 109 thousand more shares were traded than the day before. In total, 190 thousand shares were bought and sold for approximately JP¥865.07 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥4,474.76 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Tokyo Kiraboshi Financial Group,Inc. stock with a 90% probability to be traded between JP¥4,461.60 and JP¥5,003.07 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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7173.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 2.01%. Further rise is indicated until a new top pivot has been found. 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. The Tokyo Kiraboshi Financial Group,Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥4,621.43 and JP¥4,600.71. 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).
Support, Risk & Stop-loss for Tokyo Kiraboshi Financial Group,Inc. stock
Tokyo Kiraboshi Financial Group,Inc. finds support from accumulated volume at JP¥4,515.00 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¥130.00 between high and low, or 2.91%. For the last week, the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: JP¥4,302.17 (-5.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (7173.T) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Tokyo Kiraboshi Financial Group,Inc. to open at JP¥4,545.00, and during the day (based on 14 day Average True Range), to move between JP¥4,427.63 and JP¥4,702.37, which gives a possible trading interval of +/-JP¥137.37 (+/-3.01%) up or down from last closing price. If Tokyo Kiraboshi Financial Group,Inc. takes out the full calculated possible swing range there will be an estimated 6.02% 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¥4,515.00 (1.10%) than the resistance at JP¥4,645.00 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tokyo Kiraboshi Financial Group,Inc. stock A Buy?
Tokyo Kiraboshi Financial Group,Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.196 Hold/Accumulate Upgraded
Predicted Opening Price for Tokyo Kiraboshi Financial Group,Inc. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| JP¥4,545.00 ( 0.438%) | JP¥4,565.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7173.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,675.00 | 2.41% |
| R2 | 4,625.34 | 1.32% |
| R1 | 4,594.66 | 0.650% |
| Price | 4,565.00 | |
| S1 | 4,495.34 | -1.53% |
| S2 | 4,464.66 | -2.20% |
| S3 | 4,415.00 | -3.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,690.00 | 2.74% |
| R2 | 4,685.00 | 2.63% |
| R1 | 4,645.00 | 1.75% |
| Price | 4,565.00 | |
| S1 | 4,515.00 | -1.10% |
| S2 | 4,500.00 | -1.42% |
| S3 | 4,340.00 | -4.93% |
7173 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 07, 2024 | JP¥80.00 | 1.72% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 04, 2023 | JP¥65.00 | 1.50% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥62.50 | 2.43% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥52.50 | 2.44% |
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