TOKYO RADIATOR MFG.CO.,LTD. Stock Forecast

Evaluation of TOKYO RADIATOR MFG.CO.,LTD. stock downgraded after the last trading session.
(Updated on Apr 19, 2024)

7235.T Signals & Forecast

There are few to no technical positive signals at the moment. The TOKYO RADIATOR MFG.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¥748.57 and JP¥783.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -13.72%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for TOKYO RADIATOR MFG.CO.,LTD. stock

TOKYO RADIATOR MFG.CO.,LTD. finds support from accumulated volume at JP¥714.00 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¥35.00 between high and low, or 5.04%. For the last week, the stock has had daily average volatility of 2.92%.

TOKYO RADIATOR MFG.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 (7235.T) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect TOKYO RADIATOR MFG.CO.,LTD. to open at JP¥713.33, and during the day (based on 14 day Average True Range), to move between JP¥694.79 and JP¥739.21, which gives a possible trading interval of +/-JP¥22.21 (+/-3.10%) up or down from last closing price. If TOKYO RADIATOR MFG.CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.20% 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¥714.00 (0.42%) than the resistance at JP¥737.00 (2.79%), 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 RADIATOR MFG.CO.,LTD. stock A Buy?

The TOKYO RADIATOR MFG.CO.,LTD. stock holds several negative signals and despite the positive trend, we believe TOKYO RADIATOR MFG.CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.523 Sell Candidate Downgraded

Predicted Opening Price for TOKYO RADIATOR MFG.CO.,LTD. of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.