T.RAD Co., Ltd. Stock Forecast
T.RAD Co., Ltd. stock price ended at JP¥3,725.00 on Wednesday, after gaining 1.36%.
(Updated on May 08, 2024)
The T.RAD Co., Ltd. stock price gained 1.36% on the last trading day (Wednesday, 8th May 2024), rising from JP¥3,675.00 to JP¥3,725.00. During the last trading day the stock fluctuated 2.59% from a day low at JP¥3,670.00 to a day high of JP¥3,765.00. The price has fallen in 6 of the last 10 days and is down by -2.87% for this period. Volume fell on the last day by -4 thousand shares and in total, 18 thousand shares were bought and sold for approximately JP¥65.56 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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¥3,674.80 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect T.RAD Co., Ltd. stock with a 90% probability to be traded between JP¥3,664.56 and JP¥4,042.93 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
7236.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 1.36%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The T.RAD 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¥3,767.86 and JP¥3,880.71. 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).
A sell signal from a double top formation was found on Thursday, April 11, 2024 and based on theory for this formation the price should fall by -6.62% to JP¥3,478.46 within 13 trading days since signal was issued (Thursday, May 09, 2024).
Support, Risk & Stop-loss for T.RAD Co., Ltd. stock
T.RAD Co., Ltd. finds support from accumulated volume at JP¥3,675.00 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¥95.00 between high and low, or 2.59%. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7236.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect T.RAD Co., Ltd. to open at JP¥3,720.00, and during the day (based on 14 day Average True Range), to move between JP¥3,622.34 and JP¥3,827.66, which gives a possible trading interval of +/-JP¥102.66 (+/-2.76%) up or down from last closing price. If T.RAD Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.51% 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¥3,765.00 (1.07%) than the support at JP¥3,675.00 (1.34%), 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.
Earnings coming up
T.RAD Co., Ltd. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for T.RAD Co., Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.66% in the first trading day after earnings release.
Is T.RAD Co., Ltd. stock A Buy?
T.RAD Co., Ltd. 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: -1.825 Sell Candidate Unchanged
Predicted Opening Price for T.RAD Co., Ltd. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥3,720.00 ( 0.134%) | JP¥3,725.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7236.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,815.00 | 2.42 % | |
| R2 | 3,778.71 | 1.44 % | ||
| R1 | 3,756.29 | 0.84 % | ||
| Current price: | 3,725.00 | |||
| Support | S1 | 3,683.71 | -1.11 % | |
| S2 | 3,661.29 | -1.71 % | ||
| S3 | 3,625.00 | -2.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,855.00 | 3.49 % | |
| R2 | 3,830.00 | 2.82 % | ||
| R1 | 3,765.00 | 1.07 % | ||
| Current price | 3,725.00 | |||
| Support | S1 | 3,675.00 | -1.34% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
7236 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥80.00 | 3.48% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥80.00 | 3.11% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥120.00 | 4.76% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥40.00 | 1.26% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥50.00 | 3.80% |
FAQ
Click here for our free guide on how to buy T.RAD Co., Ltd. Stock.
