T.RAD Co., Ltd. Stock Forecast
Stronger technical forecast for T.RAD Co., Ltd. stock price after Thursday trading.
(Updated on May 30, 2024)
The T.RAD Co., Ltd. stock price gained 0.282% on the last trading day (Thursday, 30th May 2024), rising from JP¥3,550.00 to JP¥3,560.00. During the last trading day the stock fluctuated 1.57% from a day low at JP¥3,505.00 to a day high of JP¥3,560.00. The price has been going up and down for this period, and there has been a -1.93% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately JP¥78.68 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥3,545.13 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.87% during the next 3 months and, with a 90% probability hold a price between JP¥3,301.54 and JP¥3,626.60 at the end of this 3-month period.
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7236.T Signals & Forecast
There are mixed signals in the stock today. 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¥3,601.43 and JP¥3,769.71. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.282%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for T.RAD Co., Ltd. stock
T.RAD Co., Ltd. finds support from accumulated volume at JP¥3,550.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥55.00 (1.57%) between high and low. For the last week, the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: JP¥3,338.33 (-6.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (7236.T) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect T.RAD Co., Ltd. to open at JP¥3,541.67, and during the day (based on 14 day Average True Range), to move between JP¥3,473.79 and JP¥3,646.21, which gives a possible trading interval of +/-JP¥86.21 (+/-2.42%) 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 4.84% 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¥3,550.00 (0.28%) than the resistance at JP¥3,630.00 (1.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is T.RAD Co., Ltd. stock A Buy?
T.RAD Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.252 Hold/Accumulate Upgraded
Predicted Opening Price for T.RAD Co., Ltd. of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| JP¥3,541.67 ( 0.515%) | JP¥3,560.00 |
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 | 3,596.67 | 1.03 % | |
| R2 | 3,575.66 | 0.440 % | ||
| R1 | 3,562.68 | 0.0752 % | ||
| Current price: | 3,560.00 | |||
| Support | S1 | 3,520.66 | -1.11 % | |
| S2 | 3,507.68 | -1.47 % | ||
| S3 | 3,486.67 | -2.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,765.00 | 5.76 % | |
| R2 | 3,675.00 | 3.23 % | ||
| R1 | 3,630.00 | 1.97 % | ||
| Current price | 3,560.00 | |||
| Support | S1 | 3,550.00 | -0.281% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
7236 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥80.00 | 3.48% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥80.00 | 3.11% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥120.00 | 4.76% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥40.00 | 1.26% |
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