TAKASHO CO.,LTD. Stock Forecast
TAKASHO CO.,LTD. stock price ended at JP¥517.00 on Thursday, after losing 0.577%.
(Updated on May 16, 2024)
The TAKASHO CO.,LTD. stock price fell by -0.577% on the last day (Thursday, 16th May 2024) from JP¥520.00 to JP¥517.00. During the last trading day the stock fluctuated 1.96% from a day low at JP¥511.00 to a day high of JP¥521.00. The price has risen in 4 of the last 10 days and is up by 1.17% over the past 2 weeks. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 27 thousand shares were bought and sold for approximately JP¥13.86 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TAKASHO CO.,LTD. stock with a 90% probability to be traded between JP¥481.33 and JP¥547.13 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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7590.T Signals & Forecast
The TAKASHO CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥517.86. On a fall, the stock will find some support from the long-term average at approximately JP¥513.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.66%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for TAKASHO CO.,LTD. stock
TAKASHO CO.,LTD. finds support from accumulated volume at JP¥515.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥10.00 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: JP¥492.87 (-4.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (7590.T) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect TAKASHO CO.,LTD. to open at JP¥516.33, and during the day (based on 14 day Average True Range), to move between JP¥507.71 and JP¥526.29, which gives a possible trading interval of +/-JP¥9.29 (+/-1.80%) up or down from last closing price. If TAKASHO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.59% 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¥515.00 (0.39%) than the resistance at JP¥558.00 (7.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
TAKASHO CO.,LTD. will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for TAKASHO CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.08% in the first trading day after earnings release.
Is TAKASHO CO.,LTD. stock A Buy?
TAKASHO 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.
Current score: 0.772 Hold/Accumulate Unchanged
Predicted Opening Price for TAKASHO CO.,LTD. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| JP¥516.33 ( 0.129%) | JP¥517.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7590.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 526.33 | 1.81 % | |
| R2 | 522.51 | 1.07 % | ||
| R1 | 520.15 | 0.610 % | ||
| Current price: | 517.00 | |||
| Support | S1 | 512.51 | -0.87 % | |
| S2 | 510.15 | -1.32 % | ||
| S3 | 506.33 | -2.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 566.00 | 9.48 % | |
| R2 | 563.00 | 8.90 % | ||
| R1 | 558.00 | 7.93 % | ||
| Current price | 517.00 | |||
| Support | S1 | 515.00 | -0.387% | |
| S2 | 511.00 | -1.16% | ||
| S3 | 508.00 | -1.74% |
7590 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 17, 2025 | Jan 17, 2025 | Jan 17, 2025 | JP¥0 | 0% |
| 2 | Jan 18, 2024 | Jan 18, 2024 | Jan 18, 2024 | JP¥0 | 0% |
| 3 | Jan 19, 2023 | Jan 19, 2023 | Jan 19, 2023 | JP¥23.00 | 3.38% |
| 4 | Jan 19, 2022 | Jan 19, 2022 | Jan 19, 2022 | JP¥23.00 | 3.24% |
| 5 | Jan 19, 2021 | Jan 19, 2021 | Jan 19, 2021 | JP¥13.00 | 1.61% |
FAQ
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