TAKASHO CO.,LTD. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for TAKASHO CO.,LTD. stock price after Monday trading.
(Updated on May 20, 2024)
The TAKASHO CO.,LTD. stock price gained 0.97% on the last trading day (Monday, 20th May 2024), rising from JP¥515.00 to JP¥520.00. During the last trading day the stock fluctuated 1.16% from a day low at JP¥517.00 to a day high of JP¥523.00. The price has risen in 5 of the last 10 days and is up by 1.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately JP¥23.97 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¥480.20 and JP¥545.62 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
Mostly positive signals in the chart today. The TAKASHO CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥517.86 and JP¥512.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.26%. 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 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¥6.00 between high and low, or 1.16%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: JP¥500.24 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (7590.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect TAKASHO CO.,LTD. to open at JP¥520.00, and during the day (based on 14 day Average True Range), to move between JP¥510.90 and JP¥529.10, which gives a possible trading interval of +/-JP¥9.10 (+/-1.75%) up or down from last closing price. If TAKASHO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.50% 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 (0.96%) than the resistance at JP¥558.00 (7.31%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for TAKASHO CO.,LTD. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.496 Buy Candidate Upgraded
Predicted Opening Price for TAKASHO CO.,LTD. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥520.00 ( 0%) | JP¥520.00 |
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 | 526.00 | 1.15 % | |
| R2 | 523.71 | 0.713 % | ||
| R1 | 522.29 | 0.441 % | ||
| Current price: | 520.00 | |||
| Support | S1 | 517.71 | -0.441 % | |
| S2 | 516.29 | -0.713 % | ||
| S3 | 514.00 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 566.00 | 8.85 % | |
| R2 | 563.00 | 8.27 % | ||
| R1 | 558.00 | 7.31 % | ||
| Current price | 520.00 | |||
| Support | S1 | 515.00 | -0.96% | |
| S2 | 511.00 | -1.73% | ||
| S3 | 508.00 | -2.31% |
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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