TOP CULTURE Co.,Ltd. Stock Forecast
Red day on Thursday for TOP CULTURE Co.,Ltd. stock after losing 0%
(Updated on May 09, 2024)
No changes to the price of TOP CULTURE Co.,Ltd. stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 1.29% from a day low at JP¥155.00 to a day high of JP¥157.00. The price has risen in 5 of the last 10 days and is up by 0.65% over the past 2 weeks.
The stock is at the lower part of a very 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¥150.80 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect TOP CULTURE Co.,Ltd. stock with a 90% probability to be traded between JP¥149.99 and JP¥189.21 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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7640.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.65%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The TOP CULTURE Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥155.71. On a fall, the stock will find some support from the short-term average at JP¥154.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for TOP CULTURE Co.,Ltd. stock
TOP CULTURE Co.,Ltd. finds support from accumulated volume at JP¥153.00 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¥2.00 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7640.T) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect TOP CULTURE Co.,Ltd. to open at JP¥155.67, and during the day (based on 14 day Average True Range), to move between JP¥151.78 and JP¥158.22, which gives a possible trading interval of +/-JP¥3.22 (+/-2.08%) up or down from last closing price. If TOP CULTURE Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.16% 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¥153.00 (1.29%) than the resistance at JP¥160.00 (3.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TOP CULTURE Co.,Ltd. stock A Buy?
TOP CULTURE Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.430 Sell Candidate Unchanged
Predicted Opening Price for TOP CULTURE Co.,Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| JP¥155.67 ( 0.430%) | JP¥155.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7640.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 157.67 | 1.72 % | |
| R2 | 156.90 | 1.23 % | ||
| R1 | 156.43 | 0.92 % | ||
| Current price: | 155.00 | |||
| Support | S1 | 154.90 | -0.0628 % | |
| S2 | 154.43 | -0.367 % | ||
| S3 | 153.67 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 191.00 | 23.23 % | |
| R2 | 163.00 | 5.16 % | ||
| R1 | 160.00 | 3.23 % | ||
| Current price | 155.00 | |||
| Support | S1 | 153.00 | -1.29% | |
| S2 | 152.00 | -1.94% | ||
| S3 | 151.00 | -2.58% |
7640 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Jul 01, 2024 | JP¥3.00 | 1.94% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Oct 30, 2023 | JP¥3.00 | 1.69% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥3.00 | 1.56% |
| 4 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥3.00 | 1.50% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥3.00 | 1.06% |
FAQ
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