Tamron Co.,Ltd. Stock Forecast
Red day on Friday for Tamron Co.,Ltd.
(Updated on May 17, 2024)
The Tamron Co.,Ltd. stock price fell by -0.627% on the last day (Friday, 17th May 2024) from JP¥7,980.00 to JP¥7,930.00. During the last trading day the stock fluctuated 1.64% from a day low at JP¥7,910.00 to a day high of JP¥8,040.00. The price has fallen in 6 of the last 10 days and is down by -1.61% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -24 thousand shares and in total, 80 thousand shares were bought and sold for approximately JP¥635.99 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥8,142.79 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 18.35% during the next 3 months and, with a 90% probability hold a price between JP¥7,776.63 and JP¥9,636.88 at the end of this 3-month period.
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7740.T Signals & Forecast
The Tamron 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¥7,950.00. On a fall, the stock will find some support from the long-term average at approximately JP¥7,093.71. 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. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -2.10%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Tamron Co.,Ltd. stock
Tamron Co.,Ltd. finds support from accumulated volume at JP¥7,780.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥130.00 between high and low, or 1.64%. For the last week, the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: JP¥7,589.36 (-4.30%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (7740.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Tamron Co.,Ltd. to open at JP¥7,960.00, and during the day (based on 14 day Average True Range), to move between JP¥7,656.50 and JP¥8,203.50, which gives a possible trading interval of +/-JP¥273.50 (+/-3.45%) up or down from last closing price. If Tamron Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.90% 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¥7,950.00 (0.25%) than the support at JP¥7,780.00 (1.89%), 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.
Is Tamron Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tamron Co.,Ltd. stock to perform well in the short-term.
Current score: 1.064 Buy Candidate Unchanged
Predicted Opening Price for Tamron Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥7,960.00 ( 0.378%) | JP¥7,930.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7740.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,090.00 | 2.02 % | |
| R2 | 8,040.34 | 1.39 % | ||
| R1 | 8,009.66 | 1.00 % | ||
| Current price: | 7,930.00 | |||
| Support | S1 | 7,910.34 | -0.248 % | |
| S2 | 7,879.66 | -0.635 % | ||
| S3 | 7,830.00 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,060.00 | 1.64 % | |
| R2 | 7,980.00 | 0.631 % | ||
| R1 | 7,950.00 | 0.252 % | ||
| Current price | 7,930.00 | |||
| Support | S1 | 7,780.00 | -1.89% | |
| S2 | 6,490.00 | -18.16% | ||
| S3 | 6,410.00 | -19.17% |
7740 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥35.00 | 0.88% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥5.00 | 0.166% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥30.00 | 1.18% |
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