TOMY COMPANY,LTD. Stock Forecast
TOMY COMPANY,LTD. stock upgraded to Buy Candidate.
(Updated on May 10, 2024)
The TOMY COMPANY,LTD. stock price gained 1.62% on the last trading day (Friday, 10th May 2024), rising from JP¥2,651.00 to JP¥2,694.00. During the last trading day the stock fluctuated 2.74% from a day low at JP¥2,627.00 to a day high of JP¥2,699.00. The price has been going up and down for this period, and there has been a 7.59% gain 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, 88 thousand more shares were traded than the day before. In total, 426 thousand shares were bought and sold for approximately JP¥1.15 billion.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.87% during the next 3 months and, with a 90% probability hold a price between JP¥2,614.62 and JP¥3,119.77 at the end of this 3-month period.
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7867.T Signals & Forecast
Mostly positive signals in the chart today. The TOMY COMPANY,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,613.64 and JP¥2,666.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.31%. 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 TOMY COMPANY,LTD. stock
TOMY COMPANY,LTD. finds support from accumulated volume at JP¥2,667.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥72.00 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: JP¥2,579.50 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (7867.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect TOMY COMPANY,LTD. to open at JP¥2,673.33, and during the day (based on 14 day Average True Range), to move between JP¥2,625.98 and JP¥2,762.02, which gives a possible trading interval of +/-JP¥68.02 (+/-2.52%) up or down from last closing price. If TOMY COMPANY,LTD. takes out the full calculated possible swing range there will be an estimated 5.05% 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¥2,667.50 (0.98%) than the resistance at JP¥2,726.00 (1.19%), 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
TOMY COMPANY,LTD. will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for TOMY COMPANY,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.26% in the first trading day after earnings release.
Is TOMY COMPANY,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 TOMY COMPANY,LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.629 Buy Candidate Upgraded
Predicted Opening Price for TOMY COMPANY,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥2,673.33 ( 0.767%) | JP¥2,694.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7867.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,745.33 | 1.91 % | |
| R2 | 2,717.83 | 0.88 % | ||
| R1 | 2,700.84 | 0.254 % | ||
| Current price: | 2,694.00 | |||
| Support | S1 | 2,645.83 | -1.79 % | |
| S2 | 2,628.84 | -2.42 % | ||
| S3 | 2,601.33 | -3.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,868.00 | 6.46 % | |
| R2 | 2,756.00 | 2.30 % | ||
| R1 | 2,726.00 | 1.19 % | ||
| Current price | 2,694.00 | |||
| Support | S1 | 2,667.50 | -0.98% | |
| S2 | 2,652.00 | -1.56% | ||
| S3 | 2,564.00 | -4.83% |
7867 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥17.50 | 0.794% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥15.00 | 1.01% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥17.50 | 1.41% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥22.50 | 1.82% |
FAQ
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