TAKARA PRINTING CO.,LTD. Stock Forecast
Green day on Friday for TAKARA PRINTING CO.,LTD.
(Updated on May 31, 2024)
The TAKARA PRINTING CO.,LTD. stock price gained 1.75% on the last trading day (Friday, 31st May 2024), rising from JP¥2,626.00 to JP¥2,672.00. During the last trading day the stock fluctuated 1.40% from a day low at JP¥2,643.00 to a day high of JP¥2,680.00. The price has been going up and down for this period, and there has been a -0.11% loss for the last 2 weeks. Volume fell on the last day by -39 thousand shares and in total, 65 thousand shares were bought and sold for approximately JP¥173.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is JP¥2,644.01, a level that may pose a second chance to hit a runner. According to fan-theory JP¥2,830.61 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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7921.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -0.224%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The TAKARA PRINTING 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¥2,646.00 and JP¥2,623.77. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for TAKARA PRINTING CO.,LTD. stock
TAKARA PRINTING CO.,LTD. finds support from accumulated volume at JP¥2,651.00 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¥37.00 between high and low, or 1.40%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: JP¥2,579.78 (-3.45%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (7921.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect TAKARA PRINTING CO.,LTD. to open at JP¥2,665.00, and during the day (based on 14 day Average True Range), to move between JP¥2,628.54 and JP¥2,715.46, which gives a possible trading interval of +/-JP¥43.46 (+/-1.63%) up or down from last closing price. If TAKARA PRINTING CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.25% 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¥2,651.00 (0.79%) than the resistance at JP¥2,716.00 (1.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TAKARA PRINTING CO.,LTD. stock A Buy?
TAKARA PRINTING 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: 0.133 Hold/Accumulate Unchanged
Predicted Opening Price for TAKARA PRINTING CO.,LTD. of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
JP¥2,665.00 ( 0.262%) | JP¥2,672.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7921.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,702.00 | 1.12 % | |
R2 | 2,687.87 | 0.594 % | ||
R1 | 2,679.13 | 0.267 % | ||
Current price: | 2,672.00 | |||
Support | S1 | 2,650.87 | -0.791 % | |
S2 | 2,642.13 | -1.12 % | ||
S3 | 2,628.00 | -1.65 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,786.00 | 4.27 % | |
R2 | 2,761.00 | 3.33 % | ||
R1 | 2,716.00 | 1.65 % | ||
Current price | 2,672.00 | |||
Support | S1 | 2,651.00 | -0.786% | |
S2 | 2,626.00 | -1.72% | ||
S3 | 2,614.00 | -2.17% |
7921 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥0 | 0% |
2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | JP¥0 | 0% |
3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥35.00 | 1.52% |
4 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥35.00 | 1.67% |
5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥2.00 | 0.111% |
FAQ
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