Takashima & Co.,Ltd. Stock Forecast
Takashima & Co.,Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Takashima & Co.,Ltd. stock price fell by -0.572% on the last day (Friday, 28th Jun 2024) from JP¥1,049.00 to JP¥1,043.00. During the last trading day the stock fluctuated 2.49% from a day low at JP¥1,043.00 to a day high of JP¥1,069.00. The price has risen in 6 of the last 10 days but is still down by -0.67% for this period. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 61 thousand shares were bought and sold for approximately JP¥63.10 million.
The stock lies the upper part of a falling 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¥1,055.10 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.31% during the next 3 months and, with a 90% probability hold a price between JP¥820.11 and JP¥872.44 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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8007.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 1.16%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Takashima & Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,046.00 and JP¥1,058.09. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Takashima & Co.,Ltd. stock
Takashima & Co.,Ltd. finds support from accumulated volume at JP¥1,042.00 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¥26.00 between high and low, or 2.49%. For the last week the stock has had daily average volatility of 1.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8007.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Takashima & Co.,Ltd. to open at JP¥1,051.67, and during the day (based on 14 day Average True Range), to move between JP¥1,026.86 and JP¥1,059.14, which gives a possible trading interval of +/-JP¥16.14 (+/-1.55%) up or down from last closing price. If Takashima & Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.09% 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¥1,042.00 (0.10%) than the resistance at JP¥1,049.00 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Takashima & Co.,Ltd. stock A Buy?
Takashima & Co.,Ltd. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.742 Sell Candidate Downgraded
Predicted Opening Price for Takashima & Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥1,051.67 ( 0.83%) | JP¥1,043.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8007.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,077.67 | 3.32% |
| R2 | 1,067.73 | 2.37% |
| R1 | 1,061.60 | 1.78% |
| Price | 1,043.00 | |
| S1 | 1,041.73 | -0.121% |
| S2 | 1,035.60 | -0.710% |
| S3 | 1,025.67 | -1.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,166.00 | 11.79% |
| R2 | 1,098.00 | 5.27% |
| R1 | 1,049.00 | 0.575% |
| Price | 1,043.00 | |
| S1 | 1,042.00 | -0.0959% |
| S2 | 1,038.00 | -0.479% |
| S3 | 1,034.00 | -0.86% |
8007 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 05, 2024 | JP¥15.00 | 1.43% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥70.00 | 7.20% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥100.00 | 13.73% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥70.00 | 11.21% |
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