TOYOTA TSUSHO CORPORATION Stock Forecast
TOYOTA TSUSHO CORPORATION stock downgraded to Sell Candidate
(Updated on Apr 19, 2024)
The TOYOTA TSUSHO CORPORATION stock price fell by -2.37% on the last day (Friday, 19th Apr 2024) from JP¥9,532.00 to JP¥9,306.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 4.95% from a day low at JP¥9,084.00 to a day high of JP¥9,534.00. The price has fallen in 6 of the last 10 days and is down by -6.67% for this period. Volume has increased on the last day by 547 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, 1 million shares were bought and sold for approximately JP¥11.99 billion.
Given the current short-term trend, the stock is expected to rise 7.07% during the next 3 months and, with a 90% probability hold a price between JP¥9,963.93 and JP¥11,518.48 at the end of this 3-month period.
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8015.T Signals & Forecast
There are few to no technical positive signals at the moment. The TOYOTA TSUSHO CORPORATION 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¥9,829.43 and JP¥9,961.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -11.58%. 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). 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 TOYOTA TSUSHO CORPORATION stock
TOYOTA TSUSHO CORPORATION finds support from accumulated volume at JP¥9,271.00 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¥450.00 between high and low, or 4.95%. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8015.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect TOYOTA TSUSHO CORPORATION to open at JP¥9,308.00, and during the day (based on 14 day Average True Range), to move between JP¥9,014.87 and JP¥9,597.13, which gives a possible trading interval of +/-JP¥291.13 (+/-3.13%) up or down from last closing price. If TOYOTA TSUSHO CORPORATION takes out the full calculated possible swing range there will be an estimated 6.26% 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¥9,321.00 (0.16%) than the support at JP¥9,271.00 (0.38%), 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.
Earnings coming up
TOYOTA TSUSHO CORPORATION will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for TOYOTA TSUSHO CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.34% in the first trading day after earnings release.
Is TOYOTA TSUSHO CORPORATION stock A Buy?
The TOYOTA TSUSHO CORPORATION stock holds several negative signals and despite the positive trend, we believe TOYOTA TSUSHO CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.538 Sell Candidate Downgraded
Predicted Opening Price for TOYOTA TSUSHO CORPORATION of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥9,308.00 ( 0.0215%) | JP¥9,306.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8015.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,758.00 | 4.86 % | |
| R2 | 9,586.10 | 3.01 % | ||
| R1 | 9,479.90 | 1.87 % | ||
| Current price: | 9,306.00 | |||
| Support | S1 | 9,136.10 | -1.83 % | |
| S2 | 9,029.90 | -2.97 % | ||
| S3 | 8,858.00 | -4.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,734.00 | 4.60 % | |
| R2 | 9,674.00 | 3.95 % | ||
| R1 | 9,321.00 | 0.161 % | ||
| Current price | 9,306.00 | |||
| Support | S1 | 9,271.00 | -0.376% | |
| S2 | 9,252.00 | -0.580% | ||
| S3 | 9,217.00 | -0.96% |
8015 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¥107.00 | 1.20% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥106.00 | 1.94% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥96.00 | 2.08% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥90.00 | 1.77% |
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