TOYOTA TSUSHO CORPORATION Stock Forecast
Stronger technical forecast for TOYOTA TSUSHO CORPORATION stock price after Thursday trading.
(Updated on May 02, 2024)
The TOYOTA TSUSHO CORPORATION stock price gained 2.42% on the last trading day (Thursday, 2nd May 2024), rising from JP¥9,788.00 to JP¥10,025.00. During the last trading day the stock fluctuated 2.44% from a day low at JP¥9,850.00 to a day high of JP¥10,090.00. The price has risen in 6 of the last 10 days and is up by 4.11% over the past 2 weeks. Volume fell on the last day by -800 shares and in total, 891 thousand shares were bought and sold for approximately JP¥8.94 billion. 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 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 6.72% during the next 3 months and, with a 90% probability hold a price between JP¥10,030.02 and JP¥11,577.98 at the end of this 3-month period.
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8015.T Signals & Forecast
The TOYOTA TSUSHO CORPORATION 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¥9,792.00 and JP¥9,938.26. 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. 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 Tuesday, April 30, 2024, and so far it has fallen -0.546%. 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).
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 3.69% to JP¥10,395.23 within 26 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for TOYOTA TSUSHO CORPORATION stock
TOYOTA TSUSHO CORPORATION finds support from accumulated volume at JP¥9,674.00 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¥240.00 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: JP¥9,650.42 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (8015.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect TOYOTA TSUSHO CORPORATION to open at JP¥9,988.33, and during the day (based on 14 day Average True Range), to move between JP¥9,722.84 and JP¥10,327.16, which gives a possible trading interval of +/-JP¥302.16 (+/-3.01%) up or down from last closing price. If TOYOTA TSUSHO CORPORATION takes out the full calculated possible swing range there will be an estimated 6.03% 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¥10,080.00 (0.55%) than the support at JP¥9,674.00 (3.50%), 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 TOYOTA TSUSHO CORPORATION stock A Buy?
TOYOTA TSUSHO CORPORATION holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.246 Hold/Accumulate Upgraded
Predicted Opening Price for TOYOTA TSUSHO CORPORATION of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥9,988.33 ( 0.366%) | JP¥10,025.00 |
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 | 10,228.33 | 2.03 % | |
| R2 | 10,136.65 | 1.11 % | ||
| R1 | 10,080.01 | 0.549 % | ||
| Current price: | 10,025.00 | |||
| Support | S1 | 9,896.65 | -1.28 % | |
| S2 | 9,840.01 | -1.85 % | ||
| S3 | 9,748.33 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,480.00 | 4.54 % | |
| R2 | 10,160.00 | 1.35 % | ||
| R1 | 10,080.00 | 0.549 % | ||
| Current price | 10,025.00 | |||
| Support | S1 | 9,674.00 | -3.50% | |
| S2 | 9,321.00 | -7.02% | ||
| S3 | 9,252.00 | -7.71% |
8015 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥107.00 | 1.20% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥106.00 | 1.94% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥96.00 | 2.08% |
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