TOHTO SUISAN CO.,LTD. Stock Forecast
Stronger technical forecast for TOHTO SUISAN CO.,LTD. stock price after Wednesday trading.
(Updated on Apr 24, 2024)
No changes to the price of TOHTO SUISAN CO.,LTD. stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at JP¥6,490.00 to a day high of JP¥6,490.00. The price has risen in 4 of the last 10 days but is still down by -1.52% for this period.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect TOHTO SUISAN CO.,LTD. stock with a 90% probability to be traded between JP¥6,077.95 and JP¥7,224.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8038.T Signals & Forecast
There are mixed signals in the stock today. The TOHTO SUISAN 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¥6,530.00 and JP¥6,666.00. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.464%. 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).
Support, Risk & Stop-loss for TOHTO SUISAN CO.,LTD. stock
TOHTO SUISAN CO.,LTD. finds support from accumulated volume at JP¥6,440.00 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved JP¥0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.86%.
Our recommended stop-loss: JP¥6,108.85 (-5.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (8038.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect TOHTO SUISAN CO.,LTD. to open at JP¥6,490.00, and during the day (based on 14 day Average True Range), to move between JP¥6,391.04 and JP¥6,588.96, which gives a possible trading interval of +/-JP¥98.96 (+/-1.52%) up or down from last closing price. If TOHTO SUISAN CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.05% 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¥6,440.00 (0.77%) than the resistance at JP¥6,790.00 (4.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TOHTO SUISAN CO.,LTD. stock A Buy?
TOHTO SUISAN 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.606 Hold/Accumulate Upgraded
Predicted Opening Price for TOHTO SUISAN CO.,LTD. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥6,490.00 ( 0%) | JP¥6,490.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8038.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,490.00 | . | |
| R2 | 6,490.00 | . | ||
| R1 | 6,490.00 | . | ||
| Current price: | 6,490.00 | |||
| Support | S1 | 6,490.00 | . | |
| S2 | 6,490.00 | . | ||
| S3 | 6,490.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,840.00 | 5.39 % | |
| R2 | 6,830.00 | 5.24 % | ||
| R1 | 6,790.00 | 4.62 % | ||
| Current price | 6,490.00 | |||
| Support | S1 | 6,440.00 | -0.770% | |
| S2 | 6,410.00 | -1.23% | ||
| S3 | 6,260.00 | -3.54% |
8038 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥135.00 | 1.93% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥100.00 | 2.13% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥65.00 | 1.47% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥65.00 | 2.55% |
FAQ
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