TSUBAKIMOTO KOGYO CO.,LTD. Stock Forecast

Red day on Wednesday for TSUBAKIMOTO KOGYO CO.,LTD.
(Updated on Jul 03, 2024)

8052.T Signals & Forecast

The TSUBAKIMOTO KOGYO CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥2,245.57. On a fall, the stock will find some support from the long-term average at approximately JP¥2,210.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -2.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, June 24, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for TSUBAKIMOTO KOGYO CO.,LTD. stock

TSUBAKIMOTO KOGYO CO.,LTD. finds support from accumulated volume at JP¥2,149.00 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 1.17%. For the last week the stock has had daily average volatility of 1.74%.

Our recommended stop-loss: JP¥2,128.75 (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (8052.T) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect TSUBAKIMOTO KOGYO CO.,LTD. to open at JP¥2,224.00, and during the day (based on 14 day Average True Range), to move between JP¥2,172.51 and JP¥2,267.49, which gives a possible trading interval of +/-JP¥47.49 (+/-2.14%) up or down from last closing price. If TSUBAKIMOTO KOGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.28% 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¥2,267.00 (2.12%) than the support at JP¥2,149.00 (3.20%), 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 TSUBAKIMOTO KOGYO CO.,LTD. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for TSUBAKIMOTO KOGYO CO.,LTD. stock to perform well in the short-term.

Current score: 1.517 Buy Candidate Unchanged

Predicted Opening Price for TSUBAKIMOTO KOGYO CO.,LTD. of Thursday, July 4, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.