TOHO Co.,Ltd. Stock Forecast
TOHO Co.,Ltd. stock upgraded to Buy Candidate.
(Updated on Jul 03, 2024)
The TOHO Co.,Ltd. stock price gained 2.07% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥3,625.00 to JP¥3,700.00. During the last trading day the stock fluctuated 2.33% from a day low at JP¥3,645.00 to a day high of JP¥3,730.00. The price has been going up and down for this period, and there has been a -3.14% loss for the last 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 31 thousand shares were bought and sold for approximately JP¥113.96 million. 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 strong 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 15.68% during the next 3 months and, with a 90% probability hold a price between JP¥3,744.08 and JP¥4,616.07 at the end of this 3-month period.
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8142.T Signals & Forecast
The TOHO 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¥3,758.57. On a fall, the stock will find some support from the long-term average at approximately JP¥3,373.71. 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). 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 Thursday, June 27, 2024, and so far it has fallen -6.45%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for TOHO Co.,Ltd. stock
TOHO Co.,Ltd. finds support from accumulated volume at JP¥3,600.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥85.00 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 3.17%.
Our recommended stop-loss: JP¥3,561.44 (-3.74%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (8142.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect TOHO Co.,Ltd. to open at JP¥3,691.67, and during the day (based on 14 day Average True Range), to move between JP¥3,588.08 and JP¥3,811.92, which gives a possible trading interval of +/-JP¥111.92 (+/-3.02%) up or down from last closing price. If TOHO Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.05% 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¥3,740.00 (1.08%) than the support at JP¥3,600.00 (2.70%), 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 TOHO 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 TOHO Co.,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.408 Buy Candidate Upgraded
Predicted Opening Price for TOHO Co.,Ltd. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥3,691.67 ( 0.225%) | JP¥3,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8142.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,776.67 | 2.07% |
| R2 | 3,744.20 | 1.19% |
| R1 | 3,724.14 | 0.652% |
| Price | 3,700.00 | |
| S1 | 3,659.20 | -1.10% |
| S2 | 3,639.14 | -1.64% |
| S3 | 3,606.67 | -2.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,820.00 | 3.24% |
| R2 | 3,795.00 | 2.57% |
| R1 | 3,740.00 | 1.08% |
| Price | 3,700.00 | |
| S1 | 3,600.00 | -2.70% |
| S2 | 3,195.00 | -13.65% |
| S3 | 3,150.00 | -14.86% |
8142 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Oct 01, 2024 | JP¥55.00 | 1.49% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Apr 24, 2024 | JP¥35.00 | 1.06% |
| 3 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥30.00 | 1.15% |
| 4 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥25.00 | 1.59% |
| 5 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥10.00 | 0.797% |
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