TACHIBANA ELETECH CO.,LTD. Stock Forecast
Weaker technical forecast for TACHIBANA ELETECH CO.,LTD. as stock downgraded to Sell Candidate.
(Updated on May 08, 2024)
The TACHIBANA ELETECH CO.,LTD. stock price fell by -0.432% on the last day (Wednesday, 8th May 2024) from JP¥3,010.00 to JP¥2,997.00. During the last trading day the stock fluctuated 0.94% from a day low at JP¥2,987.00 to a day high of JP¥3,015.00. The price has risen in 6 of the last 10 days and is up by 3.92% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -800 shares and in total, 19 thousand shares were bought and sold for approximately JP¥58.14 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.36% during the next 3 months and, with a 90% probability hold a price between JP¥2,698.20 and JP¥3,124.37 at the end of this 3-month period.
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8159.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.92%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The TACHIBANA ELETECH CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥3,102.66. On a fall, the stock will find some support from the short-term average at JP¥2,993.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for TACHIBANA ELETECH CO.,LTD. stock
TACHIBANA ELETECH CO.,LTD. finds support from accumulated volume at JP¥2,943.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥28.00 (0.94%) between high and low. For the last week, the stock has had daily average volatility of 1.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8159.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect TACHIBANA ELETECH CO.,LTD. to open at JP¥2,999.67, and during the day (based on 14 day Average True Range), to move between JP¥2,944.07 and JP¥3,049.93, which gives a possible trading interval of +/-JP¥52.93 (+/-1.77%) up or down from last closing price. If TACHIBANA ELETECH CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.53% 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¥2,943.00 (1.80%) than the resistance at JP¥3,125.00 (4.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
TACHIBANA ELETECH CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for TACHIBANA ELETECH CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.86% in the first trading day after earnings release.
Is TACHIBANA ELETECH CO.,LTD. stock A Buy?
TACHIBANA ELETECH CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -1.863 Sell Candidate Downgraded
Predicted Opening Price for TACHIBANA ELETECH CO.,LTD. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥2,999.67 ( 0.0890%) | JP¥2,997.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8159.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,027.67 | 1.02 % | |
| R2 | 3,016.97 | 0.666 % | ||
| R1 | 3,010.36 | 0.446 % | ||
| Current price: | 2,997.00 | |||
| Support | S1 | 2,988.97 | -0.268 % | |
| S2 | 2,982.36 | -0.488 % | ||
| S3 | 2,971.67 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,175.00 | 5.94 % | |
| R2 | 3,150.00 | 5.11 % | ||
| R1 | 3,125.00 | 4.27 % | ||
| Current price | 2,997.00 | |||
| Support | S1 | 2,943.00 | -1.80% | |
| S2 | 2,901.00 | -3.20% | ||
| S3 | 2,884.00 | -3.77% |
8159 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¥50.00 | 1.76% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 2.53% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 2.52% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥30.00 | 1.83% |
FAQ
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