Taka-Q Co.,Ltd. Stock Forecast

Red day on Wednesday for Taka-Q Co.,Ltd.
(Updated on Apr 24, 2024)

8166.T Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -28.15%. 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). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Taka-Q 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¥100.43. On a fall, the stock will find some support from the long-term average at approximately JP¥90.26. 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.

Support, Risk & Stop-loss for Taka-Q Co.,Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥91.00 and JP¥86.00. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at JP¥86.00 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥2.00 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 4.10%.

Our recommended stop-loss: JP¥90.87 (-6.32%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (8166.T) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Taka-Q Co.,Ltd. to open at JP¥96.33, and during the day (based on 14 day Average True Range), to move between JP¥84.87 and JP¥109.13, which gives a possible trading interval of +/-JP¥12.13 (+/-12.51%) up or down from last closing price. If Taka-Q Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 25.02% 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¥91.00 (6.19%) than the resistance at JP¥107.00 (10.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Taka-Q Co.,Ltd. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.936 Buy Candidate Unchanged

Predicted Opening Price for Taka-Q Co.,Ltd. of Thursday, April 25, 2024

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