Takashimaya Company,Limited Stock Forecast
Takashimaya Company,Limited stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 13, 2024)
The Takashimaya Company,Limited stock price fell by -0.80% on the last day (Monday, 13th May 2024) from JP¥2,311.50 to JP¥2,293.00. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.99% from a day low at JP¥2,277.50 to a day high of JP¥2,300.00. The price has been going up and down for this period, and there has been a 1.46% gain for the last 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 -182 thousand shares and in total, 688 thousand shares were bought and sold for approximately JP¥1.58 billion.
The stock lies in the middle of a wide and weak 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 2.69% during the next 3 months and, with a 90% probability hold a price between JP¥2,257.40 and JP¥2,611.49 at the end of this 3-month period.
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8233.T Signals & Forecast
There are mixed signals in the stock today. The Takashimaya Company,Limited 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¥2,299.36 and JP¥2,343.37. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 4.80%. 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 Takashimaya Company,Limited stock
Takashimaya Company,Limited finds support from accumulated volume at JP¥2,256.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥22.50 between high and low, or 0.99%. For the last week, the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: JP¥2,183.30 (-4.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (8233.T) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Takashimaya Company,Limited to open at JP¥2,290.17, and during the day (based on 14 day Average True Range), to move between JP¥2,241.59 and JP¥2,344.41, which gives a possible trading interval of +/-JP¥51.41 (+/-2.24%) up or down from last closing price. If Takashimaya Company,Limited takes out the full calculated possible swing range there will be an estimated 4.48% 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¥2,293.50 (0.02%) than the support at JP¥2,256.50 (1.59%), 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 Takashimaya Company,Limited 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 Takashimaya Company,Limited 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: 1.894 Buy Candidate Upgraded
Predicted Opening Price for Takashimaya Company,Limited of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| JP¥2,290.17 ( 0.124%) | JP¥2,293.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8233.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,312.67 | 0.86 % | |
| R2 | 2,304.07 | 0.483 % | ||
| R1 | 2,298.76 | 0.251 % | ||
| Current price: | 2,293.00 | |||
| Support | S1 | 2,281.57 | -0.498 % | |
| S2 | 2,276.26 | -0.730 % | ||
| S3 | 2,267.67 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,522.50 | 10.01 % | |
| R2 | 2,354.50 | 2.68 % | ||
| R1 | 2,293.50 | 0.0218 % | ||
| Current price | 2,293.00 | |||
| Support | S1 | 2,256.50 | -1.59% | |
| S2 | 2,243.50 | -2.16% | ||
| S3 | 2,188.50 | -4.56% |
8233 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥14.00 | 0.645% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥14.00 | 0.740% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥12.00 | 0.788% |
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