THE TOTTORI BANK,LTD. Stock Forecast
THE TOTTORI BANK,LTD. stock price ended at JP¥1,371.00 on Thursday, after losing 0.436%.
(Updated on May 02, 2024)
The THE TOTTORI BANK,LTD. stock price fell by -0.436% on the last day (Thursday, 2nd May 2024) from JP¥1,377.00 to JP¥1,371.00. During the last trading day the stock fluctuated 0.729% from a day low at JP¥1,371.00 to a day high of JP¥1,381.00. The price has fallen in 5 of the last 10 days but is still up by 1.41% over the past 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 thousand shares were bought and sold for approximately JP¥22.90 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥1,345.54 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.34% during the next 3 months and, with a 90% probability hold a price between JP¥1,314.05 and JP¥1,552.07 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
8383.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.41%. 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 THE TOTTORI BANK,LTD. 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¥1,384.86 and JP¥1,446.46. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for THE TOTTORI BANK,LTD. stock
THE TOTTORI BANK,LTD. finds support from accumulated volume at JP¥1,370.00 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¥10.00 between high and low, or 0.729%. For the last week the stock has had daily average volatility of 1.06%.
Our recommended stop-loss: JP¥1,304.11 (-4.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (8383.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect THE TOTTORI BANK,LTD. to open at JP¥1,374.33, and during the day (based on 14 day Average True Range), to move between JP¥1,348.20 and JP¥1,393.80, which gives a possible trading interval of +/-JP¥22.80 (+/-1.66%) up or down from last closing price. If THE TOTTORI BANK,LTD. takes out the full calculated possible swing range there will be an estimated 3.33% 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¥1,370.00 (0.07%) than the resistance at JP¥1,382.00 (0.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is THE TOTTORI BANK,LTD. stock A Buy?
THE TOTTORI BANK,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.213 Hold/Accumulate Unchanged
Predicted Opening Price for THE TOTTORI BANK,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,374.33 ( 0.243%) | JP¥1,371.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8383.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,384.33 | 0.97 % | |
| R2 | 1,380.51 | 0.694 % | ||
| R1 | 1,378.15 | 0.522 % | ||
| Current price: | 1,371.00 | |||
| Support | S1 | 1,370.51 | -0.0355 % | |
| S2 | 1,368.15 | -0.208 % | ||
| S3 | 1,364.33 | -0.486 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,585.00 | 15.61 % | |
| R2 | 1,486.00 | 8.39 % | ||
| R1 | 1,382.00 | 0.80 % | ||
| Current price | 1,371.00 | |||
| Support | S1 | 1,370.00 | -0.0729% | |
| S2 | 1,369.00 | -0.146% | ||
| S3 | 1,352.00 | -1.39% |
8383 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¥25.00 | 1.73% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 2.19% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 2.26% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥25.00 | 2.06% |
FAQ
Click here for our free guide on how to buy THE TOTTORI BANK,LTD. Stock.
