THE TOCHIGI BANK,LTD. Stock Forecast
THE TOCHIGI BANK,LTD. stock price down 0.80% on Friday
(Updated on Jun 28, 2024)
The THE TOCHIGI BANK,LTD. stock price fell by -0.80% on the last day (Friday, 28th Jun 2024) from JP¥373.00 to JP¥370.00. During the last trading day the stock fluctuated 2.45% from a day low at JP¥368.00 to a day high of JP¥377.00. The price has been going up and down for this period, and there has been a 3.64% gain for the last 2 weeks. Volume has increased on the last day by 404 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, 582 thousand shares were bought and sold for approximately JP¥215.19 million.
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 3.69% during the next 3 months and, with a 90% probability hold a price between JP¥358.92 and JP¥413.05 at the end of this 3-month period.
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8550.T Signals & Forecast
The THE TOCHIGI BANK,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥362.86 and JP¥368.34. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.80%. Further fall is indicated until a new bottom pivot has been found. 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 TOCHIGI BANK,LTD. stock
THE TOCHIGI BANK,LTD. finds support from accumulated volume at JP¥367.00 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¥9.00 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8550.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect THE TOCHIGI BANK,LTD. to open at JP¥371.67, and during the day (based on 14 day Average True Range), to move between JP¥360.47 and JP¥379.53, which gives a possible trading interval of +/-JP¥9.53 (+/-2.58%) up or down from last closing price. If THE TOCHIGI BANK,LTD. takes out the full calculated possible swing range there will be an estimated 5.15% 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¥371.00 (0.27%) than the support at JP¥367.00 (0.81%), 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 THE TOCHIGI BANK,LTD. stock A Buy?
THE TOCHIGI BANK,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.
Current score: -1.134 Sell Candidate Unchanged
Predicted Opening Price for THE TOCHIGI BANK,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥371.67 ( 0.450%) | JP¥370.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8550.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 380.67 | 2.88% |
| R2 | 377.23 | 1.95% |
| R1 | 375.10 | 1.38% |
| Price | 370.00 | |
| S1 | 368.23 | -0.479% |
| S2 | 366.10 | -1.05% |
| S3 | 362.67 | -1.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 394.00 | 6.49% |
| R2 | 373.00 | 0.81% |
| R1 | 371.00 | 0.270% |
| Price | 370.00 | |
| S1 | 367.00 | -0.81% |
| S2 | 357.00 | -3.51% |
| S3 | 355.00 | -4.05% |
8550 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 28, 2024 | JP¥3.00 | 0.81% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥3.00 | 0.90% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.00 | 1.09% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥3.00 | 1.08% |
FAQ
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