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AI Analysis of 8600.T
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Red day on Thursday for TOMONY Holdings,Inc. stock after losing 0.242%
(Updated on May 02, 2024)

Buy candidate since May 01, 2024 Loss -0.24% PDF

The TOMONY Holdings,Inc. stock price fell by -0.242% on the last day (Thursday, 2nd May 2024) from JP¥414.00 to JP¥413.00. During the last trading day the stock fluctuated 1.72% from a day low at JP¥408.00 to a day high of JP¥415.00. The price has been going up and down for this period, and there has been a 2.23% gain for the last 2 weeks. Volume has increased on the last day by 331 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, 764 thousand shares were bought and sold for approximately JP¥315.62 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥405.92 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.00% during the next 3 months and, with a 90% probability hold a price between JP¥426.22 and JP¥474.08 at the end of this 3-month period.

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8600.T Signals & Forecast

The TOMONY Holdings,Inc. 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¥415.29 and JP¥416.26. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.48%. 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 TOMONY Holdings,Inc. stock

TOMONY Holdings,Inc. finds support from accumulated volume at JP¥410.00 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¥7.00 between high and low, or 1.72%. For the last week the stock has had daily average volatility of 1.86%.

Our recommended stop-loss: JP¥394.64 (-4.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (8600.T) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect TOMONY Holdings,Inc. to open at JP¥412.00, and during the day (based on 14 day Average True Range), to move between JP¥403.98 and JP¥422.02, which gives a possible trading interval of +/-JP¥9.02 (+/-2.18%) up or down from last closing price. If TOMONY Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 4.37% 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¥410.00 (0.73%) than the resistance at JP¥417.00 (0.97%), 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

TOMONY Holdings,Inc. will release earnings BMO on Tuesday, May 14, 2024. We will update the financials statements for TOMONY Holdings,Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.83% in the first trading day after earnings release.

Is TOMONY Holdings,Inc. 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: 1.862 Buy Candidate Unchanged

Predicted Opening Price for TOMONY Holdings,Inc. of Tuesday, May 7, 2024

Fair opening price May 7, 2024 Current price
JP¥412.00 ( 0.242%) JP¥413.00

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

Trading levels for 8600.T

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 419.00 1.45 %
R2 416.33 0.81 %
R1 414.67 0.405 %
Current price: 413.00
Support S1 409.33 -0.89 %
S2 407.67 -1.29 %
S3 405.00 -1.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 421.00 1.94 %
R2 418.00 1.21 %
R1 417.00 0.97 %
Current price 413.00
Support S1 410.00 -0.726%
S2 403.00 -2.42%
S3 387.00 -6.30%

8600 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 28, 2024 Mar 28, 2024 Mar 28, 2024 JP¥0 0%
2 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥5.00 1.42%
3 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥5.00 1.60%
4 Mar 30, 2022 Mar 30, 2022 Mar 30, 2022 JP¥4.50 1.33%
5 Sep 29, 2021 Sep 29, 2021 Sep 29, 2021 JP¥4.50 1.38%

FAQ

What is the symbol for TOMONY Holdings,Inc. Stock and on which exchange is it traded?
The symbol for TOMONY Holdings,Inc. is 8600.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell TOMONY Holdings,Inc. Stock?
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.

How to buy TOMONY Holdings,Inc. Stock?
TOMONY Holdings,Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy TOMONY Holdings,Inc. Stock.

What's the current price of TOMONY Holdings,Inc. Stock?
As of the end of day on the May 02, 2024, the price of an TOMONY Holdings,Inc. (8600.T) share was JP¥413.00.

What is the 52-week high and low for TOMONY Holdings,Inc. Stock?
The 52-week high for TOMONY Holdings,Inc. Stock is JP¥95.57 and the 52-week low is JP¥69.42.

What is the market capitalization of TOMONY Holdings,Inc. Stock?
As of the May 02, 2024, the market capitalization of TOMONY Holdings,Inc. is 79.361B.

When is the next earnings date for TOMONY Holdings,Inc.?
The upcoming earnings date for TOMONY Holdings,Inc. is May 14, 2024.
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About TOMONY Holdings,Inc.

TOMONY Holdings, Inc., through its subsidiaries, provides various banking and financial products and services. The company offers leasing and card services, as well as engages in banking operations. TOMONY Holdings, Inc. was incorporated in 2010 and is headquartered in Takamatsu, Japan.... 8600.T Profile

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