TOYO SECURITIES CO.,LTD. Stock Forecast
TOYO SECURITIES CO.,LTD. stock price ended at JP¥357.00 on Friday, after losing 3.51%.
(Updated on Apr 19, 2024)
The TOYO SECURITIES CO.,LTD. stock price fell by -3.51% on the last day (Friday, 19th Apr 2024) from JP¥370.00 to JP¥357.00. During the last trading day the stock fluctuated 4.25% from a day low at JP¥353.00 to a day high of JP¥368.00. The price has been going up and down for this period, and there has been a 2.59% 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 -135 thousand shares and in total, 234 thousand shares were bought and sold for approximately JP¥83.36 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥351.74 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 13.93% during the next 3 months and, with a 90% probability hold a price between JP¥400.72 and JP¥519.31 at the end of this 3-month period.
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8614.T Signals & Forecast
There are mixed signals in the stock today. The TOYO SECURITIES CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥385.57. On a fall, the stock will find some support from the short-term average at JP¥355.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -17.55%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for TOYO SECURITIES CO.,LTD. stock
TOYO SECURITIES CO.,LTD. finds support from accumulated volume at JP¥356.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥15.00 between high and low, or 4.25%. For the last week, the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8614.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect TOYO SECURITIES CO.,LTD. to open at JP¥359.33, and during the day (based on 14 day Average True Range), to move between JP¥342.12 and JP¥371.88, which gives a possible trading interval of +/-JP¥14.88 (+/-4.17%) up or down from last closing price. If TOYO SECURITIES CO.,LTD. takes out the full calculated possible swing range there will be an estimated 8.33% 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¥356.00 (0.28%) than the resistance at JP¥428.00 (19.89%), 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
TOYO SECURITIES CO.,LTD. will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for TOYO SECURITIES CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.67% in the first trading day after earnings release.
Is TOYO SECURITIES CO.,LTD. stock A Buy?
TOYO SECURITIES CO.,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: -4.381 Sell Candidate Unchanged
Predicted Opening Price for TOYO SECURITIES CO.,LTD. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥359.33 ( 0.654%) | JP¥357.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8614.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 374.33 | 4.86 % | |
| R2 | 368.60 | 3.25 % | ||
| R1 | 365.06 | 2.26 % | ||
| Current price: | 357.00 | |||
| Support | S1 | 353.60 | -0.95 % | |
| S2 | 350.06 | -1.94 % | ||
| S3 | 344.33 | -3.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 433.00 | 21.29 % | |
| R2 | 432.00 | 21.01 % | ||
| R1 | 428.00 | 19.89 % | ||
| Current price | 357.00 | |||
| Support | S1 | 356.00 | -0.280% | |
| S2 | 346.00 | -3.08% | ||
| S3 | 320.00 | -10.36% |
8614 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥2.00 | 0.559% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥2.00 | 0.621% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥6.00 | 3.95% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥6.00 | 2.97% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥2.00 | 1.48% |
FAQ
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