TOYO SECURITIES CO.,LTD. Stock Forecast
Evaluation of TOYO SECURITIES CO.,LTD. stock downgraded after the last trading session.
(Updated on May 02, 2024)
The TOYO SECURITIES CO.,LTD. stock price fell by -2.61% on the last day (Thursday, 2nd May 2024) from JP¥383.00 to JP¥373.00. During the last trading day the stock fluctuated 3.51% from a day low at JP¥370.00 to a day high of JP¥383.00. The price has risen in 6 of the last 10 days and is up by 4.78% over the past 2 weeks. Volume has increased on the last day by 27 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, 193 thousand shares were bought and sold for approximately JP¥71.91 million.
The stock lies in the middle of a very 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 4.01% during the next 3 months and, with a 90% probability hold a price between JP¥367.35 and JP¥460.26 at the end of this 3-month period.
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8614.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 7.18%. 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 TOYO SECURITIES CO.,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¥376.14 and JP¥381.57. 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 TOYO SECURITIES CO.,LTD. stock
TOYO SECURITIES CO.,LTD. finds support from accumulated volume at JP¥372.00 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¥13.00 between high and low, or 3.51%. For the last week, the stock has had daily average volatility of 5.41%.
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 Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect TOYO SECURITIES CO.,LTD. to open at JP¥375.33, and during the day (based on 14 day Average True Range), to move between JP¥357.34 and JP¥388.66, which gives a possible trading interval of +/-JP¥15.66 (+/-4.20%) 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 8.40% 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¥374.00 (0.27%) than the support at JP¥372.00 (0.27%), 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 TOYO SECURITIES CO.,LTD. stock A Buy?
The TOYO SECURITIES CO.,LTD. stock holds several negative signals and despite the positive trend, we believe TOYO SECURITIES CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.948 Sell Candidate Downgraded
Predicted Opening Price for TOYO SECURITIES CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥375.33 ( 0.626%) | JP¥373.00 |
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 | 388.33 | 4.11 % | |
| R2 | 383.37 | 2.78 % | ||
| R1 | 380.30 | 1.96 % | ||
| Current price: | 373.00 | |||
| Support | S1 | 370.37 | -0.706 % | |
| S2 | 367.30 | -1.53 % | ||
| S3 | 362.33 | -2.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 433.00 | 16.09 % | |
| R2 | 428.00 | 14.75 % | ||
| R1 | 374.00 | 0.268 % | ||
| Current price | 373.00 | |||
| Support | S1 | 372.00 | -0.268% | |
| S2 | 370.00 | -0.80% | ||
| S3 | 356.00 | -4.56% |
8614 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | JP¥2.00 | 0.536% |
| 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% |
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