TRADERS HOLDINGS CO.,LTD. Stock Forecast
TRADERS HOLDINGS CO.,LTD. stock price ended at JP¥706.00 on Thursday, after losing 0.563%.
(Updated on May 16, 2024)
The TRADERS HOLDINGS CO.,LTD. stock price fell by -0.563% on the last day (Thursday, 16th May 2024) from JP¥710.00 to JP¥706.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.47% from a day low at JP¥692.00 to a day high of JP¥716.00. The price has fallen in 7 of the last 10 days and is down by -5.74% for this period. Volume has increased on the last day by 69 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, 263 thousand shares were bought and sold for approximately JP¥185.33 million.
The stock lies in the lower part of a 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¥698.17 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 10.78% during the next 3 months and, with a 90% probability hold a price between JP¥773.46 and JP¥874.38 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.
8704.T Signals & Forecast
There are few to no technical positive signals at the moment. The TRADERS HOLDINGS CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥725.00 and JP¥718.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -9.49%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for TRADERS HOLDINGS CO.,LTD. stock
TRADERS HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥705.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥24.00 (3.47%) between high and low. For the last week, the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8704.T) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect TRADERS HOLDINGS CO.,LTD. to open at JP¥704.67, and during the day (based on 14 day Average True Range), to move between JP¥680.06 and JP¥731.94, which gives a possible trading interval of +/-JP¥25.94 (+/-3.67%) up or down from last closing price. If TRADERS HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 7.35% 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¥705.00 (0.14%) than the resistance at JP¥708.00 (0.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TRADERS HOLDINGS CO.,LTD. stock A Buy?
The TRADERS HOLDINGS CO.,LTD. stock holds several negative signals and despite the positive trend, we believe TRADERS HOLDINGS CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.516 Sell Candidate Unchanged
Predicted Opening Price for TRADERS HOLDINGS CO.,LTD. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| JP¥704.67 ( 0.189%) | JP¥706.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8704.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 728.67 | 3.21 % | |
| R2 | 719.50 | 1.91 % | ||
| R1 | 713.83 | 1.11 % | ||
| Current price: | 706.00 | |||
| Support | S1 | 695.50 | -1.49 % | |
| S2 | 689.83 | -2.29 % | ||
| S3 | 680.67 | -3.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 780.00 | 10.48 % | |
| R2 | 749.00 | 6.09 % | ||
| R1 | 708.00 | 0.283 % | ||
| Current price | 706.00 | |||
| Support | S1 | 705.00 | -0.142% | |
| S2 | 696.00 | -1.42% | ||
| S3 | 680.00 | -3.68% |
8704 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 01, 2024 | JP¥9.00 | 1.27% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥8.00 | 1.15% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥17.00 | 3.56% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥11.00 | 3.15% |
FAQ
Click here for our free guide on how to buy TRADERS HOLDINGS CO.,LTD. Stock.
