Tokio Marine Holdings,Inc. Stock Forecast
Tokio Marine Holdings,Inc. stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The Tokio Marine Holdings,Inc. stock price gained 1.55% on the last trading day (Thursday, 2nd May 2024), rising from JP¥4,973.00 to JP¥5,050.00. During the last trading day the stock fluctuated 1.95% from a day low at JP¥4,972.00 to a day high of JP¥5,069.00. The price has risen in 7 of the last 10 days and is up by 10.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 216 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately JP¥23.19 billion.
The stock lies in the middle of a wide and strong 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 19.69% during the next 3 months and, with a 90% probability hold a price between JP¥5,649.95 and JP¥6,282.51 at the end of this 3-month period.
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8766.T Signals & Forecast
Mostly positive signals in the chart today. The Tokio Marine Holdings,Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥4,922.29 and JP¥4,734.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.41%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Tokio Marine Holdings,Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥4,367.00 and JP¥4,277.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tokio Marine Holdings,Inc. finds support just below today's level at JP¥4,367.00. If this is broken, then the next support from accumulated volume will be at JP¥4,277.00 and JP¥4,125.00.
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¥97.00 (1.95%) between high and low. For the last week, the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: JP¥4,859.11 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (8766.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Tokio Marine Holdings,Inc. to open at JP¥5,030.33, and during the day (based on 14 day Average True Range), to move between JP¥4,934.04 and JP¥5,165.96, which gives a possible trading interval of +/-JP¥115.96 (+/-2.30%) up or down from last closing price. If Tokio Marine Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥4,367.00, some JP¥683.00 (13.52%) from the current price of JP¥5,050.00, our system finds the risk reward attractive.
Is Tokio Marine Holdings,Inc. stock A Buy?
Tokio Marine Holdings,Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.124 Strong Buy Candidate Upgraded
Predicted Opening Price for Tokio Marine Holdings,Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥5,030.33 ( 0.389%) | JP¥5,050.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8766.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,127.33 | 1.53 % | |
| R2 | 5,090.28 | 0.798 % | ||
| R1 | 5,067.39 | 0.344 % | ||
| Current price: | 5,050.00 | |||
| Support | S1 | 4,993.28 | -1.12 % | |
| S2 | 4,970.39 | -1.58 % | ||
| S3 | 4,933.33 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5,050.00 | |||
| Support | S1 | 4,367.00 | -13.52% | |
| S2 | 4,277.00 | -15.31% | ||
| S3 | 4,125.00 | -18.32% |
8766 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥60.50 | 1.71% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 1.99% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥50.00 | 1.92% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥45.00 | 1.85% |
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