T&D Holdings, Inc. Stock Forecast
Evaluation of T&D Holdings, Inc. stock downgraded after the last trading session.
(Updated on May 07, 2024)
The T&D Holdings, Inc. stock price fell by -0.87% on the last day (Tuesday, 7th May 2024) from JP¥2,593.00 to JP¥2,570.50. During the last trading day the stock fluctuated 2.44% from a day low at JP¥2,563.00 to a day high of JP¥2,625.50. The price has fallen in 6 of the last 10 days but is still up by 2.13% over the past 2 weeks. Volume has increased on the last day by 1 million 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, 3 million shares were bought and sold for approximately JP¥6.49 billion.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect T&D Holdings, Inc. stock with a 90% probability to be traded between JP¥2,473.53 and JP¥2,839.04 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8795.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 6.20%. 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 T&D Holdings, Inc. 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¥2,599.66. On a fall, the stock will find some support from the short-term average at JP¥2,545.07. 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. 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 T&D Holdings, Inc. stock
T&D Holdings, Inc. finds support from accumulated volume at JP¥2,550.00 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¥62.50 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8795.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect T&D Holdings, Inc. to open at JP¥2,586.33, and during the day (based on 14 day Average True Range), to move between JP¥2,492.04 and JP¥2,648.96, which gives a possible trading interval of +/-JP¥78.46 (+/-3.05%) up or down from last closing price. If T&D Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 6.10% 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¥2,587.00 (0.64%) than the support at JP¥2,550.00 (0.80%), 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 T&D Holdings, Inc. stock A Buy?
T&D Holdings, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.790 Sell Candidate Downgraded
Predicted Opening Price for T&D Holdings, Inc. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥2,586.33 ( 0.616%) | JP¥2,570.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8795.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,648.83 | 3.05 % | |
| R2 | 2,624.96 | 2.12 % | ||
| R1 | 2,610.21 | 1.54 % | ||
| Current price: | 2,570.50 | |||
| Support | S1 | 2,562.46 | -0.313 % | |
| S2 | 2,547.71 | -0.89 % | ||
| S3 | 2,523.83 | -1.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,603.00 | 1.26 % | |
| R2 | 2,593.00 | 0.88 % | ||
| R1 | 2,587.00 | 0.642 % | ||
| Current price | 2,570.50 | |||
| Support | S1 | 2,550.00 | -0.798% | |
| S2 | 2,440.50 | -5.06% | ||
| S3 | 2,364.50 | -8.01% |
8795 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¥35.00 | 1.37% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥31.00 | 1.93% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥31.00 | 2.20% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥28.00 | 1.64% |
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