Tokyo Tatemono Co.,Ltd. Stock Forecast
Stronger technical forecast for Tokyo Tatemono Co.,Ltd. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Tokyo Tatemono Co.,Ltd. stock price gained 2.88% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥2,450.50 to JP¥2,521.00. During the last trading day the stock fluctuated 2.72% from a day low at JP¥2,466.00 to a day high of JP¥2,533.00. The price has been going up and down for this period, and there has been a -0.71% loss for the last 2 weeks. Volume fell on the last day by -78 thousand shares and in total, 804 thousand shares were bought and sold for approximately JP¥2.03 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.11% during the next 3 months and, with a 90% probability hold a price between JP¥2,318.30 and JP¥2,553.50 at the end of this 3-month period.
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8804.T Signals & Forecast
The Tokyo Tatemono Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,451.93 and JP¥2,513.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 5.00%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Tokyo Tatemono Co.,Ltd. stock
Tokyo Tatemono Co.,Ltd. finds support from accumulated volume at JP¥2,513.50 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¥67.00 (2.72%) between high and low. For the last week, the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: JP¥2,430.24 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (8804.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Tokyo Tatemono Co.,Ltd. to open at JP¥2,506.67, and during the day (based on 14 day Average True Range), to move between JP¥2,452.21 and JP¥2,589.79, which gives a possible trading interval of +/-JP¥68.79 (+/-2.73%) up or down from last closing price. If Tokyo Tatemono Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.46% 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¥2,513.50 (0.30%) than the resistance at JP¥2,543.00 (0.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tokyo Tatemono Co.,Ltd. stock A Buy?
Tokyo Tatemono Co.,Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.703 Hold/Accumulate Upgraded
Predicted Opening Price for Tokyo Tatemono Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥2,506.67 ( 0.569%) | JP¥2,521.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8804.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,573.67 | 2.09% |
| R2 | 2,548.07 | 1.07% |
| R1 | 2,532.26 | 0.447% |
| Price | 2,521.00 | |
| S1 | 2,481.07 | -1.58% |
| S2 | 2,465.26 | -2.21% |
| S3 | 2,439.67 | -3.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,702.50 | 7.20% |
| R2 | 2,631.50 | 4.38% |
| R1 | 2,543.00 | 0.87% |
| Price | 2,521.00 | |
| S1 | 2,513.50 | -0.298% |
| S2 | 2,502.50 | -0.734% |
| S3 | 2,455.00 | -2.62% |
8804 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥37.00 | 1.47% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 28, 2024 | JP¥37.00 | 1.45% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥36.00 | 1.95% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥36.00 | 2.26% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥29.00 | 1.54% |
FAQ
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