Tokyo Tatemono Co.,Ltd. Stock Forecast
Stronger technical forecast for Tokyo Tatemono Co.,Ltd. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Tokyo Tatemono Co.,Ltd. stock price gained 0.83% on the last trading day (Friday, 28th Jun 2024), rising from JP¥2,518.00 to JP¥2,539.00. During the last trading day the stock fluctuated 1.67% from a day low at JP¥2,508.00 to a day high of JP¥2,550.00. The price has risen in 6 of the last 10 days but is still down by -0.06% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 194 thousand more shares were traded than the day before. In total, 947 thousand shares were bought and sold for approximately JP¥2.40 billion.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥2,558.72 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.73% during the next 3 months and, with a 90% probability hold a price between JP¥2,295.88 and JP¥2,463.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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¥2,501.93 and JP¥2,509.30. 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 5.75%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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¥42.00 (1.67%) between high and low. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: JP¥2,435.92 (-4.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (8804.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tokyo Tatemono Co.,Ltd. to open at JP¥2,532.33, and during the day (based on 14 day Average True Range), to move between JP¥2,473.63 and JP¥2,604.37, which gives a possible trading interval of +/-JP¥65.37 (+/-2.57%) 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 5.15% 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¥2,543.00 (0.16%) than the support at JP¥2,513.50 (1.00%), 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 Tokyo Tatemono Co.,Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.194 Buy Candidate Upgraded
Predicted Opening Price for Tokyo Tatemono Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥2,532.33 ( 0.263%) | JP¥2,539.00 |
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 | 2,574.33 | 1.39% |
| R2 | 2,558.29 | 0.760% |
| R1 | 2,548.38 | 0.369% |
| Price | 2,539.00 | |
| S1 | 2,516.29 | -0.89% |
| S2 | 2,506.38 | -1.28% |
| S3 | 2,490.33 | -1.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,702.50 | 6.44% |
| R2 | 2,631.50 | 3.64% |
| R1 | 2,543.00 | 0.158% |
| Price | 2,539.00 | |
| S1 | 2,513.50 | -1.00% |
| S2 | 2,502.50 | -1.44% |
| S3 | 2,455.00 | -3.31% |
8804 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥37.00 | 1.46% |
| 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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