TOC Co.,Ltd. Stock Forecast
Green day on Thursday for TOC Co.,Ltd. stock after gaining 0.87%
(Updated on Apr 18, 2024)
The TOC Co.,Ltd. stock price gained 0.87% on the last trading day (Thursday, 18th Apr 2024), rising from JP¥807.00 to JP¥814.00. During the last trading day the stock fluctuated 3.01% from a day low at JP¥797.00 to a day high of JP¥821.00. The price has risen in 7 of the last 10 days and is up by 3.96% over the past 2 weeks. Volume fell on the last day by -85 thousand shares and in total, 109 thousand shares were bought and sold for approximately JP¥88.64 million. 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 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 16.52% during the next 3 months and, with a 90% probability hold a price between JP¥814.16 and JP¥997.39 at the end of this 3-month period.
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8841.T Signals & Forecast
The TOC Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥823.86. On a fall, the stock will find some support from the long-term average at approximately JP¥725.11. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -4.24%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for TOC Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥703.00 and JP¥694.00. 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, TOC Co.,Ltd. finds support just below today's level at JP¥703.00. If this is broken, then the next support from accumulated volume will be at JP¥694.00 and JP¥661.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥24.00 between high and low, or 3.01%. For the last week, the stock has had daily average volatility of 4.81%.
Our recommended stop-loss: JP¥776.88 (-4.56%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (8841.T) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect TOC Co.,Ltd. to open at JP¥810.67, and during the day (based on 14 day Average True Range), to move between JP¥786.09 and JP¥841.91, which gives a possible trading interval of +/-JP¥27.91 (+/-3.43%) up or down from last closing price. If TOC Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.86% 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¥830.00 (1.97%) than the support at JP¥703.00 (13.64%), 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 TOC Co.,Ltd. stock A Buy?
TOC 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.
Current score: -0.133 Hold/Accumulate Unchanged
Predicted Opening Price for TOC Co.,Ltd. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| JP¥810.67 ( 0.410%) | JP¥814.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8841.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 834.67 | 2.54 % | |
| R2 | 825.50 | 1.41 % | ||
| R1 | 819.83 | 0.717 % | ||
| Current price: | 814.00 | |||
| Support | S1 | 801.50 | -1.54 % | |
| S2 | 795.83 | -2.23 % | ||
| S3 | 786.67 | -3.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 850.00 | 4.42 % | |
| R2 | 845.00 | 3.81 % | ||
| R1 | 830.00 | 1.97 % | ||
| Current price | 814.00 | |||
| Support | S1 | 703.00 | -13.64% | |
| S2 | 694.00 | -14.74% | ||
| S3 | 661.00 | -18.80% |
8841 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¥5.00 | 0.768% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 0.795% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 0.694% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥5.00 | 0.730% |
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