TOKYO RAKUTENCHI CO.,LTD. Stock Forecast
TOKYO RAKUTENCHI CO.,LTD. stock price down 0% on Tuesday
(Updated on Apr 23, 2024)
No changes to the price of TOKYO RAKUTENCHI CO.,LTD. stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 0% from a day low at JP¥6,710.00 to a day high of JP¥6,710.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥6,715.29 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect TOKYO RAKUTENCHI CO.,LTD. stock with a 90% probability to be traded between JP¥6,679.69 and JP¥6,722.62 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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8842.T Signals & Forecast
The TOKYO RAKUTENCHI CO.,LTD. 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¥6,710.00 and JP¥6,699.71. A breakdown below any of these levels will issue sell signals. 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 22, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, March 28, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, October 25, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 28, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, October 25, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, March 28, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, October 25, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for TOKYO RAKUTENCHI CO.,LTD. stock
TOKYO RAKUTENCHI CO.,LTD. finds support from accumulated volume at JP¥6,700.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved JP¥0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: JP¥6,441.60 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (8842.T) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect TOKYO RAKUTENCHI CO.,LTD. to open at JP¥6,710.00, and during the day (based on 14 day Average True Range), to move between JP¥6,704.78 and JP¥6,715.22, which gives a possible trading interval of +/-JP¥5.22 (+/-0.08%) up or down from last closing price. If TOKYO RAKUTENCHI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 0.16% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥6,700.00, some JP¥10.00 (0.15%) from the current price of JP¥6,710.00, our system finds the risk reward attractive.
Is TOKYO RAKUTENCHI CO.,LTD. stock A Buy?
TOKYO RAKUTENCHI 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for TOKYO RAKUTENCHI CO.,LTD. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| JP¥6,710.00 ( 0%) | JP¥6,710.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8842.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,710.00 | . | |
| R2 | 6,710.00 | . | ||
| R1 | 6,710.00 | . | ||
| Current price: | 6,710.00 | |||
| Support | S1 | 6,710.00 | . | |
| S2 | 6,710.00 | . | ||
| S3 | 6,710.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 6,710.00 | |||
| Support | S1 | 6,700.00 | -0.149% | |
| S2 | 6,690.00 | -0.298% | ||
| S3 | 6,680.00 | -0.447% |
8842 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | JP¥0 | 0% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥30.00 | 0.728% |
| 3 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥20.00 | 0.482% |
| 4 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥30.00 | 0.752% |
| 5 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥30.00 | 0.775% |
FAQ
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