Takara Leben CO.,LTD. Stock Forecast
Takara Leben CO.,LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Mar 29, 2024)
The Takara Leben CO.,LTD. stock price gained 3.62% on the last trading day (Friday, 29th Mar 2024), rising from JP¥497.00 to JP¥515.00. During the last trading day the stock fluctuated 4.22% from a day low at JP¥498.00 to a day high of JP¥519.00. The price has risen in 7 of the last 10 days and is up by 6.4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 88 thousand more shares were traded than the day before. In total, 839 thousand shares were bought and sold for approximately JP¥432.24 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥520.05 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Takara Leben CO.,LTD. stock with a 90% probability to be traded between JP¥492.09 and JP¥528.17 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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8897.T Signals & Forecast
The Takara Leben 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¥511.00 and JP¥492.89. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -0.387%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Takara Leben CO.,LTD. stock
Takara Leben CO.,LTD. finds support from accumulated volume at JP¥497.00 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¥21.00 (4.22%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: JP¥494.94 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (8897.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Takara Leben CO.,LTD. to open at JP¥510.67, and during the day (based on 14 day Average True Range), to move between JP¥505.01 and JP¥524.99, which gives a possible trading interval of +/-JP¥9.99 (+/-1.94%) up or down from last closing price. If Takara Leben CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.88% 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¥517.00 (0.39%) than the support at JP¥497.00 (3.50%), 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 Takara Leben CO.,LTD. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Takara Leben CO.,LTD. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.307 Buy Candidate Upgraded
Predicted Opening Price for Takara Leben CO.,LTD. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
JP¥510.67 ( 0.84%) | JP¥515.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8897.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 531.67 | 3.24 % | |
R2 | 523.64 | 1.68 % | ||
R1 | 518.69 | 0.716 % | ||
Current price: | 515.00 | |||
Support | S1 | 502.64 | -2.40 % | |
S2 | 497.69 | -3.36 % | ||
S3 | 489.67 | -4.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 517.00 | 0.388 % | ||
Current price | 515.00 | |||
Support | S1 | 497.00 | -3.50% | |
S2 | 485.00 | -5.83% | ||
S3 | 484.00 | -6.02% |
8897 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¥6.00 | 1.24% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥2.00 | 0.533% |
4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥4.00 | 1.02% |
5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥14.00 | 4.61% |
FAQ
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