TOKYU REIT, Inc. Stock Forecast
TOKYU REIT, Inc. stock price ended at JP¥157,800.00 on Wednesday, after gaining 0.0634%.
(Updated on Jun 26, 2024)
The TOKYU REIT, Inc. stock price gained 0.0634% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥157,700.00 to JP¥157,800.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.637% from a day low at JP¥157,100.00 to a day high of JP¥158,100.00. The price has risen in 8 of the last 10 days and is up by 2.47% 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, 221 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately JP¥260.05 million.
The stock lies in the middle of a 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 -3.63% during the next 3 months and, with a 90% probability hold a price between JP¥145,499.11 and JP¥153,820.93 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
8957.T Signals & Forecast
The TOKYU REIT, Inc. 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¥156,585.71 and JP¥157,394.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 2.47%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for TOKYU REIT, Inc. stock
TOKYU REIT, Inc. finds support from accumulated volume at JP¥157,400.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥1,000.00 between high and low, or 0.637%. For the last week the stock has had daily average volatility of 0.95%.
Our recommended stop-loss: JP¥149,767.37 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (8957.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect TOKYU REIT, Inc. to open at JP¥157,666.67, and during the day (based on 14 day Average True Range), to move between JP¥156,073.42 and JP¥159,526.58, which gives a possible trading interval of +/-JP¥1,726.58 (+/-1.09%) up or down from last closing price. If TOKYU REIT, Inc. takes out the full calculated possible swing range there will be an estimated 2.19% 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¥157,400.00 (0.25%) than the resistance at JP¥160,700.00 (1.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TOKYU REIT, Inc. stock A Buy?
TOKYU REIT, Inc. 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: -0.604 Hold/Accumulate Unchanged
Predicted Opening Price for TOKYU REIT, Inc. of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
JP¥157,666.67 ( 0.0845%) | JP¥157,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8957.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 158,666.67 | 0.549% |
R2 | 158,284.67 | 0.307% |
R1 | 158,048.67 | 0.158% |
Price | 157,800.00 | |
S1 | 157,284.67 | -0.327% |
S2 | 157,048.67 | -0.476% |
S3 | 156,666.67 | -0.718% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 162,800.00 | 3.17% |
R2 | 162,400.00 | 2.92% |
R1 | 160,700.00 | 1.84% |
Price | 157,800.00 | |
S1 | 157,400.00 | -0.253% |
S2 | 156,500.00 | -0.82% |
S3 | 155,300.00 | -1.58% |
8957 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 30, 2024 | Jul 30, 2024 | Oct 01, 2024 | JP¥3,750.00 | 2.38% |
2 | Jan 30, 2024 | Jan 30, 2024 | Apr 16, 2024 | JP¥3,750.00 | 2.36% |
3 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥3,750.00 | 1.98% |
4 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥4,040.00 | 2.03% |
5 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥4,005.00 | 2.10% |
FAQ
Click here for our free guide on how to buy TOKYU REIT, Inc. Stock.