TOKYU CORPORATION Stock Forecast
TOKYU CORPORATION stock upgraded to Buy Candidate.
(Updated on May 21, 2024)
The TOKYU CORPORATION stock price gained 1.97% on the last trading day (Tuesday, 21st May 2024), rising from JP¥1,832.00 to JP¥1,868.00. During the last trading day the stock fluctuated 2.55% from a day low at JP¥1,823.00 to a day high of JP¥1,869.50. The price has fallen in 6 of the last 10 days and is down by -0.29% for this period. Volume fell on the last day by -36 thousand shares and in total, 1 million shares were bought and sold for approximately JP¥2.56 billion. 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 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 -3.19% during the next 3 months and, with a 90% probability hold a price between JP¥1,708.35 and JP¥1,970.61 at the end of this 3-month period.
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9005.T Signals & Forecast
The TOKYU CORPORATION 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¥1,844.07 and JP¥1,859.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 3.75%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TOKYU CORPORATION stock
TOKYU CORPORATION finds support from accumulated volume at JP¥1,863.50 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¥46.50 between high and low, or 2.55%. For the last week the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: JP¥1,790.84 (-4.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (9005.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect TOKYU CORPORATION to open at JP¥1,853.50, and during the day (based on 14 day Average True Range), to move between JP¥1,827.86 and JP¥1,908.14, which gives a possible trading interval of +/-JP¥40.14 (+/-2.15%) up or down from last closing price. If TOKYU CORPORATION takes out the full calculated possible swing range there will be an estimated 4.30% 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¥1,863.50 (0.24%) than the resistance at JP¥1,900.50 (1.74%), 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 CORPORATION 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: 1.874 Buy Candidate Upgraded
Predicted Opening Price for TOKYU CORPORATION of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥1,853.50 ( 0.776%) | JP¥1,868.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9005.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,900.00 | 1.71 % | |
| R2 | 1,882.24 | 0.762 % | ||
| R1 | 1,871.26 | 0.175 % | ||
| Current price: | 1,868.00 | |||
| Support | S1 | 1,835.74 | -1.73 % | |
| S2 | 1,824.76 | -2.31 % | ||
| S3 | 1,807.00 | -3.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,922.00 | 2.89 % | |
| R2 | 1,903.00 | 1.87 % | ||
| R1 | 1,900.50 | 1.74 % | ||
| Current price | 1,868.00 | |||
| Support | S1 | 1,863.50 | -0.241% | |
| S2 | 1,844.00 | -1.28% | ||
| S3 | 1,838.50 | -1.58% |
9005 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥7.50 | 0.433% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥7.50 | 0.426% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥7.50 | 0.449% |
FAQ
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