TANABE CONSULTING CO.,LTD. Stock Forecast
TANABE CONSULTING CO.,LTD. stock price up 0.400% on Friday
(Updated on May 10, 2024)
The TANABE CONSULTING CO.,LTD. stock price gained 0.400% on the last trading day (Friday, 10th May 2024), rising from JP¥1,000.00 to JP¥1,004.00. During the last trading day the stock fluctuated 1.30% from a day low at JP¥1,000.00 to a day high of JP¥1,013.00. The price has been going up and down for this period, and there has been a 2.03% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 5 thousand shares were bought and sold for approximately JP¥5.02 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 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 -5.67% during the next 3 months and, with a 90% probability hold a price between JP¥899.09 and JP¥972.31 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.
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9644.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.93%. 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 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. The TANABE CONSULTING CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,004.86 and JP¥1,008.46. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for TANABE CONSULTING CO.,LTD. stock
TANABE CONSULTING CO.,LTD. finds support from accumulated volume at JP¥997.00 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¥13.00 between high and low, or 1.30%. For the last week the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9644.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect TANABE CONSULTING CO.,LTD. to open at JP¥1,005.67, and during the day (based on 14 day Average True Range), to move between JP¥989.44 and JP¥1,018.56, which gives a possible trading interval of +/-JP¥14.56 (+/-1.45%) up or down from last closing price. If TANABE CONSULTING CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.90% 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¥1,005.00 (0.10%) than the support at JP¥997.00 (0.70%), 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.
Earnings coming up
TANABE CONSULTING CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for TANABE CONSULTING CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.23% in the first trading day after earnings release.
Is TANABE CONSULTING CO.,LTD. stock A Buy?
TANABE CONSULTING CO.,LTD. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.259 Sell Candidate Unchanged
Predicted Opening Price for TANABE CONSULTING CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥1,005.67 ( 0.166%) | JP¥1,004.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9644.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,018.67 | 1.46 % | |
| R2 | 1,013.70 | 0.97 % | ||
| R1 | 1,010.63 | 0.661 % | ||
| Current price: | 1,004.00 | |||
| Support | S1 | 1,000.70 | -0.329 % | |
| S2 | 997.63 | -0.634 % | ||
| S3 | 992.67 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,060.00 | 5.58 % | |
| R2 | 1,034.00 | 2.99 % | ||
| R1 | 1,005.00 | 0.0996 % | ||
| Current price | 1,004.00 | |||
| Support | S1 | 997.00 | -0.697% | |
| S2 | 996.00 | -0.797% | ||
| S3 | 973.00 | -3.09% |
9644 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¥18.00 | 1.59% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥33.00 | 3.60% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥9.00 | 1.44% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥16.00 | 2.30% |
FAQ
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