TOKYOTOKEIBA CO.,LTD. Stock Forecast
Stronger technical forecast for TOKYOTOKEIBA CO.,LTD. stock price after Friday trading.
(Updated on May 31, 2024)
The TOKYOTOKEIBA CO.,LTD. stock price gained 0.729% on the last trading day (Friday, 31st May 2024), rising from JP¥4,115.00 to JP¥4,145.00. During the last trading day the stock fluctuated 1.46% from a day low at JP¥4,100.00 to a day high of JP¥4,160.00. The price has fallen in 6 of the last 10 days and is down by -3.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 thousand more shares were traded than the day before. In total, 137 thousand shares were bought and sold for approximately JP¥567.04 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥4,080.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.91% during the next 3 months and, with a 90% probability hold a price between JP¥3,961.84 and JP¥4,308.38 at the end of this 3-month period.
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9672.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.47%. Further rise is indicated until a new top pivot has been found. 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. The TOKYOTOKEIBA 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¥4,158.57 and JP¥4,280.57. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TOKYOTOKEIBA CO.,LTD. stock
TOKYOTOKEIBA CO.,LTD. finds support from accumulated volume at JP¥4,140.00 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¥60.00 (1.46%) between high and low. For the last week, the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: JP¥3,884.10 (-6.29%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (9672.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect TOKYOTOKEIBA CO.,LTD. to open at JP¥4,135.00, and during the day (based on 14 day Average True Range), to move between JP¥4,067.05 and JP¥4,222.95, which gives a possible trading interval of +/-JP¥77.95 (+/-1.88%) up or down from last closing price. If TOKYOTOKEIBA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.76% 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¥4,140.00 (0.12%) than the resistance at JP¥4,380.00 (5.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TOKYOTOKEIBA CO.,LTD. stock A Buy?
TOKYOTOKEIBA CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.658 Hold/Accumulate Upgraded
Predicted Opening Price for TOKYOTOKEIBA CO.,LTD. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥4,135.00 ( 0.241%) | JP¥4,145.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9672.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,195.00 | 1.21 % | |
| R2 | 4,172.08 | 0.653 % | ||
| R1 | 4,157.92 | 0.312 % | ||
| Current price: | 4,145.00 | |||
| Support | S1 | 4,112.08 | -0.794 % | |
| S2 | 4,097.92 | -1.14 % | ||
| S3 | 4,075.00 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,405.00 | 6.27 % | |
| R2 | 4,385.00 | 5.79 % | ||
| R1 | 4,380.00 | 5.67 % | ||
| Current price | 4,145.00 | |||
| Support | S1 | 4,140.00 | -0.121% | |
| S2 | 4,130.00 | -0.362% | ||
| S3 | 4,075.00 | -1.69% |
9672 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥30.00 | 0.770% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥45.00 | 1.20% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥30.00 | 0.750% |
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