TANSEISHA CO.,LTD. Stock Forecast
Green day on Tuesday for TANSEISHA CO.,LTD. stock after gaining 0.568%
(Updated on May 07, 2024)
The TANSEISHA CO.,LTD. stock price gained 0.568% on the last trading day (Tuesday, 7th May 2024), rising from JP¥881.00 to JP¥886.00. During the last trading day the stock fluctuated 1.47% from a day low at JP¥884.00 to a day high of JP¥897.00. The price has risen in 6 of the last 10 days and is up by 1.37% 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, 32 thousand more shares were traded than the day before. In total, 103 thousand shares were bought and sold for approximately JP¥91.61 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥877.43 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.91% during the next 3 months and, with a 90% probability hold a price between JP¥990.70 and JP¥1,160.78 at the end of this 3-month period.
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9743.T Signals & Forecast
There are mixed signals in the stock today. The TANSEISHA CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥892.63. On a fall, the stock will find some support from the short-term average at JP¥876.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -7.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell 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 TANSEISHA CO.,LTD. stock
TANSEISHA CO.,LTD. finds support from accumulated volume at JP¥877.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥13.00 between high and low, or 1.47%. For the last week, the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9743.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect TANSEISHA CO.,LTD. to open at JP¥889.00, and during the day (based on 14 day Average True Range), to move between JP¥867.67 and JP¥904.33, which gives a possible trading interval of +/-JP¥18.33 (+/-2.07%) up or down from last closing price. If TANSEISHA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.14% 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¥877.00 (1.02%) than the resistance at JP¥899.00 (1.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TANSEISHA CO.,LTD. stock A Buy?
TANSEISHA CO.,LTD. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.440 Sell Candidate Unchanged
Predicted Opening Price for TANSEISHA CO.,LTD. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥889.00 ( 0.339%) | JP¥886.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9743.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 902.00 | 1.81 % | |
| R2 | 897.03 | 1.25 % | ||
| R1 | 893.97 | 0.90 % | ||
| Current price: | 886.00 | |||
| Support | S1 | 884.03 | -0.222 % | |
| S2 | 880.97 | -0.568 % | ||
| S3 | 876.00 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 960.00 | 8.35 % | |
| R2 | 913.00 | 3.05 % | ||
| R1 | 899.00 | 1.47 % | ||
| Current price | 886.00 | |||
| Support | S1 | 877.00 | -1.02% | |
| S2 | 861.00 | -2.82% | ||
| S3 | 798.00 | -9.93% |
9743 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Jul 30, 2024 | JP¥0 | 0% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | JP¥0 | 0% |
| 3 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥15.00 | 1.93% |
| 4 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥15.00 | 2.10% |
| 5 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥15.00 | 1.86% |
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