Takihyo Co.,Ltd. Stock Forecast
Weaker technical forecast for Takihyo Co.,Ltd. as stock downgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The Takihyo Co.,Ltd. stock price gained 1.08% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,205.00 to JP¥1,218.00. During the last trading day the stock fluctuated 2.74% from a day low at JP¥1,205.00 to a day high of JP¥1,238.00. The price has been going up and down for this period, and there has been a 2.18% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately JP¥20.22 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Takihyo Co.,Ltd. stock with a 90% probability to be traded between JP¥1,177.27 and JP¥1,371.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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9982.T Signals & Forecast
The Takihyo Co.,Ltd. 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¥1,192.71 and JP¥1,202.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.27%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Takihyo Co.,Ltd. stock
Takihyo Co.,Ltd. finds support from accumulated volume at JP¥1,203.00 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¥33.00 (2.74%) between high and low. For the last week, the stock has had daily average volatility of 3.01%.
Our recommended stop-loss: JP¥1,160.58 (-4.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (9982.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Takihyo Co.,Ltd. to open at JP¥1,220.33, and during the day (based on 14 day Average True Range), to move between JP¥1,180.50 and JP¥1,255.50, which gives a possible trading interval of +/-JP¥37.50 (+/-3.08%) up or down from last closing price. If Takihyo Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.16% 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¥1,228.00 (0.82%) than the support at JP¥1,203.00 (1.23%), 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.
Is Takihyo Co.,Ltd. stock A Buy?
Takihyo Co.,Ltd. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.726 Hold/Accumulate Downgraded
Predicted Opening Price for Takihyo Co.,Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,220.33 ( 0.192%) | JP¥1,218.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9982.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,253.33 | 2.90 % | |
| R2 | 1,240.73 | 1.87 % | ||
| R1 | 1,232.94 | 1.23 % | ||
| Current price: | 1,218.00 | |||
| Support | S1 | 1,207.73 | -0.84 % | |
| S2 | 1,199.94 | -1.48 % | ||
| S3 | 1,187.33 | -2.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,342.00 | 10.18 % | |
| R2 | 1,277.00 | 4.84 % | ||
| R1 | 1,228.00 | 0.82 % | ||
| Current price | 1,218.00 | |||
| Support | S1 | 1,203.00 | -1.23% | |
| S2 | 1,186.00 | -2.63% | ||
| S3 | 1,158.00 | -4.93% |
9982 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥10.00 | 0.90% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥10.00 | 1.00% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥10.00 | 1.28% |
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