Takihyo Co.,Ltd. Stock Forecast
Green day on Friday for Takihyo Co.,Ltd.
(Updated on May 17, 2024)
The Takihyo Co.,Ltd. stock price gained 1.29% on the last trading day (Friday, 17th May 2024), rising from JP¥1,162.00 to JP¥1,177.00. During the last trading day the stock fluctuated 1.20% from a day low at JP¥1,163.00 to a day high of JP¥1,177.00. The price has risen in 6 of the last 10 days but is still down by -2.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately JP¥15.42 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥1,157.11 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Takihyo Co.,Ltd. stock with a 90% probability to be traded between JP¥1,157.45 and JP¥1,342.62 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
There are mixed signals in the stock today. The Takihyo 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¥1,190.29 and JP¥1,207.74. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.73%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Takihyo Co.,Ltd. stock
Takihyo Co.,Ltd. finds support from accumulated volume at JP¥1,163.00 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¥14.00 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: JP¥1,107.13 (-5.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (9982.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Takihyo Co.,Ltd. to open at JP¥1,172.33, and during the day (based on 14 day Average True Range), to move between JP¥1,145.71 and JP¥1,208.29, which gives a possible trading interval of +/-JP¥31.29 (+/-2.66%) up or down from last closing price. If Takihyo Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.32% 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¥1,163.00 (1.19%) than the resistance at JP¥1,203.00 (2.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Takihyo Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Takihyo Co.,Ltd. stock to perform well in the short-term period.
Current score: 2.563 Buy Candidate Unchanged
Predicted Opening Price for Takihyo Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥1,172.33 ( 0.396%) | JP¥1,177.00 |
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 | 1,186.33 | 0.793 % | |
| R2 | 1,180.99 | 0.339 % | ||
| R1 | 1,177.68 | 0.0579 % | ||
| Current price: | 1,177.00 | |||
| Support | S1 | 1,166.99 | -0.85 % | |
| S2 | 1,163.68 | -1.13 % | ||
| S3 | 1,158.33 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,342.00 | 14.02 % | |
| R2 | 1,228.00 | 4.33 % | ||
| R1 | 1,203.00 | 2.21 % | ||
| Current price | 1,177.00 | |||
| Support | S1 | 1,163.00 | -1.19% | |
| S2 | 1,158.00 | -1.61% | ||
| S3 | 1,157.00 | -1.70% |
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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