Tokio Marine Holdings, Inc. Stock Forecast
Red day on Friday for Tokio Marine Holdings, Inc.
(Updated on Jun 14, 2024)
The Tokio Marine Holdings, Inc. stock price fell by -0.375% on the last day (Friday, 14th Jun 2024) from $34.63 to $34.50. During the last trading day the stock fluctuated 0.466% from a day low at $34.34 to a day high of $34.50. The price has fallen in 6 of the last 10 days and is down by -0.95% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately $62.10 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.62% during the next 3 months and, with a 90% probability hold a price between $37.68 and $42.06 at the end of this 3-month period.
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TKOMY Signals & Forecast
The Tokio Marine Holdings, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $35.13. On a fall, the stock will find some support from the long-term average at approximately $33.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -4.25%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tokio Marine Holdings, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $32.55 and $31.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tokio Marine Holdings, Inc. finds support just below today's level at $32.55. If this is broken, then the next support from accumulated volume will be at $31.00 and $30.79.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.160 between high and low, or 0.466%. For the last week the stock has had daily average volatility of 0.436%.
Our recommended stop-loss: $32.57 (-5.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (TKOMY) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Tokio Marine Holdings, Inc. to open at $34.45, and during the day (based on 14 day Average True Range), to move between $33.58 and $35.42, which gives a possible trading interval of +/-$0.92 (+/-2.67%) up or down from last closing price. If Tokio Marine Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.83 (0.96%) than the support at $32.55 (5.65%), 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 Tokio Marine Holdings, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tokio Marine Holdings, Inc. stock to perform well in the short-term.
Current score: 3.138 Buy Candidate Unchanged
Predicted Opening Price for Tokio Marine Holdings, Inc. of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
$34.45 ( 0.155%) | $34.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKOMY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 34.61 | 0.309% |
R2 | 34.55 | 0.132% |
R1 | 34.51 | 0.0226% |
Price | 34.50 | |
S1 | 34.39 | -0.332% |
S2 | 34.35 | -0.441% |
S3 | 34.29 | -0.618% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 36.03 | 4.43% |
R2 | 35.40 | 2.59% |
R1 | 34.83 | 0.96% |
Price | 34.50 | |
S1 | 32.55 | -5.65% |
S2 | 31.00 | -10.14% |
S3 | 30.79 | -10.75% |
TKOMY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 26, 2024 | Mar 26, 2024 | Jul 05, 2024 | $0.400 | 1.16% |
2 | Sep 28, 2023 | Sep 28, 2023 | Dec 11, 2023 | $0.305 | 1.17% |
3 | Mar 29, 2023 | Mar 29, 2023 | Jul 05, 2023 | $0.271 | 1.18% |
4 | Sep 28, 2022 | Sep 28, 2022 | Dec 19, 2022 | $0.301 | 1.47% |
5 | Mar 29, 2022 | Mar 29, 2022 | Jul 06, 2022 | $0.330 | 1.72% |
FAQ
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