TOKYO OHKA KOGYO CO.

4186
End-of-day quote. End-of-day quote  - 08/07
5520JPY -4.00%

Tokyo Ohka Kogyo Co., Ltd. : Good timing to anticipate a continuation of the trend

Nicolas Aleksy
Contributor / Partner

Strategy published on : 07/30/2020 | 04:42

long trade
Stop-loss triggered

Entry price : 5680¥
Target : 5970¥
Stop-loss : 5500¥
Potential : 5.11%

The underlying tendency is to the upside for shares in Tokyo Ohka Kogyo Co., Ltd. and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Investors have an opportunity to buy the stock and target the ¥ 5970.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.

● For several months, analysts have been revising their EPS estimates roughly upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 4280 JPY


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at JPY 5790.

● Technically, the stock approaches a strong medium-term resistance at JPY 5970.

● The company's earnings releases usually do not meet expectations.

● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.

MarketScreener.com 2020
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