Based on the 15-minute chart for TOYO, a notable technical indicator, the MACD Death Cross, has been triggered, accompanied by a Bearish Marubozu candlestick pattern on August 8, 2025 at 16:00. This suggests that the stock price is poised to continue its downward trajectory, as sellers appear to be in control of the market. The bearish momentum is likely to persist, indicating a potential for further declines in the stock price.
Based on recent market movements and technical indicators, Toyo Gosei Co., Ltd. (4970.T) appears poised for further price declines. On August 8, 2025, the MACD Death Cross was triggered, accompanied by a Bearish Marubozu candlestick pattern [1]. This combination suggests that sellers are in control and that the stock price is likely to continue its downward trajectory.
The MACD Death Cross, a prominent technical indicator, occurs when the MACD line crosses below the signal line. This signal is often interpreted as a bearish trend reversal, indicating that the stock price is likely to fall further. The Bearish Marubozu candlestick pattern, characterized by a long body with no upper or lower wicks, signifies strong selling pressure and a potential continuation of the downtrend.
Additionally, Toyo Gosei Co., Ltd. has shown a weak rising trend in the short term, with the stock price falling for three consecutive days. The stock has risen in six of the last ten days and is up by 1.1% over the past two weeks. However, the volume has increased on the last day, indicating that the selling pressure is gaining momentum [1].
The stock is expected to rise by 6.97% during the next three months, with a 90% probability of holding a price between JP¥4,930.09 and JP¥5,537.10. However, the current short-term trend and the MACD Death Cross suggest that the stock may continue to fall in the near term.
Investors should closely monitor Toyo Gosei Co., Ltd. and be prepared for potential price declines. The stock's recent technical indicators suggest that the bearish momentum is likely to persist, indicating a potential for further declines in the stock price.
References:
[1] https://stockinvest.us/stock/4970.T
[2] https://tickeron.com/compare/SUNE-vs-TOYO/
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