Cachet Pharmaceutical Co., Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Cachet Pharmaceutical Co., Ltd stock price up 0.0788% on Tuesday
(Updated on Apr 30, 2024)
The Cachet Pharmaceutical Co., Ltd stock price gained 0.0788% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥12.69 to ¥12.70. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.31% from a day low at ¥12.40 to a day high of ¥12.81. The price has risen in 8 of the last 10 days and is up by 11.01% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 367 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ¥47.79 million.
The stock lies in the middle of a wide and weak 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 7.94% during the next 3 months and, with a 90% probability hold a price between ¥12.08 and ¥14.32 at the end of this 3-month period.
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002462.SZ Signals & Forecast
The Cachet Pharmaceutical Co., Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥12.36 and ¥12.35. A breakdown below any of these levels will issue sell signals. 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. 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 Wednesday, March 20, 2024, and so far it has fallen -0.86%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Cachet Pharmaceutical Co., Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥11.90 and ¥11.48. 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, Cachet Pharmaceutical Co., Ltd finds support just below today's level at ¥11.90. If this is broken, then the next support from accumulated volume will be at ¥11.48 and ¥10.27.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.410 between high and low, or 3.31%. For the last week, the stock has had daily average volatility of 3.52%.
Since the Cachet Pharmaceutical Co., Ltd has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: ¥12.20 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (002462.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Cachet Pharmaceutical Co., Ltd to open at ¥12.64, and during the day (based on 14 day Average True Range), to move between ¥12.26 and ¥13.14, which gives a possible trading interval of +/-¥0.438 (+/-3.45%) up or down from last closing price. If Cachet Pharmaceutical Co., Ltd takes out the full calculated possible swing range there will be an estimated 6.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥12.71 (0.08%) than the support at ¥11.90 (6.30%), 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 Cachet Pharmaceutical Co., Ltd stock A Buy?
Cachet Pharmaceutical 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.
Current score: -0.384 Hold/Accumulate Unchanged
Predicted Opening Price for Cachet Pharmaceutical Co., Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥12.64 ( 0.499%) | ¥12.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002462.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.05 | 2.73 % | |
| R2 | 12.89 | 1.50 % | ||
| R1 | 12.79 | 0.735 % | ||
| Current price: | 12.70 | |||
| Support | S1 | 12.48 | -1.73 % | |
| S2 | 12.38 | -2.49 % | ||
| S3 | 12.23 | -3.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.76 | 0.472 % | |
| R2 | 12.73 | 0.236 % | ||
| R1 | 12.71 | 0.0787 % | ||
| Current price | 12.70 | |||
| Support | S1 | 11.90 | -6.30% | |
| S2 | 11.48 | -9.61% | ||
| S3 | 10.27 | -19.13% |
002462 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | ¥0.310 | 2.27% |
| 2 | Jun 24, 2022 | Jun 24, 2022 | Jun 24, 2022 | ¥0.370 | 2.70% |
| 3 | Jun 18, 2021 | Jun 18, 2021 | Jun 18, 2021 | ¥0.330 | 2.46% |
| 4 | Jun 30, 2020 | Jun 30, 2020 | Jun 30, 2020 | ¥0.400 | 2.94% |
| 5 | May 17, 2019 | May 17, 2019 | May 17, 2019 | ¥0.150 | 0.94% |
FAQ
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