Sanyo Homes Corporation 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=9c477529db2857fdd0fe37e6230326b11249550d)
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
Sanyo Homes Corporation stock price ended at JP¥742.00 on Tuesday, after gaining 0.270%.
(Updated on Jul 02, 2024)
The Sanyo Homes Corporation stock price gained 0.270% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥740.00 to JP¥742.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.676% from a day low at JP¥740.00 to a day high of JP¥745.00. The price has risen in 6 of the last 10 days but is still down by -0.13% for this period. Volume fell on the last day by -1 thousand shares and in total, 5 thousand shares were bought and sold for approximately JP¥3.86 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sanyo Homes Corporation stock with a 90% probability to be traded between JP¥740.73 and JP¥768.00 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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1420.T Signals & Forecast
The Sanyo Homes Corporation 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 JP¥737.14 and JP¥736.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.06%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, May 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, August 14, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, May 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, August 14, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, May 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, August 14, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Sanyo Homes Corporation stock
Sanyo Homes Corporation finds support from accumulated volume at JP¥735.00 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¥5.00 between high and low, or 0.676%. For the last week the stock has had daily average volatility of 0.516%.
Our recommended stop-loss: JP¥709.48 (-4.38%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (1420.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Sanyo Homes Corporation to open at JP¥742.33, and during the day (based on 14 day Average True Range), to move between JP¥732.26 and JP¥751.74, which gives a possible trading interval of +/-JP¥9.74 (+/-1.31%) up or down from last closing price. If Sanyo Homes Corporation takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥746.00 (0.54%) than the support at JP¥735.00 (0.94%), 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 Sanyo Homes Corporation 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 Sanyo Homes Corporation stock to perform well in the short-term period.
Current score: 1.384 Buy Candidate Unchanged
Predicted Opening Price for Sanyo Homes Corporation of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
JP¥742.33 ( 0.0449%) | JP¥742.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1420.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 747.33 | 0.719% |
R2 | 745.42 | 0.461% |
R1 | 744.24 | 0.302% |
Price | 742.00 | |
S1 | 740.42 | -0.212% |
S2 | 739.24 | -0.372% |
S3 | 737.33 | -0.629% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 753.00 | 1.48% |
R2 | 747.00 | 0.674% |
R1 | 746.00 | 0.539% |
Price | 742.00 | |
S1 | 735.00 | -0.94% |
S2 | 730.00 | -1.62% |
S3 | 727.00 | -2.02% |
1420 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
2 | Mar 28, 2024 | Mar 28, 2024 | Jun 05, 2024 | JP¥25.00 | 3.38% |
3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 3.49% |
4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥25.00 | 3.30% |
5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥25.00 | 3.16% |
FAQ
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