JB Financial Group 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
Weaker technical forecast for JB Financial Group Co., Ltd. as stock downgraded to Buy Candidate.
(Updated on Jun 26, 2024)
The JB Financial Group Co., Ltd. stock price fell by -1.79% on the last day (Wednesday, 26th Jun 2024) from ₩14,550.00 to ₩14,290.00. During the last trading day the stock fluctuated 4.04% from a day low at ₩13,850.00 to a day high of ₩14,410.00. The price has risen in 6 of the last 10 days and is up by 4.61% over the past 2 weeks. Volume has increased on the last day by 39 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 382 thousand shares were bought and sold for approximately ₩5.46 billion.
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 14.35% during the next 3 months and, with a 90% probability hold a price between ₩15,405.46 and ₩17,334.60 at the end of this 3-month period.
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175330.KS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The JB Financial Group 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 ₩14,178.57 and ₩13,658.29. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Monday, August 21, 2023 in the long-term chart.
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, August 21, 2023 in the long-term chart.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.
A sell signal from a double top formation was found on Tuesday, June 25, 2024 and based on theory for this formation the price should fall by -14.49% to ₩12,220.00 within 16 trading days since signal was issued (Wednesday, July 17, 2024).
Support, Risk & Stop-loss for JB Financial Group Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩13,540.00 and ₩13,330.00. 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, JB Financial Group Co., Ltd. finds support just below today's level at ₩13,540.00. If this is broken, then the next support from accumulated volume will be at ₩13,330.00 and ₩13,210.00.
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 ₩560.00 between high and low, or 4.04%. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: ₩13,860.27 (-3.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (175330.KS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect JB Financial Group Co., Ltd. to open at ₩14,183.33, and during the day (based on 14 day Average True Range), to move between ₩13,815.31 and ₩14,764.69, which gives a possible trading interval of +/-₩474.69 (+/-3.32%) up or down from last closing price. If JB Financial Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩14,330.00 (0.28%) than the support at ₩13,540.00 (5.25%), 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 JB Financial Group Co., Ltd. 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 JB Financial Group Co., Ltd. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.695 Buy Candidate Downgraded
Predicted Opening Price for JB Financial Group Co., Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₩14,183.33 ( 0.746%) | ₩14,290.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 175330.KS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14,743.33 | 3.17% |
| R2 | 14,529.41 | 1.68% |
| R1 | 14,397.25 | 0.751% |
| Price | 14,290.00 | |
| S1 | 13,969.41 | -2.24% |
| S2 | 13,837.25 | -3.17% |
| S3 | 13,623.33 | -4.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14,620.00 | 2.31% |
| R2 | 14,370.00 | 0.560% |
| R1 | 14,330.00 | 0.280% |
| Price | 14,290.00 | |
| S1 | 13,540.00 | -5.25% |
| S2 | 13,330.00 | -6.72% |
| S3 | 13,210.00 | -7.56% |
175330 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jun 01, 2024 | ₩105.00 | 0.718% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | ₩735.00 | 5.57% |
| 3 | Dec 27, 2023 | Dec 27, 2023 | Apr 10, 2024 | ₩715.00 | 5.65% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₩120.00 | 1.42% |
| 5 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | ₩715.00 | 9.04% |
FAQ
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