Fudo Tetra 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:
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 Fudo Tetra Corporation as stock downgraded to Hold/Accumulate.
(Updated on May 07, 2024)
The Fudo Tetra Corporation stock price gained 0.92% on the last trading day (Tuesday, 7th May 2024), rising from JP¥2,284.00 to JP¥2,305.00. During the last trading day the stock fluctuated 1.74% from a day low at JP¥2,299.00 to a day high of JP¥2,339.00. The price has risen in 7 of the last 10 days and is up by 6.96% 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, 31 thousand more shares were traded than the day before. In total, 100 thousand shares were bought and sold for approximately JP¥229.81 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥2,339.19 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.23% during the next 3 months and, with a 90% probability hold a price between JP¥1,889.00 and JP¥2,286.92 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1813.T Signals & Forecast
The Fudo Tetra 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¥2,261.71 and JP¥2,109.60. 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 Tuesday, April 30, 2024, and so far it has fallen -1.58%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Fudo Tetra Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,111.00 and JP¥2,077.00. 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, Fudo Tetra Corporation finds support just below today's level at JP¥2,111.00. If this is broken, then the next support from accumulated volume will be at JP¥2,077.00 and JP¥2,001.00.
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 JP¥40.00 between high and low, or 1.74%. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: JP¥2,210.10 (-4.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (1813.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Fudo Tetra Corporation to open at JP¥2,314.33, and during the day (based on 14 day Average True Range), to move between JP¥2,253.00 and JP¥2,357.00, which gives a possible trading interval of +/-JP¥52.00 (+/-2.26%) up or down from last closing price. If Fudo Tetra Corporation takes out the full calculated possible swing range there will be an estimated 4.51% 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¥2,342.00 (1.61%) than the support at JP¥2,111.00 (8.42%), 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.
Earnings coming up
Fudo Tetra Corporation will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Fudo Tetra Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.03% in the first trading day after earnings release.
Is Fudo Tetra Corporation stock A Buy?
Fudo Tetra Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.194 Hold/Accumulate Downgraded
Predicted Opening Price for Fudo Tetra Corporation of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥2,314.33 ( 0.405%) | JP¥2,305.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1813.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,354.33 | 2.14 % | |
| R2 | 2,339.05 | 1.48 % | ||
| R1 | 2,329.61 | 1.07 % | ||
| Current price: | 2,305.00 | |||
| Support | S1 | 2,299.05 | -0.258 % | |
| S2 | 2,289.61 | -0.668 % | ||
| S3 | 2,274.33 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2,342.00 | 1.61 % | ||
| Current price | 2,305.00 | |||
| Support | S1 | 2,111.00 | -8.42% | |
| S2 | 2,077.00 | -9.89% | ||
| S3 | 2,001.00 | -13.19% |
1813 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥60.00 | 3.75% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥60.00 | 3.91% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥55.00 | 2.83% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥55.00 | 4.29% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥50.00 | 3.39% |
FAQ
Click here for our free guide on how to buy Fudo Tetra Corporation Stock.
