NAKAMURAYA 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 NAKAMURAYA CO.,LTD. as stock downgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The NAKAMURAYA CO.,LTD. stock price fell by -1.26% on the last day (Thursday, 2nd May 2024) from JP¥3,185.00 to JP¥3,145.00. During the last trading day the stock fluctuated 1.28% from a day low at JP¥3,120.00 to a day high of JP¥3,160.00. The price has risen in 5 of the last 10 days and is up by 1.78% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 thousand shares and in total, 7 thousand shares were bought and sold for approximately JP¥20.44 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect NAKAMURAYA CO.,LTD. stock with a 90% probability to be traded between JP¥3,062.27 and JP¥3,219.86 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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2204.T Signals & Forecast
The NAKAMURAYA CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥3,147.86. On a fall, the stock will find some support from the long-term average at approximately JP¥3,130.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, May 01, 2024, and so far it has fallen -1.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, October 27, 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 Friday, October 27, 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.
Support, Risk & Stop-loss for NAKAMURAYA CO.,LTD. stock
NAKAMURAYA CO.,LTD. finds support from accumulated volume at JP¥3,135.00 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¥40.00 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: JP¥3,002.93 (-4.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (2204.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect NAKAMURAYA CO.,LTD. to open at JP¥3,141.67, and during the day (based on 14 day Average True Range), to move between JP¥3,109.77 and JP¥3,180.23, which gives a possible trading interval of +/-JP¥35.23 (+/-1.12%) up or down from last closing price. If NAKAMURAYA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥3,135.00 (0.32%) than the resistance at JP¥3,180.00 (1.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NAKAMURAYA CO.,LTD. stock A Buy?
NAKAMURAYA 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. 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: 0.011 Hold/Accumulate Downgraded
Predicted Opening Price for NAKAMURAYA CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥3,141.67 ( 0.106%) | JP¥3,145.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2204.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,181.67 | 1.17 % | |
| R2 | 3,166.39 | 0.680 % | ||
| R1 | 3,156.95 | 0.380 % | ||
| Current price: | 3,145.00 | |||
| Support | S1 | 3,126.39 | -0.592 % | |
| S2 | 3,116.95 | -0.89 % | ||
| S3 | 3,101.67 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,230.00 | 2.70 % | |
| R2 | 3,220.00 | 2.38 % | ||
| R1 | 3,180.00 | 1.11 % | ||
| Current price | 3,145.00 | |||
| Support | S1 | 3,135.00 | -0.318% | |
| S2 | 3,130.00 | -0.477% | ||
| S3 | 3,125.00 | -0.636% |
2204 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 1.60% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥50.00 | 1.57% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥50.00 | 1.25% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥85.00 | 2.14% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥85.00 | 1.93% |
FAQ
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