BOURBON CORPORATION Stock Forecast
BOURBON CORPORATION stock price ended at JP¥2,323.00 on Monday, after gaining 0.563%.
(Updated on May 20, 2024)
The BOURBON CORPORATION stock price gained 0.563% on the last trading day (Monday, 20th May 2024), rising from JP¥2,310.00 to JP¥2,323.00. During the last trading day the stock fluctuated 1.26% from a day low at JP¥2,310.00 to a day high of JP¥2,339.00. The price has fallen in 5 of the last 10 days and is down by -1.44% for this period. Volume fell on the last day by -400 shares and in total, 2 thousand shares were bought and sold for approximately JP¥4.41 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 horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BOURBON CORPORATION stock with a 90% probability to be traded between JP¥2,272.51 and JP¥2,428.05 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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2208.T Signals & Forecast
There are mixed signals in the stock today. The BOURBON CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,348.97. On a fall, the stock will find some support from the short-term average at JP¥2,319.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 0.563%. 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. The stock had a Golden Star Signal on Tuesday, December 26, 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 Tuesday, December 26, 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 buy signal from a double bottom formation was found on Thursday, May 16, 2024 and based on theory for this formation the price should go up by 4.46% to JP¥2,426.69 within 26 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for BOURBON CORPORATION stock
BOURBON CORPORATION finds support from accumulated volume at JP¥2,320.00 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¥29.00 between high and low, or 1.26%. For the last week the stock has had daily average volatility of 0.657%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2208.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect BOURBON CORPORATION to open at JP¥2,324.00, and during the day (based on 14 day Average True Range), to move between JP¥2,294.92 and JP¥2,351.08, which gives a possible trading interval of +/-JP¥28.08 (+/-1.21%) up or down from last closing price. If BOURBON CORPORATION takes out the full calculated possible swing range there will be an estimated 2.42% 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¥2,320.00 (0.13%) than the resistance at JP¥2,330.00 (0.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BOURBON CORPORATION stock A Buy?
BOURBON CORPORATION holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.485 Sell Candidate Unchanged
Predicted Opening Price for BOURBON CORPORATION of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥2,324.00 ( 0.0430%) | JP¥2,323.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2208.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,353.00 | 1.29 % | |
| R2 | 2,341.92 | 0.81 % | ||
| R1 | 2,335.08 | 0.520 % | ||
| Current price: | 2,323.00 | |||
| Support | S1 | 2,312.92 | -0.434 % | |
| S2 | 2,306.08 | -0.728 % | ||
| S3 | 2,295.00 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,340.00 | 0.732 % | |
| R2 | 2,332.00 | 0.387 % | ||
| R1 | 2,330.00 | 0.301 % | ||
| Current price | 2,323.00 | |||
| Support | S1 | 2,320.00 | -0.129% | |
| S2 | 2,310.00 | -0.560% | ||
| S3 | 2,299.00 | -1.03% |
2208 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥13.00 | 0.612% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥13.00 | 0.616% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥12.50 | 0.553% |
FAQ
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