Gurunavi,Inc. 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
Gurunavi,Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
The Gurunavi,Inc. stock price fell by -1.59% on the last day (Thursday, 20th Jun 2024) from JP¥315.00 to JP¥310.00. During the last trading day the stock fluctuated 2.28% from a day low at JP¥307.00 to a day high of JP¥314.00. The price has been going up and down for this period, and there has been a 0.98% gain for the last 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 -62 thousand shares and in total, 169 thousand shares were bought and sold for approximately JP¥52.27 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Gurunavi,Inc. stock with a 90% probability to be traded between JP¥298.91 and JP¥342.91 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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2440.T Signals & Forecast
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. The Gurunavi,Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥317.43 and JP¥314.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -5.49%. 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.
A sell signal from a double top formation was found on Friday, May 10, 2024 and based on theory for this formation the price should fall by -12.37% to JP¥271.67 within 15 trading days since signal was issued (Friday, May 31, 2024).
Support, Risk & Stop-loss for Gurunavi,Inc. stock
Gurunavi,Inc. finds support from accumulated volume at JP¥309.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥7.00 (2.28%) between high and low. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2440.T) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Gurunavi,Inc. to open at JP¥310.33, and during the day (based on 14 day Average True Range), to move between JP¥298.27 and JP¥321.73, which gives a possible trading interval of +/-JP¥11.73 (+/-3.78%) up or down from last closing price. If Gurunavi,Inc. takes out the full calculated possible swing range there will be an estimated 7.57% 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¥309.00 (0.32%) than the resistance at JP¥315.00 (1.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gurunavi,Inc. stock A Buy?
Gurunavi,Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.158 Sell Candidate Downgraded
Predicted Opening Price for Gurunavi,Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| JP¥310.33 ( 0.108%) | JP¥310.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2440.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 317.33 | 2.37% |
| R2 | 314.66 | 1.50% |
| R1 | 313.01 | 0.97% |
| Price | 310.00 | |
| S1 | 307.66 | -0.755% |
| S2 | 306.01 | -1.29% |
| S3 | 303.33 | -2.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 337.00 | 8.71% |
| R2 | 326.00 | 5.16% |
| R1 | 315.00 | 1.61% |
| Price | 310.00 | |
| S1 | 309.00 | -0.323% |
| S2 | 308.00 | -0.645% |
| S3 | 305.00 | -1.61% |
2440 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥4.00 | 0.707% |
| 2 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | JP¥4.00 | 0.537% |
| 3 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥3.00 | 0.412% |
| 4 | Sep 26, 2018 | Sep 26, 2018 | Sep 26, 2018 | JP¥5.00 | 0.525% |
| 5 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥22.00 | 1.50% |
FAQ
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