Coca-Cola Bottlers Japan Holdings 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
Weaker technical forecast for Coca-Cola Bottlers Japan Holdings Inc. as stock downgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The Coca-Cola Bottlers Japan Holdings Inc. stock price gained 0.606% on the last trading day (Thursday, 2nd May 2024), rising from JP¥2,228.50 to JP¥2,242.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.19% from a day low at JP¥2,229.50 to a day high of JP¥2,256.00. The price has risen in 7 of the last 10 days and is up by 4.28% over the past 2 weeks. Volume fell on the last day by -206 thousand shares and in total, 612 thousand shares were bought and sold for approximately JP¥1.37 billion. 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 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 15.17% during the next 3 months and, with a 90% probability hold a price between JP¥2,359.76 and JP¥2,802.32 at the end of this 3-month period.
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2579.T Signals & Forecast
The Coca-Cola Bottlers Japan Holdings Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,209.21 and JP¥2,215.59. 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 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. 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, March 26, 2024, and so far it has fallen -2.18%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Coca-Cola Bottlers Japan Holdings Inc. stock
Coca-Cola Bottlers Japan Holdings Inc. finds support from accumulated volume at JP¥2,180.00 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¥26.50 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: JP¥2,158.56 (-3.72%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (2579.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Coca-Cola Bottlers Japan Holdings Inc. to open at JP¥2,242.50, and during the day (based on 14 day Average True Range), to move between JP¥2,191.91 and JP¥2,292.09, which gives a possible trading interval of +/-JP¥50.09 (+/-2.23%) up or down from last closing price. If Coca-Cola Bottlers Japan Holdings Inc. takes out the full calculated possible swing range there will be an estimated 4.47% 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¥2,244.50 (0.11%) than the support at JP¥2,180.00 (2.77%), 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
Coca-Cola Bottlers Japan Holdings Inc. will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is -$18.01. We will update the financials statements for Coca-Cola Bottlers Japan Holdings Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.90% in the first trading day after earnings release.
Is Coca-Cola Bottlers Japan Holdings Inc. stock A Buy?
Coca-Cola Bottlers Japan Holdings Inc. 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: 0.909 Hold/Accumulate Downgraded
Predicted Opening Price for Coca-Cola Bottlers Japan Holdings Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,242.50 ( 0.0223%) | JP¥2,242.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2579.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,269.00 | 1.20 % | |
| R2 | 2,258.88 | 0.753 % | ||
| R1 | 2,252.62 | 0.474 % | ||
| Current price: | 2,242.00 | |||
| Support | S1 | 2,232.38 | -0.429 % | |
| S2 | 2,226.12 | -0.708 % | ||
| S3 | 2,216.00 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,277.00 | 1.56 % | |
| R2 | 2,250.50 | 0.379 % | ||
| R1 | 2,244.50 | 0.112 % | ||
| Current price | 2,242.00 | |||
| Support | S1 | 2,180.00 | -2.77% | |
| S2 | 2,095.00 | -6.56% | ||
| S3 | 1,766.50 | -21.21% |
2579 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥25.00 | 1.64% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥25.00 | 1.74% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥25.00 | 1.56% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥25.00 | 1.86% |
FAQ
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