J-OIL MILLS, 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
J-OIL MILLS, INC. stock price up 0.203% on Thursday
(Updated on May 02, 2024)
The J-OIL MILLS, INC. stock price gained 0.203% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,968.00 to JP¥1,972.00. During the last trading day the stock fluctuated 0.763% from a day low at JP¥1,967.00 to a day high of JP¥1,982.00. The price has risen in 7 of the last 10 days and is up by 3.08% 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, 6 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately JP¥55.81 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 J-OIL MILLS, INC. stock with a 90% probability to be traded between JP¥1,864.57 and JP¥1,994.83 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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2613.T Signals & Forecast
There are mixed signals in the stock today. The J-OIL MILLS, INC. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥1,972.43 and JP¥1,973.14. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.25%. Further rise is indicated until a new top pivot has been found. 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.
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 6.76% to JP¥2,105.36 within 44 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for J-OIL MILLS, INC. stock
J-OIL MILLS, INC. finds support from accumulated volume at JP¥1,959.00 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¥15.00 between high and low, or 0.763%. For the last week the stock has had daily average volatility of 0.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2613.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect J-OIL MILLS, INC. to open at JP¥1,973.67, and during the day (based on 14 day Average True Range), to move between JP¥1,943.92 and JP¥2,000.08, which gives a possible trading interval of +/-JP¥28.08 (+/-1.42%) up or down from last closing price. If J-OIL MILLS, INC. takes out the full calculated possible swing range there will be an estimated 2.85% 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¥1,980.00 (0.41%) than the support at JP¥1,959.00 (0.66%), 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
J-OIL MILLS, INC. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for J-OIL MILLS, INC., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.85% in the first trading day after earnings release.
Is J-OIL MILLS, INC. stock A Buy?
J-OIL MILLS, INC. 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: -2.304 Sell Candidate Unchanged
Predicted Opening Price for J-OIL MILLS, INC. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,973.67 ( 0.0845%) | JP¥1,972.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2613.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,988.67 | 0.85 % | |
| R2 | 1,982.94 | 0.555 % | ||
| R1 | 1,979.40 | 0.375 % | ||
| Current price: | 1,972.00 | |||
| Support | S1 | 1,967.94 | -0.206 % | |
| S2 | 1,964.40 | -0.386 % | ||
| S3 | 1,958.67 | -0.676 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,015.00 | 2.18 % | |
| R2 | 2,012.00 | 2.03 % | ||
| R1 | 1,980.00 | 0.406 % | ||
| Current price | 1,972.00 | |||
| Support | S1 | 1,959.00 | -0.659% | |
| S2 | 1,957.00 | -0.761% | ||
| S3 | 1,935.00 | -1.88% |
2613 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥10.00 | 0.659% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0.644% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥25.00 | 1.51% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥25.00 | 1.38% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥25.00 | 1.24% |
FAQ
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