SANKEI REAL ESTATE 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
SANKEI REAL ESTATE Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)
The SANKEI REAL ESTATE Inc. stock price gained 0.359% on the last trading day (Friday, 14th Jun 2024), rising from JP¥83,500.00 to JP¥83,800.00. During the last trading day the stock fluctuated 0.96% from a day low at JP¥83,400.00 to a day high of JP¥84,200.00. The price has fallen in 7 of the last 10 days and is down by -3.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 368 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately JP¥124.19 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥83,445.30 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.57% during the next 3 months and, with a 90% probability hold a price between JP¥80,464.38 and JP¥86,850.88 at the end of this 3-month period.
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2972.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.359%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SANKEI REAL ESTATE 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¥84,357.14 and JP¥88,054.29. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for SANKEI REAL ESTATE Inc. stock
SANKEI REAL ESTATE Inc. finds support from accumulated volume at JP¥83,500.00 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¥800.00 (0.96%) between high and low. For the last week, the stock has had daily average volatility of 1.05%.
Our recommended stop-loss: JP¥78,401.17 (-6.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (2972.T) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect SANKEI REAL ESTATE Inc. to open at JP¥83,800.00, and during the day (based on 14 day Average True Range), to move between JP¥82,730.37 and JP¥84,869.63, which gives a possible trading interval of +/-JP¥1,069.63 (+/-1.28%) up or down from last closing price. If SANKEI REAL ESTATE Inc. takes out the full calculated possible swing range there will be an estimated 2.55% 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¥83,500.00 (0.36%) than the resistance at JP¥85,500.00 (2.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SANKEI REAL ESTATE Inc. stock A Buy?
SANKEI REAL ESTATE Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.038 Hold/Accumulate Upgraded
Predicted Opening Price for SANKEI REAL ESTATE Inc. of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
JP¥83,800.00 ( 0%) | JP¥83,800.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2972.T
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 84,600.00 | 0.95% |
R2 | 84,294.40 | 0.590% |
R1 | 84,105.60 | 0.365% |
Price | 83,800.00 | |
S1 | 83,494.40 | -0.365% |
S2 | 83,305.60 | -0.590% |
S3 | 83,000.00 | -0.95% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 89,300.00 | 6.56% |
R2 | 88,400.00 | 5.49% |
R1 | 85,500.00 | 2.03% |
Price | 83,800.00 | |
S1 | 83,500.00 | -0.358% |
S2 | 0 | - |
S3 | 0 | - |
2972 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥2,208.00 | 2.63% |
2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥2,050.00 | 2.35% |
3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥2,377.00 | 2.55% |
4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥2,305.00 | 2.66% |
5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥3,158.00 | 3.24% |
FAQ
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