SonoScape Medical Corp 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
SonoScape Medical Corp stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 13, 2024)
The SonoScape Medical Corp stock price gained 1.39% on the last trading day (Monday, 13th May 2024), rising from ¥40.40 to ¥40.96. During the last trading day the stock fluctuated 2.44% from a day low at ¥40.10 to a day high of ¥41.08. The price has risen in 6 of the last 10 days and is up by 3.88% over the past 2 weeks. Volume fell on the last day by -503 thousand shares and in total, 4 million shares were bought and sold for approximately ¥144.16 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 very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SonoScape Medical Corp stock with a 90% probability to be traded between ¥35.05 and ¥44.37 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
300633.SZ Signals & Forecast
The SonoScape Medical Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥41.36. On a fall, the stock will find some support from the long-term average at approximately ¥39.17. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, May 06, 2024, and so far it has fallen -4.77%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SonoScape Medical Corp stock
SonoScape Medical Corp finds support from accumulated volume at ¥40.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ¥0.98 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: ¥39.08 (-4.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (300633.SZ) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect SonoScape Medical Corp to open at ¥40.71, and during the day (based on 14 day Average True Range), to move between ¥38.99 and ¥42.93, which gives a possible trading interval of +/-¥1.97 (+/-4.80%) up or down from last closing price. If SonoScape Medical Corp takes out the full calculated possible swing range there will be an estimated 9.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥40.99 (0.07%) than the support at ¥40.03 (2.27%), 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.
Is SonoScape Medical Corp stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SonoScape Medical Corp stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.481 Buy Candidate Upgraded
Predicted Opening Price for SonoScape Medical Corp of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| ¥40.71 ( 0.602%) | ¥40.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 300633.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.69 | 1.79 % | |
| R2 | 41.32 | 0.88 % | ||
| R1 | 41.09 | 0.312 % | ||
| Current price: | 40.96 | |||
| Support | S1 | 40.34 | -1.52 % | |
| S2 | 40.11 | -2.08 % | ||
| S3 | 39.73 | -2.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.10 | 7.67 % | |
| R2 | 43.58 | 6.40 % | ||
| R1 | 40.99 | 0.0732 % | ||
| Current price | 40.96 | |||
| Support | S1 | 40.03 | -2.27% | |
| S2 | 38.97 | -4.86% | ||
| S3 | 36.60 | -10.64% |
300633 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | ¥0.180 | 0.307% |
| 2 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | ¥0.125 | 0.332% |
| 3 | Jul 10, 2020 | Jul 10, 2020 | Jul 10, 2020 | ¥0.0260 | 0.0718% |
| 4 | Jun 13, 2019 | Jun 13, 2019 | Jun 13, 2019 | ¥0.0650 | 0.221% |
| 5 | May 18, 2018 | May 18, 2018 | May 18, 2018 | ¥0.0500 | 0.130% |
FAQ
Click here for our free guide on how to buy SonoScape Medical Corp Stock.
