BRONCO BILLY Co.,LTD. 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
BRONCO BILLY Co.,LTD. stock downgraded from Strong Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The BRONCO BILLY Co.,LTD. stock price gained 2.55% on the last trading day (Friday, 17th May 2024), rising from JP¥3,920.00 to JP¥4,020.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.73% from a day low at JP¥3,890.00 to a day high of JP¥4,035.00. The price has risen in 7 of the last 10 days and is up by 3.47% over the past 2 weeks. Volume fell on the last day by -300 shares and in total, 109 thousand shares were bought and sold for approximately JP¥436.57 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 lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥4,071.69 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.67% during the next 3 months and, with a 90% probability hold a price between JP¥4,385.23 and JP¥4,791.34 at the end of this 3-month period.
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3091.T Signals & Forecast
The BRONCO BILLY Co.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥3,835.00 and JP¥3,741.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 8.65%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BRONCO BILLY Co.,LTD. stock
BRONCO BILLY Co.,LTD. finds support from accumulated volume at JP¥3,920.00 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 JP¥145.00 between high and low, or 3.73%. For the last week, the stock has had daily average volatility of 2.45%.
Since the BRONCO BILLY Co.,LTD. has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: JP¥3,887.34 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (3091.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect BRONCO BILLY Co.,LTD. to open at JP¥3,981.67, and during the day (based on 14 day Average True Range), to move between JP¥3,928.20 and JP¥4,111.80, which gives a possible trading interval of +/-JP¥91.80 (+/-2.28%) up or down from last closing price. If BRONCO BILLY Co.,LTD. takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,920.00, some JP¥100.00 (2.49%) from the current price of JP¥4,020.00, our system finds the risk reward attractive.
Is BRONCO BILLY Co.,LTD. stock A Buy?
BRONCO BILLY Co.,LTD. 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 Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for BRONCO BILLY Co.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥3,981.67 ( 0.95%) | JP¥4,020.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3091.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,126.67 | 2.65 % | |
| R2 | 4,071.28 | 1.28 % | ||
| R1 | 4,037.06 | 0.424 % | ||
| Current price: | 4,020.00 | |||
| Support | S1 | 3,926.28 | -2.33 % | |
| S2 | 3,892.06 | -3.18 % | ||
| S3 | 3,836.67 | -4.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4,020.00 | |||
| Support | S1 | 3,920.00 | -2.49% | |
| S2 | 3,860.00 | -3.98% | ||
| S3 | 3,540.00 | -11.94% |
3091 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¥8.00 | 0.281% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥8.00 | 0.329% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥8.00 | 0.335% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥10.00 | 0.422% |
FAQ
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