UNITIKA 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
Big movements in UNITIKA LTD. stock price on Friday moving 12.14% between high and low
(Updated on Jun 21, 2024)
The UNITIKA LTD. stock price gained 10.25% on the last trading day (Friday, 21st Jun 2024), rising from JP¥283.00 to JP¥312.00. During the last trading day the stock fluctuated 12.14% from a day low at JP¥280.00 to a day high of JP¥314.00. The price has risen in 6 of the last 10 days and is up by 27.87% 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, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately JP¥1.67 billion.
The stock lies in the upper part of a wide and 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¥312.85 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 47.79% during the next 3 months and, with a 90% probability hold a price between JP¥375.02 and JP¥462.38 at the end of this 3-month period.
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3103.T Signals & Forecast
The UNITIKA 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¥280.71 and JP¥243.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 38.05%. 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.
Support, Risk & Stop-loss for UNITIKA LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥289.00 and JP¥261.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, UNITIKA LTD. finds support just below today's level at JP¥289.00. If this is broken, then the next support from accumulated volume will be at JP¥261.00 and JP¥245.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥34.00 between high and low, or 12.14%. For the last week, the stock has had daily average volatility of 7.18%.
The UNITIKA LTD. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥301.14 (-3.48%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (3103.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect UNITIKA LTD. to open at JP¥302.00, and during the day (based on 14 day Average True Range), to move between JP¥296.84 and JP¥327.16, which gives a possible trading interval of +/-JP¥15.16 (+/-4.86%) up or down from last closing price. If UNITIKA LTD. takes out the full calculated possible swing range there will be an estimated 9.72% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥289.00, some JP¥23.00 (7.37%) from the current price of JP¥312.00, our system finds the risk reward attractive.
Is UNITIKA LTD. stock A Buy?
UNITIKA 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 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 UNITIKA LTD. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥302.00 ( 3.21%) | JP¥312.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3103.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 336.00 | 7.69% |
| R2 | 323.01 | 3.53% |
| R1 | 314.99 | 0.96% |
| Price | 312.00 | |
| S1 | 289.01 | -7.37% |
| S2 | 280.99 | -9.94% |
| S3 | 268.00 | -14.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 312.00 | |
| S1 | 289.00 | -7.37% |
| S2 | 261.00 | -16.35% |
| S3 | 245.00 | -21.47% |
3103 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2009 | Mar 26, 2009 | Mar 26, 2009 | JP¥20.00 | 2.90% |
| 2 | Mar 26, 2008 | Mar 26, 2008 | Mar 26, 2008 | JP¥20.00 | 2.04% |
| 3 | Mar 27, 2007 | Mar 27, 2007 | Mar 27, 2007 | JP¥20.00 | 1.21% |
| 4 | Mar 28, 2006 | Mar 28, 2006 | Mar 28, 2006 | JP¥20.00 | 0.92% |
| 5 | Mar 28, 2005 | Mar 28, 2005 | Mar 28, 2005 | JP¥20.00 | 1.57% |
FAQ
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