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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 3176.T
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Sanyo Trading Co.,Ltd. stock price ended at JP¥1,544.00 on Friday, after gaining 1.85%.
(Updated on Jun 14, 2024)

Sell candidate since Jun 13, 2024 Gain 1.85% PDF

The Sanyo Trading Co.,Ltd. stock price gained 1.85% on the last trading day (Friday, 14th Jun 2024), rising from JP¥1,516.00 to JP¥1,544.00. During the last trading day the stock fluctuated 3.05% from a day low at JP¥1,506.00 to a day high of JP¥1,552.00. The price has risen in 5 of the last 10 days but is still down by -1.09% for this period. Volume fell on the last day by -61 thousand shares and in total, 57 thousand shares were bought and sold for approximately JP¥88.01 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.49% during the next 3 months and, with a 90% probability hold a price between JP¥1,710.08 and JP¥2,066.33 at the end of this 3-month period.

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3176.T Signals & Forecast

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. The Sanyo Trading Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,548.71. On a fall, the stock will find some support from the short-term average at JP¥1,537.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -7.60%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Sanyo Trading Co.,Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,343.00 and JP¥1,269.00. 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, Sanyo Trading Co.,Ltd. finds support just below today's level at JP¥1,343.00. If this is broken, then the next support from accumulated volume will be at JP¥1,269.00 and JP¥1,217.00.

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¥46.00 (3.05%) between high and low. For the last week, the stock has had daily average volatility of 3.35%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (3176.T) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Sanyo Trading Co.,Ltd. to open at JP¥1,534.00, and during the day (based on 14 day Average True Range), to move between JP¥1,500.68 and JP¥1,587.32, which gives a possible trading interval of +/-JP¥43.32 (+/-2.81%) up or down from last closing price. If Sanyo Trading Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.61% 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¥1,560.00 (1.04%) than the support at JP¥1,343.00 (13.02%), 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 Sanyo Trading Co.,Ltd. stock A Buy?

The Sanyo Trading Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Sanyo Trading Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.999 Sell Candidate Unchanged

Predicted Opening Price for Sanyo Trading Co.,Ltd. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
JP¥1,534.00 ( 0.648%) JP¥1,544.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 3176.T

Fibonacci Support & Resistance Levels

Level Price
R3 1,580.00 2.33%
R2 1,562.43 1.19%
R1 1,551.57 0.490%
Price 1,544.00
S1 1,516.43 -1.79%
S2 1,505.57 -2.49%
S3 1,488.00 -3.63%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1,671.00 8.23%
R2 1,598.00 3.50%
R1 1,560.00 1.04%
Price 1,544.00
S1 1,343.00 -13.02%
S2 1,269.00 -17.81%
S3 1,217.00 -21.18%

3176 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 27, 2024 Sep 27, 2024 Dec 01, 2024 JP¥23.00 1.49%
2 Mar 28, 2024 Mar 28, 2024 Jun 14, 2024 JP¥21.00 1.36%
3 Sep 28, 2023 Sep 28, 2023 Dec 01, 2023 JP¥22.00 1.66%
4 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥21.00 1.74%
5 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥21.00 2.01%

FAQ

What is the symbol for Sanyo Trading Co.,Ltd. Stock and on which exchange is it traded?
The symbol for Sanyo Trading Co.,Ltd. is 3176.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell Sanyo Trading Co.,Ltd. Stock?
The Sanyo Trading Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Sanyo Trading Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Sanyo Trading Co.,Ltd. Stock?
Sanyo Trading Co.,Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sanyo Trading Co.,Ltd. Stock.

What's the current price of Sanyo Trading Co.,Ltd. Stock?
As of the end of day on the Jun 14, 2024, the price of an Sanyo Trading Co.,Ltd. (3176.T) share was JP¥1,544.00.

What is the 52-week high and low for Sanyo Trading Co.,Ltd. Stock?
The 52-week high for Sanyo Trading Co.,Ltd. Stock is JP¥1,733.00 and the 52-week low is JP¥1,162.00.

What is the market capitalization of Sanyo Trading Co.,Ltd. Stock?
As of the Jun 14, 2024, the market capitalization of Sanyo Trading Co.,Ltd. is 43.65B.

When is the next earnings date for Sanyo Trading Co.,Ltd.?
The upcoming earnings date for Sanyo Trading Co.,Ltd. is Aug 05, 2024.
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About Sanyo Trading Co.,Ltd.

Sanyo Trading Co.Ltd. Sanyo Trading Co., Ltd., through its subsidiaries, engages in the rubber, chemicals, machinery and environmental, industrial products, and scientific instruments businesses in Japan and internationally. The company provides various rubbers, such as butyl rubbers, as well as nitrile butadiene rubbers (NBR) and hydrogenated NBR for industrial rubber goods; and specialty and general purpose rubbers, including polyisoprene, isoprene rubbers, EPDM, po... 3176.T Profile

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