Sanyo Trading 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
Sanyo Trading Co.,Ltd. stock price up 3.30% on Tuesday
(Updated on Jun 25, 2024)
The Sanyo Trading Co.,Ltd. stock price gained 3.30% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥1,578.00 to JP¥1,630.00. During the last trading day the stock fluctuated 2.56% from a day low at JP¥1,600.00 to a day high of JP¥1,641.00. The price has risen in 6 of the last 10 days and is up by 5.91% 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, 36 thousand more shares were traded than the day before. In total, 91 thousand shares were bought and sold for approximately JP¥147.52 million.
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 10.40% during the next 3 months and, with a 90% probability hold a price between JP¥1,670.92 and JP¥1,939.12 at the end of this 3-month period.
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3176.T Signals & Forecast
The Sanyo Trading Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,564.71 and JP¥1,566.49. A breakdown below any of these levels will issue sell signals. 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. 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 Friday, May 10, 2024, and so far it has fallen -2.45%. Further fall is indicated until a new bottom pivot has been found.
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¥1,456.00 and JP¥1,448.00. 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¥1,456.00. If this is broken, then the next support from accumulated volume will be at JP¥1,448.00 and JP¥1,400.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥41.00 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: JP¥1,551.47 (-4.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (3176.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sanyo Trading Co.,Ltd. to open at JP¥1,623.67, and during the day (based on 14 day Average True Range), to move between JP¥1,590.22 and JP¥1,669.78, which gives a possible trading interval of +/-JP¥39.78 (+/-2.44%) 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 4.88% 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¥1,671.00 (2.52%) than the support at JP¥1,456.00 (10.67%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sanyo Trading Co.,Ltd. stock to perform well in the short-term.
Current score: 3.848 Buy Candidate Unchanged
Predicted Opening Price for Sanyo Trading Co.,Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥1,623.67 ( 0.389%) | JP¥1,630.00 |
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 | 1,664.67 | 2.13% |
| R2 | 1,649.00 | 1.17% |
| R1 | 1,639.33 | 0.572% |
| Price | 1,630.00 | |
| S1 | 1,608.00 | -1.35% |
| S2 | 1,598.33 | -1.94% |
| S3 | 1,582.67 | -2.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 1,671.00 | 2.52% |
| Price | 1,630.00 | |
| S1 | 1,456.00 | -10.67% |
| S2 | 1,448.00 | -11.17% |
| S3 | 1,400.00 | -14.11% |
3176 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Dec 01, 2024 | JP¥23.00 | 1.41% |
| 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% |
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