Samty 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
Evaluation of Samty Co.,Ltd. stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Samty Co.,Ltd. stock price gained 0.226% on the last trading day (Friday, 17th May 2024), rising from JP¥2,656.00 to JP¥2,662.00. During the last trading day the stock fluctuated 1.37% from a day low at JP¥2,631.00 to a day high of JP¥2,667.00. The price has risen in 6 of the last 10 days but is still down by -0.78% for this period. Volume fell on the last day by -19 thousand shares and in total, 73 thousand shares were bought and sold for approximately JP¥194.06 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 has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥2,664.00. A reaction back to this level may hold a second chance to get out before further falls.
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3244.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.06%. 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 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 Samty Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥2,678.14 and JP¥2,716.46. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Samty Co.,Ltd. stock
Samty Co.,Ltd. finds support from accumulated volume at JP¥2,626.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥36.00 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3244.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Samty Co.,Ltd. to open at JP¥2,653.33, and during the day (based on 14 day Average True Range), to move between JP¥2,617.32 and JP¥2,706.68, which gives a possible trading interval of +/-JP¥44.68 (+/-1.68%) up or down from last closing price. If Samty Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.36% 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¥2,693.00 (1.16%) than the support at JP¥2,626.00 (1.35%), 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 Samty Co.,Ltd. stock A Buy?
The Samty Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Samty Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.814 Sell Candidate Downgraded
Predicted Opening Price for Samty Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,653.33 ( 0.326%) | JP¥2,662.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3244.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,689.33 | 1.03 % | |
| R2 | 2,675.58 | 0.510 % | ||
| R1 | 2,667.09 | 0.191 % | ||
| Current price: | 2,662.00 | |||
| Support | S1 | 2,639.58 | -0.84 % | |
| S2 | 2,631.09 | -1.16 % | ||
| S3 | 2,617.33 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,805.00 | 5.37 % | |
| R2 | 2,761.00 | 3.72 % | ||
| R1 | 2,693.00 | 1.16 % | ||
| Current price | 2,662.00 | |||
| Support | S1 | 2,626.00 | -1.35% | |
| S2 | 2,616.00 | -1.73% | ||
| S3 | 2,600.00 | -2.33% |
3244 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | May 30, 2024 | JP¥0 | 0% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | JP¥39.00 | 1.83% |
| 3 | Nov 29, 2022 | Nov 29, 2022 | Nov 29, 2022 | JP¥51.00 | 2.22% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | JP¥39.00 | 1.94% |
| 5 | Nov 29, 2021 | Nov 29, 2021 | Nov 29, 2021 | JP¥51.00 | 2.25% |
FAQ
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