Iida Group Holdings 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
Iida Group Holdings Co.,Ltd. stock price down 1.60% on Friday
(Updated on Jun 28, 2024)
The Iida Group Holdings Co.,Ltd. stock price fell by -1.60% on the last day (Friday, 28th Jun 2024) from JP¥2,152.00 to JP¥2,117.50. During the last trading day the stock fluctuated 2.39% from a day low at JP¥2,112.50 to a day high of JP¥2,163.00. The price has been going up and down for this period, and there has been a -2.64% loss for the last 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 543 thousand shares were bought and sold for approximately JP¥1.15 billion.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,100.17 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.29% during the next 3 months and, with a 90% probability hold a price between JP¥2,337.36 and JP¥2,512.47 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
3291.T Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -3.35%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Iida Group Holdings Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥2,118.21. On a fall, the stock will find some support from the long-term average at approximately JP¥2,109.90. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Iida Group Holdings Co.,Ltd. stock
Iida Group Holdings Co.,Ltd. finds support from accumulated volume at JP¥2,098.00 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¥50.50 between high and low, or 2.39%. For the last week the stock has had daily average volatility of 1.90%.
Our recommended stop-loss: JP¥2,009.08 (-5.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 59 days ago.)
Trading Expectations (3291.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Iida Group Holdings Co.,Ltd. to open at JP¥2,131.00, and during the day (based on 14 day Average True Range), to move between JP¥2,069.95 and JP¥2,165.05, which gives a possible trading interval of +/-JP¥47.55 (+/-2.25%) up or down from last closing price. If Iida Group Holdings Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.49% 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¥2,124.00 (0.31%) than the support at JP¥2,098.00 (0.92%), 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 Iida Group Holdings Co.,Ltd. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.539 Buy Candidate Unchanged
Predicted Opening Price for Iida Group Holdings Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥2,131.00 ( 0.638%) | JP¥2,117.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3291.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,181.50 | 3.02% |
| R2 | 2,162.21 | 2.11% |
| R1 | 2,150.29 | 1.55% |
| Price | 2,117.50 | |
| S1 | 2,111.71 | -0.273% |
| S2 | 2,099.79 | -0.84% |
| S3 | 2,080.50 | -1.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,191.00 | 3.47% |
| R2 | 2,142.00 | 1.16% |
| R1 | 2,124.00 | 0.307% |
| Price | 2,117.50 | |
| S1 | 2,098.00 | -0.92% |
| S2 | 2,084.00 | -1.58% |
| S3 | 2,070.00 | -2.24% |
3291 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 26, 2024 | JP¥45.00 | 2.10% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 05, 2023 | JP¥45.00 | 2.08% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥45.00 | 2.10% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥45.00 | 2.29% |
FAQ
Click here for our free guide on how to buy Iida Group Holdings Co.,Ltd. Stock.
