AZOOM 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
AZOOM CO.,LTD stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The AZOOM CO.,LTD stock price gained 0.160% on the last trading day (Friday, 17th May 2024), rising from JP¥6,250.00 to JP¥6,260.00. During the last trading day the stock fluctuated 1.79% from a day low at JP¥6,160.00 to a day high of JP¥6,270.00. The price has fallen in 5 of the last 10 days but is still up by 3.47% 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, 8 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately JP¥190.93 million.
The stock lies the upper part of a very wide and falling 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¥6,324.59 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.59% during the next 3 months and, with a 90% probability hold a price between JP¥4,509.66 and JP¥5,654.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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3496.T Signals & Forecast
The AZOOM 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¥6,268.57. On a fall, the stock will find some support from the long-term average at approximately JP¥5,829.71. 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. 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 Wednesday, May 15, 2024, and so far it has fallen -1.42%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AZOOM CO.,LTD stock
AZOOM CO.,LTD finds support from accumulated volume at JP¥6,050.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥110.00 between high and low, or 1.79%. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: JP¥6,006.46 (-4.05%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (3496.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect AZOOM CO.,LTD to open at JP¥6,230.00, and during the day (based on 14 day Average True Range), to move between JP¥6,021.34 and JP¥6,498.66, which gives a possible trading interval of +/-JP¥238.66 (+/-3.81%) up or down from last closing price. If AZOOM CO.,LTD takes out the full calculated possible swing range there will be an estimated 7.62% 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¥6,310.00 (0.80%) than the support at JP¥6,050.00 (3.35%), 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 AZOOM CO.,LTD stock A Buy?
AZOOM CO.,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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.394 Hold/Accumulate Upgraded
Predicted Opening Price for AZOOM CO.,LTD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥6,230.00 ( 0.479%) | JP¥6,260.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3496.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,340.00 | 1.28 % | |
| R2 | 6,297.98 | 0.607 % | ||
| R1 | 6,272.02 | 0.192 % | ||
| Current price: | 6,260.00 | |||
| Support | S1 | 6,187.98 | -1.15 % | |
| S2 | 6,162.02 | -1.57 % | ||
| S3 | 6,120.00 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,350.00 | 1.44 % | |
| R2 | 6,320.00 | 0.96 % | ||
| R1 | 6,310.00 | 0.799 % | ||
| Current price | 6,260.00 | |||
| Support | S1 | 6,050.00 | -3.35% | |
| S2 | 5,840.00 | -6.71% | ||
| S3 | 5,330.00 | -14.86% |
3496 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 0.365% |
| 3 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥10.00 | 0.429% |
FAQ
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