JAPAN MEAT 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
JAPAN MEAT CO.,LTD. stock price ended at JP¥2,676.00 on Thursday, after losing 0.557%.
(Updated on May 02, 2024)
The JAPAN MEAT CO.,LTD. stock price fell by -0.557% on the last day (Thursday, 2nd May 2024) from JP¥2,691.00 to JP¥2,676.00. During the last trading day the stock fluctuated 2.20% from a day low at JP¥2,636.00 to a day high of JP¥2,694.00. The price has risen in 7 of the last 10 days and is up by 2.69% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -15 thousand shares and in total, 22 thousand shares were bought and sold for approximately JP¥57.80 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,618.75 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 13.52% during the next 3 months and, with a 90% probability hold a price between JP¥2,972.92 and JP¥3,326.35 at the end of this 3-month period.
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3539.T Signals & Forecast
The JAPAN MEAT 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¥2,644.00 and JP¥2,663.60. A breakdown below any of these levels will issue sell signals. 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, March 29, 2024, and so far it has fallen -4.22%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, October 24, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, October 24, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for JAPAN MEAT CO.,LTD. stock
JAPAN MEAT CO.,LTD. finds support from accumulated volume at JP¥2,612.00 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¥58.00 between high and low, or 2.20%. For the last week the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: JP¥2,561.64 (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (3539.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect JAPAN MEAT CO.,LTD. to open at JP¥2,668.67, and during the day (based on 14 day Average True Range), to move between JP¥2,607.29 and JP¥2,744.71, which gives a possible trading interval of +/-JP¥68.71 (+/-2.57%) up or down from last closing price. If JAPAN MEAT CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.14% 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¥2,686.00 (0.37%) than the support at JP¥2,612.00 (2.39%), 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 JAPAN MEAT 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 JAPAN MEAT CO.,LTD. stock to perform well in the short-term.
Current score: 1.284 Buy Candidate Unchanged
Predicted Opening Price for JAPAN MEAT CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,668.67 ( 0.274%) | JP¥2,676.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3539.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,726.67 | 1.89 % | |
| R2 | 2,704.51 | 1.07 % | ||
| R1 | 2,690.82 | 0.554 % | ||
| Current price: | 2,676.00 | |||
| Support | S1 | 2,646.51 | -1.10 % | |
| S2 | 2,632.82 | -1.61 % | ||
| S3 | 2,610.67 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,739.00 | 2.35 % | |
| R2 | 2,729.00 | 1.98 % | ||
| R1 | 2,686.00 | 0.374 % | ||
| Current price | 2,676.00 | |||
| Support | S1 | 2,612.00 | -2.39% | |
| S2 | 2,587.00 | -3.33% | ||
| S3 | 2,574.00 | -3.81% |
3539 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Jul 30, 2024 | JP¥0 | 0% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥20.00 | 1.02% |
| 3 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥20.00 | 1.12% |
| 4 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥20.00 | 1.25% |
| 5 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥15.00 | 0.93% |
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