GungHo Online Entertainment,Inc. 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
GungHo Online Entertainment,Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The GungHo Online Entertainment,Inc. stock price fell by -0.82% on the last day (Thursday, 2nd May 2024) from JP¥2,324.00 to JP¥2,305.00. During the last trading day the stock fluctuated 1.37% from a day low at JP¥2,303.50 to a day high of JP¥2,335.00. The price has risen in 6 of the last 10 days and is up by 3.78% 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 -88 thousand shares and in total, 163 thousand shares were bought and sold for approximately JP¥376.64 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect GungHo Online Entertainment,Inc. stock with a 90% probability to be traded between JP¥2,053.31 and JP¥2,382.97 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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3765.T Signals & Forecast
The GungHo Online Entertainment,Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥2,297.71 and JP¥2,294.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.16%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for GungHo Online Entertainment,Inc. stock
GungHo Online Entertainment,Inc. finds support from accumulated volume at JP¥2,263.00 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¥31.50 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: JP¥2,194.76 (-4.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (3765.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect GungHo Online Entertainment,Inc. to open at JP¥2,314.50, and during the day (based on 14 day Average True Range), to move between JP¥2,252.21 and JP¥2,357.79, which gives a possible trading interval of +/-JP¥52.79 (+/-2.29%) up or down from last closing price. If GungHo Online Entertainment,Inc. takes out the full calculated possible swing range there will be an estimated 4.58% 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¥2,320.50 (0.67%) than the support at JP¥2,263.00 (1.82%), 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.
Earnings coming up
GungHo Online Entertainment,Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $48.75. We will update the financials statements for GungHo Online Entertainment,Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.21% in the first trading day after earnings release.
Is GungHo Online Entertainment,Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for GungHo Online Entertainment,Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.688 Buy Candidate Upgraded
Predicted Opening Price for GungHo Online Entertainment,Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,314.50 ( 0.412%) | JP¥2,305.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3765.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,346.00 | 1.78 % | |
| R2 | 2,333.97 | 1.26 % | ||
| R1 | 2,326.53 | 0.93 % | ||
| Current price: | 2,305.00 | |||
| Support | S1 | 2,302.47 | -0.110 % | |
| S2 | 2,295.03 | -0.432 % | ||
| S3 | 2,283.00 | -0.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,440.50 | 5.88 % | |
| R2 | 2,329.50 | 1.06 % | ||
| R1 | 2,320.50 | 0.672 % | ||
| Current price | 2,305.00 | |||
| Support | S1 | 2,263.00 | -1.82% | |
| S2 | 2,217.00 | -3.82% | ||
| S3 | 2,173.00 | -5.73% |
3765 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | JP¥30.00 | 1.38% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥30.00 | 1.40% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥30.00 | 1.14% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥30.00 | 1.27% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥30.00 | 1.26% |
FAQ
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