FreeBit 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
FreeBit Co.,Ltd. stock price down 1.15% on Friday
(Updated on Jun 28, 2024)
The FreeBit Co.,Ltd. stock price fell by -1.15% on the last day (Friday, 28th Jun 2024) from JP¥1,307.00 to JP¥1,292.00. During the last trading day the stock fluctuated 2.33% from a day low at JP¥1,285.00 to a day high of JP¥1,315.00. The price has risen in 5 of the last 10 days but is still down by -4.93% for this period. 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 -56 thousand shares and in total, 59 thousand shares were bought and sold for approximately JP¥75.97 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.26% during the next 3 months and, with a 90% probability hold a price between JP¥998.99 and JP¥1,203.02 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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3843.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 9.58%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FreeBit Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,366.14. On a fall, the stock will find some support from the short-term average at JP¥1,260.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.
Support, Risk & Stop-loss for FreeBit Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,196.00 and JP¥1,187.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, FreeBit Co.,Ltd. finds support just below today's level at JP¥1,196.00. If this is broken, then the next support from accumulated volume will be at JP¥1,187.00 and JP¥1,179.00.
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¥30.00 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3843.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect FreeBit Co.,Ltd. to open at JP¥1,297.33, and during the day (based on 14 day Average True Range), to move between JP¥1,252.35 and JP¥1,331.65, which gives a possible trading interval of +/-JP¥39.65 (+/-3.07%) up or down from last closing price. If FreeBit Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 6.14% 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¥1,359.00 (5.19%) than the support at JP¥1,196.00 (7.43%), 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 FreeBit Co.,Ltd. stock A Buy?
FreeBit Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.282 Sell Candidate Unchanged
Predicted Opening Price for FreeBit Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥1,297.33 ( 0.413%) | JP¥1,292.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3843.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,327.33 | 2.73% |
| R2 | 1,315.87 | 1.85% |
| R1 | 1,308.79 | 1.30% |
| Price | 1,292.00 | |
| S1 | 1,285.87 | -0.474% |
| S2 | 1,278.79 | -1.02% |
| S3 | 1,267.33 | -1.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,502.00 | 16.25% |
| R2 | 1,447.00 | 12.00% |
| R1 | 1,359.00 | 5.19% |
| Price | 1,292.00 | |
| S1 | 1,196.00 | -7.43% |
| S2 | 1,187.00 | -8.13% |
| S3 | 1,179.00 | -8.75% |
3843 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Jul 01, 2024 | JP¥27.00 | 2.09% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥8.00 | 0.532% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥7.50 | 0.87% |
| 4 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | JP¥7.00 | 0.783% |
| 5 | Apr 28, 2020 | Apr 28, 2020 | Apr 28, 2020 | JP¥7.00 | 0.92% |
FAQ
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