Showcase 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
Showcase Inc. stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Showcase Inc. stock price gained 1.01% on the last trading day (Friday, 17th May 2024), rising from JP¥297.00 to JP¥300.00. During the last trading day the stock fluctuated 4.47% from a day low at JP¥291.00 to a day high of JP¥304.00. The price has fallen in 6 of the last 10 days and is down by -1.96% for this period. Volume fell on the last day by -844 thousand shares and in total, 60 thousand shares were bought and sold for approximately JP¥17.94 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥296.63 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.80% during the next 3 months and, with a 90% probability hold a price between JP¥279.43 and JP¥335.02 at the end of this 3-month period.
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3909.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 1.01%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Showcase Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥304.43 and JP¥322.77. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Showcase Inc. stock
Showcase Inc. finds support from accumulated volume at JP¥297.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥13.00 (4.47%) between high and low. For the last week, the stock has had daily average volatility of 7.25%.
Our recommended stop-loss: JP¥283.99 (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (3909.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Showcase Inc. to open at JP¥298.33, and during the day (based on 14 day Average True Range), to move between JP¥286.66 and JP¥313.34, which gives a possible trading interval of +/-JP¥13.34 (+/-4.45%) up or down from last closing price. If Showcase Inc. takes out the full calculated possible swing range there will be an estimated 8.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥297.00 (1.00%) than the resistance at JP¥319.00 (6.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Showcase Inc. stock A Buy?
Showcase Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.252 Hold/Accumulate Upgraded
Predicted Opening Price for Showcase Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥298.33 ( 0.556%) | JP¥300.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3909.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 311.33 | 3.78 % | |
| R2 | 306.37 | 2.12 % | ||
| R1 | 303.30 | 1.10 % | ||
| Current price: | 300.00 | |||
| Support | S1 | 293.37 | -2.21 % | |
| S2 | 290.30 | -3.23 % | ||
| S3 | 285.33 | -4.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 341.00 | 13.67 % | |
| R2 | 331.00 | 10.33 % | ||
| R1 | 319.00 | 6.33 % | ||
| Current price | 300.00 | |||
| Support | S1 | 297.00 | -1.00% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
3909 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥6.50 | 1.34% |
| 2 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥6.00 | 0.582% |
| 3 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥5.50 | 0.765% |
| 4 | Dec 26, 2018 | Dec 26, 2018 | Dec 26, 2018 | JP¥6.60 | 1.08% |
| 5 | Dec 27, 2017 | Dec 27, 2017 | Dec 27, 2017 | JP¥5.50 | 0.351% |
FAQ
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