JIG-SAW 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
Weaker technical forecast for JIG-SAW INC. as stock downgraded to Sell Candidate.
(Updated on Jun 14, 2024)
The JIG-SAW INC. stock price fell by -3.07% on the last day (Friday, 14th Jun 2024) from JP¥4,075.00 to JP¥3,950.00. During the last trading day the stock fluctuated 2.66% from a day low at JP¥3,940.00 to a day high of JP¥4,045.00. The price has been going up and down for this period, and there has been a 0.89% gain for the last 2 weeks. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 27 thousand shares were bought and sold for approximately JP¥107.84 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 JIG-SAW INC. stock with a 90% probability to be traded between JP¥3,662.17 and JP¥4,181.07 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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3914.T Signals & Forecast
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. The JIG-SAW INC. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥4,007.14 and JP¥4,002.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -4.47%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for JIG-SAW INC. stock
JIG-SAW INC. finds support from accumulated volume at JP¥3,945.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥105.00 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3914.T) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect JIG-SAW INC. to open at JP¥3,978.33, and during the day (based on 14 day Average True Range), to move between JP¥3,824.45 and JP¥4,075.55, which gives a possible trading interval of +/-JP¥125.55 (+/-3.18%) up or down from last closing price. If JIG-SAW INC. takes out the full calculated possible swing range there will be an estimated 6.36% 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¥3,945.00 (0.13%) than the resistance at JP¥3,960.00 (0.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is JIG-SAW INC. stock A Buy?
JIG-SAW INC. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.239 Sell Candidate Downgraded
Predicted Opening Price for JIG-SAW INC. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| JP¥3,978.33 ( 0.717%) | JP¥3,950.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3914.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,083.33 | 3.38% |
| R2 | 4,043.22 | 2.36% |
| R1 | 4,018.44 | 1.73% |
| Price | 3,950.00 | |
| S1 | 3,938.22 | -0.298% |
| S2 | 3,913.44 | -0.93% |
| S3 | 3,873.33 | -1.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,330.00 | 9.62% |
| R2 | 4,180.00 | 5.82% |
| R1 | 3,960.00 | 0.253% |
| Price | 3,950.00 | |
| S1 | 3,945.00 | -0.127% |
| S2 | 3,875.00 | -1.90% |
| S3 | 3,870.00 | -2.03% |
FAQ
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