SKIYAKI 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
Red day on Thursday for SKIYAKI Inc. stock after losing 0%
(Updated on May 02, 2024)
No changes to the price of SKIYAKI Inc. stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 0% from a day low at JP¥360.00 to a day high of JP¥360.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥363.64 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SKIYAKI Inc. stock with a 90% probability to be traded between JP¥329.14 and JP¥364.41 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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3995.T Signals & Forecast
The SKIYAKI 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¥360.00 and JP¥356.00. 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 Wednesday, May 01, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, February 28, 2024 and based on theory for this formation the price should fall by -0.500% to JP¥358.20 within 5 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for SKIYAKI Inc. stock
SKIYAKI Inc. finds support from accumulated volume at JP¥352.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved JP¥0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: JP¥345.60 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (3995.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect SKIYAKI Inc. to open at JP¥360.00, and during the day (based on 14 day Average True Range), to move between JP¥358.29 and JP¥361.71, which gives a possible trading interval of +/-JP¥1.71 (+/-0.48%) up or down from last closing price. If SKIYAKI Inc. takes out the full calculated possible swing range there will be an estimated 0.95% 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¥363.00 (0.83%) than the support at JP¥352.00 (2.22%), 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 SKIYAKI Inc. stock A Buy?
SKIYAKI Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for SKIYAKI Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥360.00 ( 0%) | JP¥360.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3995.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 360.00 | . | |
| R2 | 360.00 | . | ||
| R1 | 360.00 | . | ||
| Current price: | 360.00 | |||
| Support | S1 | 360.00 | . | |
| S2 | 360.00 | . | ||
| S3 | 360.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 373.00 | 3.61 % | |
| R2 | 371.00 | 3.06 % | ||
| R1 | 363.00 | 0.83 % | ||
| Current price | 360.00 | |||
| Support | S1 | 352.00 | -2.22% | |
| S2 | 351.00 | -2.50% | ||
| S3 | 342.00 | -5.00% |
3995 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | JP¥0 | 0% |
| 2 | Jan 29, 2019 | Jan 29, 2019 | Jan 29, 2019 | JP¥3.00 | 0.472% |
| 3 | Jan 29, 2018 | Jan 29, 2018 | Jan 29, 2018 | JP¥3.00 | 0.226% |
FAQ
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