Signpost Corporation 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 Signpost Corporation as stock downgraded to Sell Candidate.
(Updated on May 07, 2024)
The Signpost Corporation stock price fell by -2.98% on the last day (Tuesday, 7th May 2024) from JP¥705.00 to JP¥684.00. During the last trading day the stock fluctuated 6.30% from a day low at JP¥682.00 to a day high of JP¥725.00. The price has risen in 6 of the last 10 days but is still down by -3.93% 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 -104 thousand shares and in total, 236 thousand shares were bought and sold for approximately JP¥161.29 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥659.94 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 32.30% during the next 3 months and, with a 90% probability hold a price between JP¥873.12 and JP¥1,169.88 at the end of this 3-month period.
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3996.T Signals & Forecast
There are mixed signals in the stock today. The Signpost Corporation 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¥696.14. On a fall, the stock will find some support from the short-term average at JP¥674.29. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -18.08%. 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 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 Signpost Corporation stock
Signpost Corporation finds support from accumulated volume at JP¥668.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥43.00 between high and low, or 6.30%. For the last week, the stock has had daily average volatility of 4.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3996.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Signpost Corporation to open at JP¥697.00, and during the day (based on 14 day Average True Range), to move between JP¥640.01 and JP¥727.99, which gives a possible trading interval of +/-JP¥43.99 (+/-6.43%) up or down from last closing price. If Signpost Corporation takes out the full calculated possible swing range there will be an estimated 12.86% 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¥668.00 (2.34%) than the resistance at JP¥725.00 (5.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Signpost Corporation stock A Buy?
Signpost Corporation 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. 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: -4.856 Sell Candidate Downgraded
Predicted Opening Price for Signpost Corporation of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥697.00 ( 1.90%) | JP¥684.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3996.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 740.00 | 8.19 % | |
| R2 | 723.57 | 5.79 % | ||
| R1 | 713.43 | 4.30 % | ||
| Current price: | 684.00 | |||
| Support | S1 | 680.57 | -0.501 % | |
| S2 | 670.43 | -1.98 % | ||
| S3 | 654.00 | -4.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 835.00 | 22.08 % | |
| R2 | 797.00 | 16.52 % | ||
| R1 | 725.00 | 5.99 % | ||
| Current price | 684.00 | |||
| Support | S1 | 668.00 | -2.34% | |
| S2 | 630.00 | -7.89% | ||
| S3 | 581.00 | -15.06% |
3996 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 25, 2021 | Feb 25, 2021 | Feb 25, 2021 | JP¥2.50 | 0.251% |
| 2 | Feb 27, 2020 | Feb 27, 2020 | Feb 27, 2020 | JP¥2.50 | 0.147% |
| 3 | Feb 26, 2019 | Feb 26, 2019 | Feb 26, 2019 | JP¥2.50 | 0.0668% |
| 4 | Feb 26, 2018 | Feb 26, 2018 | Feb 26, 2018 | JP¥10.00 | 0.230% |
FAQ
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