Daiki Axis 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
Daiki Axis Co.,Ltd. stock upgraded to Strong Buy Candidate.
(Updated on May 17, 2024)
The Daiki Axis Co.,Ltd. stock price gained 2.48% on the last trading day (Friday, 17th May 2024), rising from JP¥726.00 to JP¥744.00. During the last trading day the stock fluctuated 2.20% from a day low at JP¥728.00 to a day high of JP¥744.00. The price has risen in 6 of the last 10 days and is up by 3.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately JP¥18.38 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.47% during the next 3 months and, with a 90% probability hold a price between JP¥743.66 and JP¥820.78 at the end of this 3-month period.
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4245.T Signals & Forecast
Mostly positive signals in the chart today. The Daiki Axis Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥724.71 and JP¥731.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 5.53%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, August 25, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, August 25, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Daiki Axis Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥705.00 and JP¥703.00. 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, Daiki Axis Co.,Ltd. finds support just below today's level at JP¥705.00. If this is broken, then the next support from accumulated volume will be at JP¥703.00 and JP¥696.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥16.00 between high and low, or 2.20%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: JP¥707.43 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (4245.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Daiki Axis Co.,Ltd. to open at JP¥738.67, and during the day (based on 14 day Average True Range), to move between JP¥732.57 and JP¥755.43, which gives a possible trading interval of +/-JP¥11.43 (+/-1.54%) up or down from last closing price. If Daiki Axis Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.07% 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¥746.00 (0.27%) than the support at JP¥705.00 (5.24%), 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 Daiki Axis Co.,Ltd. stock A Buy?
Daiki Axis Co.,Ltd. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 5.157 Strong Buy Candidate Upgraded
Predicted Opening Price for Daiki Axis Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥738.67 ( 0.717%) | JP¥744.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4245.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 754.67 | 1.43 % | |
| R2 | 748.55 | 0.612 % | ||
| R1 | 744.78 | 0.105 % | ||
| Current price: | 744.00 | |||
| Support | S1 | 732.55 | -1.54 % | |
| S2 | 728.78 | -2.05 % | ||
| S3 | 722.67 | -2.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 768.00 | 3.23 % | |
| R2 | 756.00 | 1.61 % | ||
| R1 | 746.00 | 0.269 % | ||
| Current price | 744.00 | |||
| Support | S1 | 705.00 | -5.24% | |
| S2 | 703.00 | -5.51% | ||
| S3 | 696.00 | -6.45% |
4245 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥3.00 | 0.416% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥12.00 | 1.78% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥12.00 | 1.59% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥12.00 | 1.44% |
FAQ
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