Bank of Innovation,Inc. Stock Forecast
Bank of Innovation,Inc. stock price up 0.614% on Tuesday
(Updated on Jun 25, 2024)
The Bank of Innovation,Inc. stock price gained 0.614% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥4,885.00 to JP¥4,915.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.70% from a day low at JP¥4,820.00 to a day high of JP¥4,950.00. The price has risen in 7 of the last 10 days and is up by 6.5% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 31 thousand shares were bought and sold for approximately JP¥152.37 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 upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥4,964.28 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 16.21% during the next 3 months and, with a 90% probability hold a price between JP¥4,958.32 and JP¥5,769.20 at the end of this 3-month period.
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4393.T Signals & Forecast
Mostly positive signals in the chart today. The Bank of Innovation,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¥4,802.86 and JP¥4,495.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 14.84%. 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.
Support, Risk & Stop-loss for Bank of Innovation,Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥4,470.00 and JP¥4,450.00. 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, Bank of Innovation,Inc. finds support just below today's level at JP¥4,470.00. If this is broken, then the next support from accumulated volume will be at JP¥4,450.00 and JP¥4,440.00.
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¥130.00 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 4.10%.
Our recommended stop-loss: JP¥4,732.34 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (4393.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Bank of Innovation,Inc. to open at JP¥4,895.00, and during the day (based on 14 day Average True Range), to move between JP¥4,731.41 and JP¥5,098.59, which gives a possible trading interval of +/-JP¥183.59 (+/-3.74%) up or down from last closing price. If Bank of Innovation,Inc. takes out the full calculated possible swing range there will be an estimated 7.47% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥4,470.00, some JP¥445.00 (9.05%) from the current price of JP¥4,915.00, our system finds the risk reward attractive.
Is Bank of Innovation,Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bank of Innovation,Inc. stock to perform well in the short-term.
Current score: 3.277 Buy Candidate Unchanged
Predicted Opening Price for Bank of Innovation,Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥4,895.00 ( 0.407%) | JP¥4,915.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4393.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,025.00 | 2.24% |
| R2 | 4,975.34 | 1.23% |
| R1 | 4,944.66 | 0.603% |
| Price | 4,915.00 | |
| S1 | 4,845.34 | -1.42% |
| S2 | 4,814.66 | -2.04% |
| S3 | 4,765.00 | -3.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 4,915.00 | |
| S1 | 4,470.00 | -9.05% |
| S2 | 4,450.00 | -9.46% |
| S3 | 4,440.00 | -9.66% |
FAQ
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