WAKAMOTO PHARMACEUTICAL 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
WAKAMOTO PHARMACEUTICAL CO.,LTD. stock price down 0% on Thursday
(Updated on May 02, 2024)
No changes to the price of WAKAMOTO PHARMACEUTICAL CO.,LTD. stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 1.32% from a day low at JP¥228.00 to a day high of JP¥231.00. The price has fallen in 5 of the last 10 days.
The stock lies in the middle of a strong 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 17.06% during the next 3 months and, with a 90% probability hold a price between JP¥260.94 and JP¥285.89 at the end of this 3-month period.
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4512.T Signals & Forecast
A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -3.38%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. Some positive signals were issued as well, and these may have some influence on the near short-term development. The WAKAMOTO PHARMACEUTICAL CO.,LTD. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥229.71. On a fall, the stock will find some support from the long-term average at approximately JP¥227.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for WAKAMOTO PHARMACEUTICAL CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥215.00 and JP¥210.00. 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, WAKAMOTO PHARMACEUTICAL CO.,LTD. finds support just below today's level at JP¥215.00. If this is broken, then the next support from accumulated volume will be at JP¥210.00 and JP¥208.00.
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¥3.00 between high and low, or 1.32%. For the last week the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: JP¥218.28 (-4.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (4512.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect WAKAMOTO PHARMACEUTICAL CO.,LTD. to open at JP¥229.33, and during the day (based on 14 day Average True Range), to move between JP¥223.44 and JP¥234.56, which gives a possible trading interval of +/-JP¥5.56 (+/-2.43%) up or down from last closing price. If WAKAMOTO PHARMACEUTICAL CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.85% 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¥231.00 (0.87%) than the support at JP¥215.00 (6.11%), 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 WAKAMOTO PHARMACEUTICAL CO.,LTD. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.075 Buy Candidate Unchanged
Predicted Opening Price for WAKAMOTO PHARMACEUTICAL CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥229.33 ( 0.146%) | JP¥229.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4512.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 232.33 | 1.46 % | |
| R2 | 231.19 | 0.96 % | ||
| R1 | 230.48 | 0.646 % | ||
| Current price: | 229.00 | |||
| Support | S1 | 228.19 | -0.355 % | |
| S2 | 227.48 | -0.664 % | ||
| S3 | 226.33 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 234.00 | 2.18 % | |
| R2 | 233.00 | 1.75 % | ||
| R1 | 231.00 | 0.87 % | ||
| Current price | 229.00 | |||
| Support | S1 | 215.00 | -6.11% | |
| S2 | 210.00 | -8.30% | ||
| S3 | 208.00 | -9.17% |
4512 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.00 | 1.23% |
| 3 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥3.00 | 1.06% |
| 4 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥3.00 | 1.12% |
| 5 | Mar 29, 2016 | Mar 29, 2016 | Mar 29, 2016 | JP¥3.00 | 1.14% |
FAQ
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