OncoTherapy Science,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
High volatility in OncoTherapy Science,Inc. stock price on Wednesday which ended trading at JP¥18.00
(Updated on May 01, 2024)
The OncoTherapy Science,Inc. stock price gained 5.88% on the last trading day (Wednesday, 1st May 2024), rising from JP¥17.00 to JP¥18.00. During the last trading day the stock fluctuated 12.50% from a day low at JP¥16.00 to a day high of JP¥18.00. The price has been going up and down for this period, and there has been a -10% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately JP¥83.26 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.59% during the next 3 months and, with a 90% probability hold a price between JP¥15.88 and JP¥21.00 at the end of this 3-month period.
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4564.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 5.88%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The OncoTherapy Science,Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥18.14 and JP¥19.89. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for OncoTherapy Science,Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥17.00. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at JP¥ may give a huge drop in the stock price.
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¥2.00 between high and low, or 12.50%. For the last week, the stock has had daily average volatility of 8.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4564.T) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect OncoTherapy Science,Inc. to open at JP¥17.33, and during the day (based on 14 day Average True Range), to move between JP¥16.55 and JP¥19.45, which gives a possible trading interval of +/-JP¥1.45 (+/-8.07%) up or down from last closing price. If OncoTherapy Science,Inc. takes out the full calculated possible swing range there will be an estimated 16.13% 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¥19.00 (5.56%) than the support at JP¥17.00 (5.56%), 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 OncoTherapy Science,Inc. stock A Buy?
OncoTherapy Science,Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.485 Sell Candidate Unchanged
Predicted Opening Price for OncoTherapy Science,Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| JP¥17.33 ( 3.70%) | JP¥18.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4564.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.33 | 7.41 % | |
| R2 | 18.57 | 3.16 % | ||
| R1 | 18.10 | 0.541 % | ||
| Current price: | 18.00 | |||
| Support | S1 | 16.57 | -7.95 % | |
| S2 | 16.10 | -10.57 % | ||
| S3 | 15.33 | -14.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.00 | 16.67 % | |
| R2 | 20.00 | 11.11 % | ||
| R1 | 19.00 | 5.56 % | ||
| Current price | 18.00 | |||
| Support | S1 | 17.00 | -5.56% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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