DIC 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
DIC Corporation stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Jun 20, 2024)
The DIC Corporation stock price fell by -1.70% on the last day (Thursday, 20th Jun 2024) from JP¥3,172.00 to JP¥3,118.00. During the last trading day the stock fluctuated 2.19% from a day low at JP¥3,110.00 to a day high of JP¥3,178.00. The price has fallen in 5 of the last 10 days and is down by -2.68% for this period. Volume has increased on the last day by 82 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 237 thousand shares were bought and sold for approximately JP¥738.34 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥3,105.19 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 12.70% during the next 3 months and, with a 90% probability hold a price between JP¥3,499.45 and JP¥3,799.75 at the end of this 3-month period.
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4631.T Signals & Forecast
There are few to no technical positive signals at the moment. The DIC Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥3,172.86 and JP¥3,144.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -5.29%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, May 08, 2024 in the short-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
The stock had a Golden Star Signal on Wednesday, May 08, 2024 in the short-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 DIC Corporation stock
DIC Corporation finds support from accumulated volume at JP¥2,985.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥68.00 between high and low, or 2.19%. For the last week the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4631.T) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect DIC Corporation to open at JP¥3,135.33, and during the day (based on 14 day Average True Range), to move between JP¥3,063.02 and JP¥3,172.98, which gives a possible trading interval of +/-JP¥54.98 (+/-1.76%) up or down from last closing price. If DIC Corporation takes out the full calculated possible swing range there will be an estimated 3.53% 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¥3,142.00 (0.77%) than the support at JP¥2,985.00 (4.27%), 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 DIC Corporation stock A Buy?
The DIC Corporation stock holds several negative signals and despite the positive trend, we believe DIC Corporation will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -4.491 Sell Candidate Downgraded
Predicted Opening Price for DIC Corporation of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| JP¥3,135.33 ( 0.556%) | JP¥3,118.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4631.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,203.33 | 2.74% |
| R2 | 3,177.36 | 1.90% |
| R1 | 3,161.31 | 1.39% |
| Price | 3,118.00 | |
| S1 | 3,109.36 | -0.277% |
| S2 | 3,093.31 | -0.792% |
| S3 | 3,067.33 | -1.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,292.00 | 5.58% |
| R2 | 3,220.00 | 3.27% |
| R1 | 3,142.00 | 0.770% |
| Price | 3,118.00 | |
| S1 | 2,985.00 | -4.27% |
| S2 | 2,975.50 | -4.57% |
| S3 | 2,971.00 | -4.71% |
4631 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥50.00 | 1.60% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 29, 2024 | JP¥30.00 | 1.04% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥50.00 | 1.92% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥50.00 | 2.15% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥50.00 | 2.10% |
FAQ
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