ORIGINAL ENGINEERING CONSULTANTS 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
ORIGINAL ENGINEERING CONSULTANTS stock price ended at JP¥1,139.00 on Tuesday, after gaining 0.441%.
(Updated on Jun 18, 2024)
The ORIGINAL ENGINEERING CONSULTANTS stock price gained 0.441% on the last trading day (Tuesday, 18th Jun 2024), rising from JP¥1,134.00 to JP¥1,139.00. During the last trading day the stock fluctuated 0% from a day low at JP¥1,139.00 to a day high of JP¥1,139.00. The price has fallen in 4 of the last 10 days and is down by -2.57% for this period. Volume fell on the last day by -600 shares and in total, 300 shares were bought and sold for approximately JP¥341.70 thousand. 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 is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥1,129.66 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect ORIGINAL ENGINEERING CONSULTANTS stock with a 90% probability to be traded between JP¥1,109.20 and JP¥1,173.20 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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4642.T Signals & Forecast
There are mixed signals in the stock today. The ORIGINAL ENGINEERING CONSULTANTS stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,153.63. On a fall, the stock will find some support from the short-term average at JP¥1,136.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 0.441%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for ORIGINAL ENGINEERING CONSULTANTS stock
ORIGINAL ENGINEERING CONSULTANTS finds support from accumulated volume at JP¥1,135.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved JP¥0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.211%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4642.T) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. to open at JP¥1,139.00, and during the day (based on 14 day Average True Range), to move between JP¥1,128.13 and JP¥1,149.87, which gives a possible trading interval of +/-JP¥10.87 (+/-0.95%) up or down from last closing price. If ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥1,135.00 (0.35%) than the resistance at JP¥1,150.00 (0.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. stock A Buy?
ORIGINAL ENGINEERING CONSULTANTS holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.201 Sell Candidate Unchanged
Predicted Opening Price for ORIGINAL ENGINEERING CONSULTANTS CO.,LTD. of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| JP¥1,139.00 ( 0%) | JP¥1,139.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4642.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,139.00 | - |
| R2 | 1,139.00 | - |
| R1 | 1,139.00 | - |
| Price | 1,139.00 | |
| S1 | 1,139.00 | - |
| S2 | 1,139.00 | - |
| S3 | 1,139.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,212.00 | 6.41% |
| R2 | 1,176.00 | 3.25% |
| R1 | 1,150.00 | 0.97% |
| Price | 1,139.00 | |
| S1 | 1,135.00 | -0.351% |
| S2 | 1,126.00 | -1.14% |
| S3 | 1,123.00 | -1.40% |
4642 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 27, 2024 | JP¥32.00 | 2.81% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥32.00 | 4.00% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥32.00 | 3.14% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥32.00 | 3.35% |
FAQ
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