en-japan 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
Green day on Thursday for en-japan inc.
(Updated on May 02, 2024)
The en-japan inc. stock price gained 0.582% on the last trading day (Thursday, 2nd May 2024), rising from JP¥2,577.00 to JP¥2,592.00. During the last trading day the stock fluctuated 3.14% from a day low at JP¥2,544.00 to a day high of JP¥2,624.00. The price has been going up and down for this period, and there has been a -2.67% 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, 66 thousand more shares were traded than the day before. In total, 194 thousand shares were bought and sold for approximately JP¥502.85 million.
The stock lies in the middle of a 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 -2.77% during the next 3 months and, with a 90% probability hold a price between JP¥2,394.81 and JP¥2,711.01 at the end of this 3-month period.
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4849.T Signals & Forecast
There are mixed signals in the stock today. The en-japan 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¥2,658.57 and JP¥2,677.00. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 0.582%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for en-japan inc. stock
en-japan inc. finds support from accumulated volume at JP¥2,575.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥80.00 (3.14%) between high and low. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4849.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect en-japan inc. to open at JP¥2,586.67, and during the day (based on 14 day Average True Range), to move between JP¥2,509.16 and JP¥2,674.84, which gives a possible trading interval of +/-JP¥82.84 (+/-3.20%) up or down from last closing price. If en-japan inc. takes out the full calculated possible swing range there will be an estimated 6.39% 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¥2,575.00 (0.66%) than the resistance at JP¥2,646.00 (2.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
en-japan inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $26.40. We will update the financials statements for en-japan inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.32% in the first trading day after earnings release.
Is en-japan inc. stock A Buy?
en-japan inc. 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: -1.052 Sell Candidate Unchanged
Predicted Opening Price for en-japan inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,586.67 ( 0.206%) | JP¥2,592.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4849.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,666.67 | 2.88 % | |
| R2 | 2,636.11 | 1.70 % | ||
| R1 | 2,617.23 | 0.97 % | ||
| Current price: | 2,592.00 | |||
| Support | S1 | 2,556.11 | -1.38 % | |
| S2 | 2,537.23 | -2.11 % | ||
| S3 | 2,506.67 | -3.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,817.00 | 8.68 % | |
| R2 | 2,695.00 | 3.97 % | ||
| R1 | 2,646.00 | 2.08 % | ||
| Current price | 2,592.00 | |||
| Support | S1 | 2,575.00 | -0.656% | |
| S2 | 2,529.00 | -2.43% | ||
| S3 | 2,521.00 | -2.74% |
4849 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥70.10 | 3.03% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥70.10 | 2.42% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥37.10 | 1.09% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥74.80 | 3.56% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥62.80 | 1.99% |
FAQ
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