KOBAYASHI 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
Green day on Friday for KOBAYASHI PHARMACEUTICAL CO.,LTD. stock after gaining 1.67%
(Updated on May 10, 2024)
The KOBAYASHI PHARMACEUTICAL CO.,LTD. stock price gained 1.67% on the last trading day (Friday, 10th May 2024), rising from JP¥5,402.00 to JP¥5,492.00. During the last trading day the stock fluctuated 1.93% from a day low at JP¥5,393.00 to a day high of JP¥5,497.00. The price has fallen in 7 of the last 10 days and is down by -3.28% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 thousand more shares were traded than the day before. In total, 881 thousand shares were bought and sold for approximately JP¥4.84 billion.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥5,543.07 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.70% during the next 3 months and, with a 90% probability hold a price between JP¥3,903.94 and JP¥4,839.14 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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4967.T Signals & Forecast
The KOBAYASHI PHARMACEUTICAL CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥5,420.57 and JP¥5,457.14. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -3.58%. 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).
Support, Risk & Stop-loss for KOBAYASHI PHARMACEUTICAL CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥5,069.00 and JP¥4,905.00. 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, KOBAYASHI PHARMACEUTICAL CO.,LTD. finds support just below today's level at JP¥5,069.00. If this is broken, then the next support from accumulated volume will be at JP¥4,905.00 and JP¥4,875.00.
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¥104.00 (1.93%) between high and low. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (4967.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect KOBAYASHI PHARMACEUTICAL CO.,LTD. to open at JP¥5,460.67, and during the day (based on 14 day Average True Range), to move between JP¥5,350.56 and JP¥5,633.44, which gives a possible trading interval of +/-JP¥141.44 (+/-2.58%) up or down from last closing price. If KOBAYASHI PHARMACEUTICAL CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.15% 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¥5,555.00 (1.15%) than the support at JP¥5,069.00 (7.70%), 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 KOBAYASHI PHARMACEUTICAL CO.,LTD. stock A Buy?
KOBAYASHI PHARMACEUTICAL CO.,LTD. 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: -1.612 Sell Candidate Unchanged
Predicted Opening Price for KOBAYASHI PHARMACEUTICAL CO.,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥5,460.67 ( 0.571%) | JP¥5,492.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 4967.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,564.67 | 1.32 % | |
| R2 | 5,524.94 | 0.600 % | ||
| R1 | 5,500.39 | 0.153 % | ||
| Current price: | 5,492.00 | |||
| Support | S1 | 5,420.94 | -1.29 % | |
| S2 | 5,396.39 | -1.74 % | ||
| S3 | 5,356.67 | -2.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,692.00 | 3.64 % | |
| R2 | 5,584.00 | 1.68 % | ||
| R1 | 5,555.00 | 1.15 % | ||
| Current price | 5,492.00 | |||
| Support | S1 | 5,069.00 | -7.70% | |
| S2 | 4,905.00 | -10.69% | ||
| S3 | 4,875.00 | -11.23% |
4967 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Jun 27, 2024 | JP¥0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥39.00 | 0.496% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥52.00 | 0.575% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥38.00 | 0.454% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥46.00 | 0.502% |
FAQ
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