BP Castrol K.K. 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
Stronger technical forecast for BP Castrol K.K. stock price after Friday trading.
(Updated on May 31, 2024)
The BP Castrol K.K. stock price gained 0.82% on the last trading day (Friday, 31st May 2024), rising from JP¥975.00 to JP¥983.00. During the last trading day the stock fluctuated 1.24% from a day low at JP¥971.00 to a day high of JP¥983.00. The price has been going up and down for this period, and there has been a 0.51% gain for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 6 thousand shares were bought and sold for approximately JP¥6.29 million. 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 lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥976.17 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 3.06% during the next 3 months and, with a 90% probability hold a price between JP¥1,006.09 and JP¥1,097.59 at the end of this 3-month period.
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5015.T Signals & Forecast
There are mixed signals in the stock today. The BP Castrol K.K. 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¥993.43. On a fall, the stock will find some support from the short-term average at JP¥979.14. 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). A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 1.03%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for BP Castrol K.K. stock
BP Castrol K.K. finds support from accumulated volume at JP¥982.00 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¥12.00 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: JP¥930.19 (-5.37%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (5015.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect BP Castrol K.K. to open at JP¥979.00, and during the day (based on 14 day Average True Range), to move between JP¥969.30 and JP¥996.70, which gives a possible trading interval of +/-JP¥13.70 (+/-1.39%) up or down from last closing price. If BP Castrol K.K. takes out the full calculated possible swing range there will be an estimated 2.79% 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¥982.00 (0.10%) than the resistance at JP¥985.00 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BP Castrol K.K. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BP Castrol K.K. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.208 Buy Candidate Upgraded
Predicted Opening Price for BP Castrol K.K. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥979.00 ( 0.407%) | JP¥983.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5015.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 991.00 | 0.81 % | |
| R2 | 986.42 | 0.348 % | ||
| R1 | 983.58 | 0.0594 % | ||
| Current price: | 983.00 | |||
| Support | S1 | 974.42 | -0.87 % | |
| S2 | 971.58 | -1.16 % | ||
| S3 | 967.00 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,004.00 | 2.14 % | |
| R2 | 991.00 | 0.81 % | ||
| R1 | 985.00 | 0.203 % | ||
| Current price | 983.00 | |||
| Support | S1 | 982.00 | -0.102% | |
| S2 | 975.00 | -0.81% | ||
| S3 | 937.00 | -4.68% |
5015 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¥16.00 | 1.82% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥23.00 | 2.60% |
| 4 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | JP¥23.00 | 2.02% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥39.00 | 2.82% |
FAQ
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