Bando Chemical Industries,Ltd. Stock Forecast
Evaluation of Bando Chemical Industries,Ltd. stock downgraded after the last trading session.
(Updated on Jun 24, 2024)
The Bando Chemical Industries,Ltd. stock price fell by -0.92% on the last day (Monday, 24th Jun 2024) from JP¥1,963.00 to JP¥1,945.00. During the last trading day the stock fluctuated 1.76% from a day low at JP¥1,931.00 to a day high of JP¥1,965.00. The price has fallen in 6 of the last 10 days but is still up by 3.29% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -392 thousand shares and in total, 91 thousand shares were bought and sold for approximately JP¥177.58 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥1,963.47 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Bando Chemical Industries,Ltd. stock with a 90% probability to be traded between JP¥1,751.36 and JP¥1,992.85 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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5195.T Signals & Forecast
The Bando Chemical Industries,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,906.29 and JP¥1,825.97. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, June 21, 2024, and so far it has fallen -0.92%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, November 27, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Monday, November 27, 2023 in the long-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 Bando Chemical Industries,Ltd. stock
Bando Chemical Industries,Ltd. finds support from accumulated volume at JP¥1,864.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥34.00 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: JP¥1,869.05 (-3.91%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (5195.T) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Bando Chemical Industries,Ltd. to open at JP¥1,947.00, and during the day (based on 14 day Average True Range), to move between JP¥1,898.63 and JP¥1,991.37, which gives a possible trading interval of +/-JP¥46.37 (+/-2.38%) up or down from last closing price. If Bando Chemical Industries,Ltd. takes out the full calculated possible swing range there will be an estimated 4.77% 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¥1,963.00 (0.93%) than the support at JP¥1,864.00 (4.16%), 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 Bando Chemical Industries,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Bando Chemical Industries,Ltd. stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.091 Buy Candidate Downgraded
Predicted Opening Price for Bando Chemical Industries,Ltd. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| JP¥1,947.00 ( 0.103%) | JP¥1,945.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5195.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,981.00 | 1.85% |
| R2 | 1,968.01 | 1.18% |
| R1 | 1,959.99 | 0.771% |
| Price | 1,945.00 | |
| S1 | 1,934.01 | -0.565% |
| S2 | 1,925.99 | -0.98% |
| S3 | 1,913.00 | -1.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 1,963.00 | 0.93% |
| Price | 1,945.00 | |
| S1 | 1,864.00 | -4.16% |
| S2 | 1,764.00 | -9.31% |
| S3 | 1,759.00 | -9.56% |
5195 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 26, 2024 | JP¥38.00 | 1.96% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥34.00 | 2.16% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 2.84% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥22.00 | 2.16% |
FAQ
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