Bando Chemical Industries,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
Bando Chemical Industries,Ltd. stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Bando Chemical Industries,Ltd. stock price fell by -0.497% on the last day (Friday, 28th Jun 2024) from JP¥2,012.00 to JP¥2,002.00. During the last trading day the stock fluctuated 2.37% from a day low at JP¥1,980.00 to a day high of JP¥2,027.00. The price has been going up and down for this period, and there has been a 7.4% gain for the last 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 -17 thousand shares and in total, 82 thousand shares were bought and sold for approximately JP¥163.16 million.
The stock lies in the upper part of a wide and weak rising 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¥2,034.92 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.36% during the next 3 months and, with a 90% probability hold a price between JP¥1,889.71 and JP¥2,164.30 at the end of this 3-month period.
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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¥1,982.29 and JP¥1,853.71. 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 Wednesday, June 26, 2024, and so far it has fallen -1.43%. 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¥1,963.00 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¥47.00 between high and low, or 2.37%. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: JP¥1,919.69 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (5195.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bando Chemical Industries,Ltd. to open at JP¥2,003.00, and during the day (based on 14 day Average True Range), to move between JP¥1,955.50 and JP¥2,048.50, which gives a possible trading interval of +/-JP¥46.50 (+/-2.32%) 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 4.65% 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¥2,012.00 (0.50%) than the support at JP¥1,963.00 (1.95%), 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, 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 Bando Chemical Industries,Ltd. 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: 2.469 Buy Candidate Upgraded
Predicted Opening Price for Bando Chemical Industries,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥2,003.00 ( 0.0500%) | JP¥2,002.00 |
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 | 2,050.00 | 2.40% |
| R2 | 2,032.05 | 1.50% |
| R1 | 2,020.95 | 0.95% |
| Price | 2,002.00 | |
| S1 | 1,985.05 | -0.85% |
| S2 | 1,973.95 | -1.40% |
| S3 | 1,956.00 | -2.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 2,031.00 | 1.45% |
| R1 | 2,012.00 | 0.500% |
| Price | 2,002.00 | |
| S1 | 1,963.00 | -1.95% |
| S2 | 1,764.00 | -11.89% |
| S3 | 1,759.00 | -12.14% |
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 | 1.87% |
| 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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