NOZAWA CORPORATION 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
Red day on Thursday for NOZAWA CORPORATION
(Updated on Jun 20, 2024)
No changes to the price of NOZAWA CORPORATION stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0.90% from a day low at JP¥890.00 to a day high of JP¥898.00. The price has fallen in 5 of the last 10 days and is down by -2.2% for this period.
The stock lies in the middle of a 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 -4.87% during the next 3 months and, with a 90% probability hold a price between JP¥821.14 and JP¥887.22 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
5237.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The NOZAWA CORPORATION 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¥903.43 and JP¥912.83. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for NOZAWA CORPORATION stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥8.00 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (5237.T) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect NOZAWA CORPORATION to open at JP¥892.67, and during the day (based on 14 day Average True Range), to move between JP¥873.46 and JP¥906.54, which gives a possible trading interval of +/-JP¥16.54 (+/-1.86%) up or down from last closing price. If NOZAWA CORPORATION takes out the full calculated possible swing range there will be an estimated 3.72% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥902.00, some JP¥12.00 (1.35%) from the current price of JP¥890.00, our system finds the risk reward not very attractive.
Is NOZAWA CORPORATION stock A Buy?
NOZAWA CORPORATION holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.583 Sell Candidate Unchanged
Predicted Opening Price for NOZAWA CORPORATION of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| JP¥892.67 ( 0.300%) | JP¥890.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5237.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 900.67 | 1.20% |
| R2 | 897.61 | 0.86% |
| R1 | 895.72 | 0.643% |
| Price | 890.00 | |
| S1 | 889.61 | -0.0437% |
| S2 | 887.72 | -0.256% |
| S3 | 884.67 | -0.599% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 955.00 | 7.30% |
| R2 | 910.00 | 2.25% |
| R1 | 902.00 | 1.35% |
| Price | 890.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
5237 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 28, 2024 | JP¥35.00 | 3.93% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 5.11% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥40.00 | 5.62% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥20.00 | 2.73% |
FAQ
Click here for our free guide on how to buy NOZAWA CORPORATION Stock.
