SWCC SHOWA HOLDINGS 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
A very strong day for SWCC SHOWA HOLDINGS CO.,LTD. stock price on Tuesday
(Updated on Apr 30, 2024)
The SWCC SHOWA HOLDINGS CO.,LTD. stock price gained 5.56% on the last trading day (Tuesday, 30th Apr 2024), rising from JP¥3,955.00 to JP¥4,175.00. During the last trading day the stock fluctuated 5.48% from a day low at JP¥4,015.00 to a day high of JP¥4,235.00. The price has risen in 6 of the last 10 days and is up by 1.09% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 141 thousand more shares were traded than the day before. In total, 375 thousand shares were bought and sold for approximately JP¥1.57 billion.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.55% during the next 3 months and, with a 90% probability hold a price between JP¥4,926.14 and JP¥5,548.07 at the end of this 3-month period.
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5805.T Signals & Forecast
Mostly positive signals in the chart today. The SWCC SHOWA HOLDINGS CO.,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¥3,956.43 and JP¥3,824.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 9.87%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SWCC SHOWA HOLDINGS CO.,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥3,750.00 and JP¥3,605.00. 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, SWCC SHOWA HOLDINGS CO.,LTD. finds support just below today's level at JP¥3,750.00. If this is broken, then the next support from accumulated volume will be at JP¥3,605.00 and JP¥3,365.00.
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¥220.00 between high and low, or 5.48%. For the last week, the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: JP¥4,020.53 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (5805.T) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect SWCC SHOWA HOLDINGS CO.,LTD. to open at JP¥4,141.67, and during the day (based on 14 day Average True Range), to move between JP¥4,006.18 and JP¥4,343.82, which gives a possible trading interval of +/-JP¥168.82 (+/-4.04%) up or down from last closing price. If SWCC SHOWA HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 8.09% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,750.00, some JP¥425.00 (10.18%) from the current price of JP¥4,175.00, our system finds the risk reward attractive.
Is SWCC SHOWA HOLDINGS CO.,LTD. stock A Buy?
SWCC SHOWA HOLDINGS CO.,LTD. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.665 Strong Buy Candidate Upgraded
Predicted Opening Price for SWCC SHOWA HOLDINGS CO.,LTD. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| JP¥4,141.67 ( 0.798%) | JP¥4,175.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5805.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,361.67 | 4.47 % | |
| R2 | 4,277.63 | 2.46 % | ||
| R1 | 4,225.71 | 1.21 % | ||
| Current price: | 4,175.00 | |||
| Support | S1 | 4,057.63 | -2.81 % | |
| S2 | 4,005.71 | -4.05 % | ||
| S3 | 3,921.67 | -6.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4,175.00 | |||
| Support | S1 | 3,750.00 | -10.18% | |
| S2 | 3,605.00 | -13.65% | ||
| S3 | 3,365.00 | -19.40% |
5805 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥60.00 | 3.22% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥50.00 | 2.67% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥15.00 | 0.91% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥15.00 | 1.45% |
FAQ
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