Bunka Shutter Co.,Ltd. Stock Forecast
Stronger technical forecast for Bunka Shutter Co.,Ltd. stock price after Friday trading.
(Updated on May 17, 2024)
The Bunka Shutter Co.,Ltd. stock price gained 0.651% on the last trading day (Friday, 17th May 2024), rising from JP¥1,689.00 to JP¥1,700.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.10% from a day low at JP¥1,665.00 to a day high of JP¥1,700.00. The price has risen in 7 of the last 10 days and is up by 1.07% over the past 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 116 thousand shares were bought and sold for approximately JP¥197.54 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 middle of a wide and weak 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 7.34% during the next 3 months and, with a 90% probability hold a price between JP¥1,766.27 and JP¥1,957.89 at the end of this 3-month period.
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5930.T Signals & Forecast
The Bunka Shutter Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥1,710.43. On a fall, the stock will find some support from the long-term average at approximately JP¥1,696.00. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. 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 Monday, May 13, 2024, and so far it has fallen -4.12%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Bunka Shutter Co.,Ltd. stock
Bunka Shutter Co.,Ltd. finds support from accumulated volume at JP¥1,655.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥35.00 (2.10%) between high and low. For the last week, the stock has had daily average volatility of 3.44%.
Our recommended stop-loss: JP¥1,621.50 (-4.62%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (5930.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Bunka Shutter Co.,Ltd. to open at JP¥1,688.33, and during the day (based on 14 day Average True Range), to move between JP¥1,655.52 and JP¥1,744.48, which gives a possible trading interval of +/-JP¥44.48 (+/-2.62%) up or down from last closing price. If Bunka Shutter Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.23% 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¥1,704.00 (0.24%) than the support at JP¥1,655.00 (2.65%), 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 Bunka Shutter Co.,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 Bunka Shutter Co.,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.535 Buy Candidate Upgraded
Predicted Opening Price for Bunka Shutter Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥1,688.33 ( 0.686%) | JP¥1,700.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5930.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,723.33 | 1.37 % | |
| R2 | 1,709.96 | 0.586 % | ||
| R1 | 1,701.70 | 0.100 % | ||
| Current price: | 1,700.00 | |||
| Support | S1 | 1,674.96 | -1.47 % | |
| S2 | 1,666.70 | -1.96 % | ||
| S3 | 1,653.33 | -2.75 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,742.00 | 2.47 % | |
| R2 | 1,736.00 | 2.12 % | ||
| R1 | 1,704.00 | 0.235 % | ||
| Current price | 1,700.00 | |||
| Support | S1 | 1,655.00 | -2.65% | |
| S2 | 1,640.00 | -3.53% | ||
| S3 | 1,572.00 | -7.53% |
5930 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥21.00 | 1.92% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥21.00 | 2.04% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥20.00 | 2.01% |
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