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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 6070.T
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

CAREERLINK CO.,LTD. stock price took a fall of -8.14% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The CAREERLINK CO.,LTD. stock price fell by -8.14% on the last day (Thursday, 28th Mar 2024) from JP¥2,667.00 to JP¥2,450.00. During the last trading day the stock fluctuated 2.88% from a day low at JP¥2,430.00 to a day high of JP¥2,500.00. The price has been going up and down for this period, and there has been a -8.96% loss for the last 2 weeks. Volume has increased on the last day by 108 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 306 thousand shares were bought and sold for approximately JP¥748.48 million.

Given the current short-term trend, the stock is expected to rise 10.48% during the next 3 months and, with a 90% probability hold a price between JP¥2,706.67 and JP¥3,176.06 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

6070.T Signals & Forecast

There are few to no technical positive signals at the moment. The CAREERLINK CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,657.86 and JP¥2,657.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -12.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for CAREERLINK CO.,LTD. stock

CAREERLINK CO.,LTD. finds support from accumulated volume at JP¥2,435.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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¥70.00 between high and low, or 2.88%. For the last week the stock has had daily average volatility of 1.80%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (6070.T) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect CAREERLINK CO.,LTD. to open at JP¥2,460.00, and during the day (based on 14 day Average True Range), to move between JP¥2,385.91 and JP¥2,514.09, which gives a possible trading interval of +/-JP¥64.09 (+/-2.62%) up or down from last closing price. If CAREERLINK 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 support from accumulated volume at JP¥2,435.00 (0.61%) than the resistance at JP¥2,587.00 (5.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CAREERLINK CO.,LTD. stock A Buy?

The CAREERLINK CO.,LTD. stock holds several negative signals and despite the positive trend, we believe CAREERLINK CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.797 Sell Candidate Downgraded

Predicted Opening Price for CAREERLINK CO.,LTD. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
JP¥2,460.00 ( 0.408%) JP¥2,450.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 6070.T

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2,530.00 3.27 %
R2 2,503.26 2.17 %
R1 2,486.74 1.50 %
Current price: 2,450.00
Support S1 2,433.26 -0.683 %
S2 2,416.74 -1.36 %
S3 2,390.00 -2.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2,667.00 8.86 %
R2 2,602.00 6.20 %
R1 2,587.00 5.59 %
Current price 2,450.00
Support S1 2,435.00 -0.612%
S2 2,416.00 -1.39%
S3 2,408.00 -1.71%

6070 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 JP¥110.00 4.50%
2 Mar 30, 2022 Mar 30, 2022 Mar 30, 2022 JP¥40.00 2.79%
3 Feb 25, 2022 Feb 25, 2022 Feb 25, 2022 JP¥20.00 1.41%
4 Feb 25, 2021 Feb 25, 2021 Feb 25, 2021 JP¥10.00 0.382%
5 Feb 27, 2020 Feb 27, 2020 Feb 27, 2020 JP¥10.00 2.13%

FAQ

What is the symbol for CAREERLINK CO.,LTD. Stock and on which exchange is it traded?
The symbol for CAREERLINK CO.,LTD. is 6070.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell CAREERLINK CO.,LTD. Stock?
The CAREERLINK CO.,LTD. stock holds several negative signals and despite the positive trend, we believe CAREERLINK CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy CAREERLINK CO.,LTD. Stock?
CAREERLINK CO.,LTD. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CAREERLINK CO.,LTD. Stock.

What's the current price of CAREERLINK CO.,LTD. Stock?
As of the end of day on the 2024-03-28, the price of an CAREERLINK CO.,LTD. (6070.T) share was JP¥2,450.00.

What is the 52-week high and low for CAREERLINK CO.,LTD. Stock?
The 52-week high for CAREERLINK CO.,LTD. Stock is JP¥3,150.00 and the 52-week low is JP¥1,938.00.

What is the market capitalization of CAREERLINK CO.,LTD. Stock?
As of the 2024-03-28, the market capitalization of CAREERLINK CO.,LTD. is 29.075B.

When is the next earnings date for CAREERLINK CO.,LTD.?
The upcoming earnings date for CAREERLINK CO.,LTD. is May 10, 2024.
Click to get the best stock tips daily for free!

About CAREERLINK CO.,LTD.

Careerlink Co., Ltd. provides human resource services in Japan. It offers human resource services for business process outsourcing, customer relationship management, and sales support related businesses; and general office works. The company also provides temporary staffing, recruitment, and contracting human resource services for food processing and manufacturing/processing businesses, and cleaning of buildings and hotels, etc. The company was f... 6070.T Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT