GIKEN 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
GIKEN LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 07, 2024)
The GIKEN LTD. stock price gained 1.75% on the last trading day (Tuesday, 7th May 2024), rising from JP¥1,938.00 to JP¥1,972.00. During the last trading day the stock fluctuated 2.07% from a day low at JP¥1,935.00 to a day high of JP¥1,975.00. The price has risen in 6 of the last 10 days and is up by 0.61% over the past 2 weeks. Volume fell on the last day by -600 shares and in total, 46 thousand shares were bought and sold for approximately JP¥89.73 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 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 -4.66% during the next 3 months and, with a 90% probability hold a price between JP¥1,792.83 and JP¥2,046.71 at the end of this 3-month period.
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6289.T Signals & Forecast
There are mixed signals in the stock today. The GIKEN LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥2,018.77. On a fall, the stock will find some support from the short-term average at JP¥1,938.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.95%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for GIKEN LTD. stock
GIKEN LTD. finds support from accumulated volume at JP¥1,913.00 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¥40.00 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: JP¥1,875.17 (-4.91%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (6289.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect GIKEN LTD. to open at JP¥1,960.67, and during the day (based on 14 day Average True Range), to move between JP¥1,920.99 and JP¥2,023.01, which gives a possible trading interval of +/-JP¥51.01 (+/-2.59%) up or down from last closing price. If GIKEN LTD. takes out the full calculated possible swing range there will be an estimated 5.17% 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¥2,018.00 (2.33%) than the support at JP¥1,913.00 (2.99%), 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 GIKEN LTD. stock A Buy?
GIKEN LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.663 Hold/Accumulate Upgraded
Predicted Opening Price for GIKEN LTD. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥1,960.67 ( 0.575%) | JP¥1,972.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6289.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,000.67 | 1.45 % | |
| R2 | 1,985.39 | 0.679 % | ||
| R1 | 1,975.95 | 0.200 % | ||
| Current price: | 1,972.00 | |||
| Support | S1 | 1,945.39 | -1.35 % | |
| S2 | 1,935.95 | -1.83 % | ||
| S3 | 1,920.67 | -2.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,178.00 | 10.45 % | |
| R2 | 2,167.00 | 9.89 % | ||
| R1 | 2,018.00 | 2.33 % | ||
| Current price | 1,972.00 | |||
| Support | S1 | 1,913.00 | -2.99% | |
| S2 | 1,910.00 | -3.14% | ||
| S3 | 1,897.00 | -3.80% |
6289 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥20.00 | 1.00% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥20.00 | 0.713% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥35.00 | 1.08% |
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