TSUKISHIMA KIKAI 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
Red day on Thursday for TSUKISHIMA KIKAI CO.,LTD.
(Updated on May 02, 2024)
The TSUKISHIMA KIKAI CO.,LTD. stock price fell by -0.90% on the last day (Thursday, 2nd May 2024) from JP¥1,437.00 to JP¥1,424.00. During the last trading day the stock fluctuated 1.41% from a day low at JP¥1,420.00 to a day high of JP¥1,440.00. The price has fallen in 6 of the last 10 days but is still up by 1.71% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -19 thousand shares and in total, 24 thousand shares were bought and sold for approximately JP¥34.18 million.
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 4.70% during the next 3 months and, with a 90% probability hold a price between JP¥1,419.43 and JP¥1,606.66 at the end of this 3-month period.
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6332.T Signals & Forecast
The TSUKISHIMA KIKAI 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¥1,421.86 and JP¥1,418.17. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -3.52%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Friday, March 22, 2024 and based on theory for this formation the price should fall by -9.10% to JP¥1,294.45 within 11 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for TSUKISHIMA KIKAI CO.,LTD. stock
TSUKISHIMA KIKAI CO.,LTD. finds support from accumulated volume at JP¥1,413.00 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¥20.00 (1.41%) between high and low. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: JP¥1,347.84 (-5.35%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (6332.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect TSUKISHIMA KIKAI CO.,LTD. to open at JP¥1,428.00, and during the day (based on 14 day Average True Range), to move between JP¥1,386.22 and JP¥1,461.78, which gives a possible trading interval of +/-JP¥37.78 (+/-2.65%) up or down from last closing price. If TSUKISHIMA KIKAI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.31% 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¥1,431.00 (0.49%) than the support at JP¥1,413.00 (0.77%), 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.
Earnings coming up
TSUKISHIMA KIKAI CO.,LTD. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for TSUKISHIMA KIKAI CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.17% in the first trading day after earnings release.
Is TSUKISHIMA KIKAI CO.,LTD. stock A Buy?
TSUKISHIMA KIKAI CO.,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.
Current score: -0.148 Hold/Accumulate Unchanged
Predicted Opening Price for TSUKISHIMA KIKAI CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,428.00 ( 0.281%) | JP¥1,424.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6332.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,448.00 | 1.69 % | |
| R2 | 1,440.36 | 1.15 % | ||
| R1 | 1,435.64 | 0.82 % | ||
| Current price: | 1,424.00 | |||
| Support | S1 | 1,420.36 | -0.256 % | |
| S2 | 1,415.64 | -0.587 % | ||
| S3 | 1,408.00 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,483.00 | 4.14 % | |
| R2 | 1,466.00 | 2.95 % | ||
| R1 | 1,431.00 | 0.492 % | ||
| Current price | 1,424.00 | |||
| Support | S1 | 1,413.00 | -0.772% | |
| S2 | 1,389.00 | -2.46% | ||
| S3 | 1,386.00 | -2.67% |
6332 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¥5.00 | 0.466% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥15.00 | 1.69% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥18.00 | 1.65% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥12.00 | 1.03% |
FAQ
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