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 6368.T
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ORGANO CORPORATION stock price ended at JP¥7,470.00 on Thursday, after gaining 2.05%.
(Updated on Mar 28, 2024)

Buy candidate since Mar 18, 2024 Gain 2.89% PDF

The ORGANO CORPORATION stock price gained 2.05% on the last trading day (Thursday, 28th Mar 2024), rising from JP¥7,320.00 to JP¥7,470.00. During the last trading day the stock fluctuated 5.10% from a day low at JP¥7,260.00 to a day high of JP¥7,630.00. The price has been going up and down for this period, and there has been a 1.77% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 140 thousand more shares were traded than the day before. In total, 351 thousand shares were bought and sold for approximately JP¥2.62 billion.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥7,235.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 32.82% during the next 3 months and, with a 90% probability hold a price between JP¥9,609.49 and JP¥11,685.76 at the end of this 3-month period.

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6368.T Signals & Forecast

The ORGANO CORPORATION 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¥7,361.43 and JP¥7,248.86. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, March 04, 2024, and so far it has fallen -8.34%. 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).

Support, Risk & Stop-loss for ORGANO CORPORATION stock

On the downside, the stock finds support just below today's level from accumulated volume at JP¥6,430.00 and JP¥6,290.00. 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, ORGANO CORPORATION finds support just below today's level at JP¥6,430.00. If this is broken, then the next support from accumulated volume will be at JP¥6,290.00 and JP¥6,280.00.

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¥370.00 between high and low, or 5.10%. For the last week, the stock has had daily average volatility of 3.46%.

Our recommended stop-loss: JP¥7,123.35 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (6368.T) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect ORGANO CORPORATION to open at JP¥7,453.33, and during the day (based on 14 day Average True Range), to move between JP¥7,163.66 and JP¥7,776.34, which gives a possible trading interval of +/-JP¥306.34 (+/-4.10%) up or down from last closing price. If ORGANO CORPORATION takes out the full calculated possible swing range there will be an estimated 8.20% 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¥7,670.00 (2.68%) than the support at JP¥6,430.00 (13.92%), 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 ORGANO CORPORATION 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 ORGANO CORPORATION stock to perform well in the short-term.

Current score: 3.586 Buy Candidate Unchanged

Predicted Opening Price for ORGANO CORPORATION of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
JP¥7,453.33 ( 0.223%) JP¥7,470.00

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

Trading levels for 6368.T

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7,823.33 4.73 %
R2 7,681.99 2.84 %
R1 7,594.67 1.67 %
Current price: 7,470.00
Support S1 7,311.99 -2.12 %
S2 7,224.67 -3.28 %
S3 7,083.33 -5.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8,150.00 9.10 %
R2 7,890.00 5.62 %
R1 7,670.00 2.68 %
Current price 7,470.00
Support S1 6,430.00 -13.92%
S2 6,290.00 -15.80%
S3 6,280.00 -15.93%

6368 Dividend Payout History


# Declaration Date 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¥33.00 0.93%
3 Sep 29, 2022 Sep 29, 2022 Sep 29, 2022 JP¥29.00 1.34%
4 Mar 30, 2022 Mar 30, 2022 Mar 30, 2022 JP¥22.00 0.86%
5 Sep 29, 2021 Sep 29, 2021 Sep 29, 2021 JP¥18.00 1.05%

FAQ

What is the symbol for ORGANO CORPORATION Stock and on which exchange is it traded?
The symbol for ORGANO CORPORATION is 6368.T and it is traded on the TYO (Tokyo Stock Exchange).

Should I buy or sell ORGANO CORPORATION Stock?
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 ORGANO CORPORATION stock to perform well in the short-term.

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

What's the current price of ORGANO CORPORATION Stock?
As of the end of day on the 2024-03-28, the price of an ORGANO CORPORATION (6368.T) share was JP¥7,470.00.

What is the 52-week high and low for ORGANO CORPORATION Stock?
The 52-week high for ORGANO CORPORATION Stock is JP¥8,390.00 and the 52-week low is JP¥3,100.00.

What is the market capitalization of ORGANO CORPORATION Stock?
As of the 2024-03-28, the market capitalization of ORGANO CORPORATION is 343.203B.

When is the next earnings date for ORGANO CORPORATION?
The upcoming earnings date for ORGANO CORPORATION is May 10, 2024.
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