SAMCO INC. 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
SAMCO INC. stock upgraded to Hold/Accumulate.
(Updated on May 21, 2024)
The SAMCO INC. stock price fell by -1.63% on the last day (Tuesday, 21st May 2024) from JP¥4,595.00 to JP¥4,520.00. During the last trading day the stock fluctuated 2.77% from a day low at JP¥4,520.00 to a day high of JP¥4,645.00. The price has fallen in 6 of the last 10 days and is down by -0.33% for this period. Volume has increased on the last day by 2 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, 31 thousand shares were bought and sold for approximately JP¥138.76 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥4,631.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -21.58% during the next 3 months and, with a 90% probability hold a price between JP¥3,009.26 and JP¥3,631.70 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6387.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.23%. Further rise is indicated until a new top pivot has been found. 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. The SAMCO INC. 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¥4,622.14 and JP¥4,557.14. A break-up above any of these levels will issue buy signals. 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 SAMCO INC. stock
SAMCO INC. finds support from accumulated volume at JP¥4,440.00 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¥125.00 between high and low, or 2.77%. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: JP¥4,390.73 (-2.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 50 days ago.)
Trading Expectations (6387.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect SAMCO INC. to open at JP¥4,561.67, and during the day (based on 14 day Average True Range), to move between JP¥4,383.23 and JP¥4,656.77, which gives a possible trading interval of +/-JP¥136.77 (+/-3.03%) up or down from last closing price. If SAMCO INC. takes out the full calculated possible swing range there will be an estimated 6.05% 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¥4,440.00 (1.77%) than the resistance at JP¥4,650.00 (2.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SAMCO INC. stock A Buy?
SAMCO INC. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.966 Hold/Accumulate Upgraded
Predicted Opening Price for SAMCO INC. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥4,561.67 ( 0.92%) | JP¥4,520.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6387.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,686.67 | 3.69 % | |
| R2 | 4,638.92 | 2.63 % | ||
| R1 | 4,609.42 | 1.98 % | ||
| Current price: | 4,520.00 | |||
| Support | S1 | 4,513.92 | -0.135 % | |
| S2 | 4,484.42 | -0.787 % | ||
| S3 | 4,436.67 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,440.00 | 20.35 % | |
| R2 | 5,010.00 | 10.84 % | ||
| R1 | 4,650.00 | 2.88 % | ||
| Current price | 4,520.00 | |||
| Support | S1 | 4,440.00 | -1.77% | |
| S2 | 4,435.00 | -1.88% | ||
| S3 | 4,255.00 | -5.86% |
6387 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥35.00 | 0.684% |
| 2 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥35.00 | 1.24% |
| 3 | Jul 29, 2021 | Jul 29, 2021 | Jul 29, 2021 | JP¥25.00 | 0.81% |
| 4 | Jul 30, 2020 | Jul 30, 2020 | Jul 30, 2020 | JP¥25.00 | 0.83% |
| 5 | Jul 30, 2019 | Jul 30, 2019 | Jul 30, 2019 | JP¥20.00 | 2.18% |
FAQ
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