JUKI CORPORATION 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 JUKI CORPORATION
(Updated on May 02, 2024)
The JUKI CORPORATION stock price fell by -0.372% on the last day (Thursday, 2nd May 2024) from JP¥538.00 to JP¥536.00. During the last trading day the stock fluctuated 1.68% from a day low at JP¥536.00 to a day high of JP¥545.00. The price has been going up and down for this period, and there has been a -0.19% loss for the last 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 -38 thousand shares and in total, 57 thousand shares were bought and sold for approximately JP¥30.28 million.
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¥534.31 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 15.78% during the next 3 months and, with a 90% probability hold a price between JP¥618.64 and JP¥727.58 at the end of this 3-month period.
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6440.T Signals & Forecast
There are few to no technical positive signals at the moment. The JUKI CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥538.71 and JP¥549.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 29, 2024, and so far it has fallen -9.92%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for JUKI CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥505.00 and JP¥492.00. 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, JUKI CORPORATION finds support just below today's level at JP¥505.00. If this is broken, then the next support from accumulated volume will be at JP¥492.00 and JP¥489.00.
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¥9.00 (1.68%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6440.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect JUKI CORPORATION to open at JP¥539.00, and during the day (based on 14 day Average True Range), to move between JP¥523.54 and JP¥548.46, which gives a possible trading interval of +/-JP¥12.46 (+/-2.32%) up or down from last closing price. If JUKI CORPORATION takes out the full calculated possible swing range there will be an estimated 4.65% 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¥557.00 (3.92%) than the support at JP¥505.00 (5.78%), 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
JUKI CORPORATION will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for JUKI CORPORATION, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.94% in the first trading day after earnings release.
Is JUKI CORPORATION stock A Buy?
The JUKI CORPORATION stock holds several negative signals and despite the positive trend, we believe JUKI CORPORATION will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.035 Sell Candidate Unchanged
Predicted Opening Price for JUKI CORPORATION of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥539.00 ( 0.560%) | JP¥536.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6440.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 548.00 | 2.24 % | |
| R2 | 544.56 | 1.60 % | ||
| R1 | 542.44 | 1.20 % | ||
| Current price: | 536.00 | |||
| Support | S1 | 535.56 | -0.0817 % | |
| S2 | 533.44 | -0.478 % | ||
| S3 | 530.00 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 576.00 | 7.46 % | |
| R2 | 573.00 | 6.90 % | ||
| R1 | 557.00 | 3.92 % | ||
| Current price | 536.00 | |||
| Support | S1 | 505.00 | -5.78% | |
| S2 | 492.00 | -8.21% | ||
| S3 | 489.00 | -8.77% |
6440 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥20.00 | 3.22% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥25.00 | 2.92% |
| 4 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥20.00 | 3.75% |
| 5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | JP¥25.00 | 2.83% |
FAQ
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