BROTHER INDUSTRIES,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
Green day on Thursday for BROTHER INDUSTRIES,LTD.
(Updated on May 02, 2024)
The BROTHER INDUSTRIES,LTD. stock price gained 0.541% on the last trading day (Thursday, 2nd May 2024), rising from JP¥2,774.50 to JP¥2,789.50. During the last trading day the stock fluctuated 1.67% from a day low at JP¥2,753.00 to a day high of JP¥2,799.00. The price has risen in 6 of the last 10 days but is still down by -2.57% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 226 thousand more shares were traded than the day before. In total, 698 thousand shares were bought and sold for approximately JP¥1.95 billion.
The stock lies in the middle of a wide and strong 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 15.28% during the next 3 months and, with a 90% probability hold a price between JP¥3,129.41 and JP¥3,556.24 at the end of this 3-month period.
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6448.T Signals & Forecast
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. The BROTHER INDUSTRIES,LTD. 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¥2,811.93 and JP¥2,801.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -6.20%. 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 BROTHER INDUSTRIES,LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,637.50 and JP¥2,509.50. 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, BROTHER INDUSTRIES,LTD. finds support just below today's level at JP¥2,637.50. If this is broken, then the next support from accumulated volume will be at JP¥2,509.50 and JP¥2,479.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥46.00 between high and low, or 1.67%. For the last week the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6448.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect BROTHER INDUSTRIES,LTD. to open at JP¥2,780.50, and during the day (based on 14 day Average True Range), to move between JP¥2,725.38 and JP¥2,853.62, which gives a possible trading interval of +/-JP¥64.12 (+/-2.30%) up or down from last closing price. If BROTHER INDUSTRIES,LTD. takes out the full calculated possible swing range there will be an estimated 4.60% 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¥2,812.00 (0.81%) than the support at JP¥2,637.50 (5.45%), 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
BROTHER INDUSTRIES,LTD. will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for BROTHER INDUSTRIES,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.01% in the first trading day after earnings release.
Is BROTHER INDUSTRIES,LTD. stock A Buy?
The BROTHER INDUSTRIES,LTD. stock holds several negative signals and despite the positive trend, we believe BROTHER INDUSTRIES,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.103 Sell Candidate Unchanged
Predicted Opening Price for BROTHER INDUSTRIES,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,780.50 ( 0.323%) | JP¥2,789.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6448.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,826.50 | 1.33 % | |
| R2 | 2,808.93 | 0.696 % | ||
| R1 | 2,798.07 | 0.307 % | ||
| Current price: | 2,789.50 | |||
| Support | S1 | 2,762.93 | -0.95 % | |
| S2 | 2,752.07 | -1.34 % | ||
| S3 | 2,734.50 | -1.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,974.00 | 6.61 % | |
| R2 | 2,842.00 | 1.88 % | ||
| R1 | 2,812.00 | 0.81 % | ||
| Current price | 2,789.50 | |||
| Support | S1 | 2,637.50 | -5.45% | |
| S2 | 2,509.50 | -10.04% | ||
| S3 | 2,479.00 | -11.13% |
6448 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¥34.00 | 1.72% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥34.00 | 1.35% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥34.00 | 1.51% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥30.00 | 1.19% |
FAQ
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