UMC Electronics 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
Stronger technical forecast for UMC Electronics Co.,Ltd. stock price after Friday trading.
(Updated on May 17, 2024)
The UMC Electronics Co.,Ltd. stock price gained 3.97% on the last trading day (Friday, 17th May 2024), rising from JP¥353.00 to JP¥367.00. During the last trading day the stock fluctuated 4.52% from a day low at JP¥354.00 to a day high of JP¥370.00. The price has risen in 6 of the last 10 days and is up by 3.97% over the past 2 weeks. Volume fell on the last day by -194 thousand shares and in total, 35 thousand shares were bought and sold for approximately JP¥12.70 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect UMC Electronics Co.,Ltd. stock with a 90% probability to be traded between JP¥338.62 and JP¥380.24 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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6615.T Signals & Forecast
Mostly positive signals in the chart today. The UMC Electronics Co.,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥357.14 and JP¥358.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 5.16%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Monday, May 13, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, May 13, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for UMC Electronics Co.,Ltd. stock
UMC Electronics Co.,Ltd. finds support from accumulated volume at JP¥359.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥16.00 between high and low, or 4.52%. For the last week the stock has had daily average volatility of 3.98%.
Our recommended stop-loss: JP¥352.76 (-3.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (6615.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect UMC Electronics Co.,Ltd. to open at JP¥363.67, and during the day (based on 14 day Average True Range), to move between JP¥356.83 and JP¥377.17, which gives a possible trading interval of +/-JP¥10.17 (+/-2.77%) up or down from last closing price. If UMC Electronics Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.54% 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¥374.00 (1.91%) than the support at JP¥359.00 (2.18%), 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 UMC Electronics Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for UMC Electronics Co.,Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.521 Buy Candidate Upgraded
Predicted Opening Price for UMC Electronics Co.,Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥363.67 ( 0.91%) | JP¥367.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6615.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 379.67 | 3.45 % | |
| R2 | 373.55 | 1.79 % | ||
| R1 | 369.78 | 0.757 % | ||
| Current price: | 367.00 | |||
| Support | S1 | 357.55 | -2.57 % | |
| S2 | 353.78 | -3.60 % | ||
| S3 | 347.67 | -5.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 387.00 | 5.45 % | |
| R2 | 379.00 | 3.27 % | ||
| R1 | 374.00 | 1.91 % | ||
| Current price | 367.00 | |||
| Support | S1 | 359.00 | -2.18% | |
| S2 | 356.00 | -3.00% | ||
| S3 | 353.00 | -3.81% |
6615 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥30.00 | 12.77% |
| 3 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥30.00 | 1.87% |
| 4 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | JP¥5.00 | 0.198% |
| 5 | Mar 29, 2017 | Mar 29, 2017 | Mar 29, 2017 | JP¥22.30 | 1.41% |
FAQ
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