DAI-ICHI SEIKO 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
Green day on Tuesday for DAI-ICHI SEIKO CO.,LTD. stock after gaining 1.18%
(Updated on Jul 02, 2024)
The DAI-ICHI SEIKO CO.,LTD. stock price gained 1.18% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥2,122.00 to JP¥2,147.00. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.08% from a day low at JP¥2,109.00 to a day high of JP¥2,174.00. The price has risen in 7 of the last 10 days and is up by 2.24% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 120 thousand shares were bought and sold for approximately JP¥258.50 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 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¥2,090.40 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 23.96% during the next 3 months and, with a 90% probability hold a price between JP¥2,591.24 and JP¥2,954.80 at the end of this 3-month period.
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6640.T Signals & Forecast
Mostly positive signals in the chart today. The DAI-ICHI SEIKO CO.,LTD. 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¥2,062.71 and JP¥2,036.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 9.43%. 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.
Support, Risk & Stop-loss for DAI-ICHI SEIKO CO.,LTD. stock
DAI-ICHI SEIKO CO.,LTD. finds support from accumulated volume at JP¥2,142.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥65.00 (3.08%) between high and low. For the last week, the stock has had daily average volatility of 3.13%.
Since the DAI-ICHI SEIKO CO.,LTD. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: JP¥2,077.01 (-3.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (6640.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect DAI-ICHI SEIKO CO.,LTD. to open at JP¥2,143.33, and during the day (based on 14 day Average True Range), to move between JP¥2,074.07 and JP¥2,219.93, which gives a possible trading interval of +/-JP¥72.93 (+/-3.40%) up or down from last closing price. If DAI-ICHI SEIKO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.79% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,142.00, some JP¥5.00 (0.23%) from the current price of JP¥2,147.00, our system finds the risk reward attractive.
Is DAI-ICHI SEIKO CO.,LTD. stock A Buy?
DAI-ICHI SEIKO CO.,LTD. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.591 Strong Buy Candidate Unchanged
Predicted Opening Price for DAI-ICHI SEIKO CO.,LTD. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥2,143.33 ( 0.171%) | JP¥2,147.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6640.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,208.33 | 2.86% |
| R2 | 2,183.50 | 1.70% |
| R1 | 2,168.16 | 0.99% |
| Price | 2,147.00 | |
| S1 | 2,118.50 | -1.33% |
| S2 | 2,103.16 | -2.04% |
| S3 | 2,078.33 | -3.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,147.00 | |
| S1 | 2,142.00 | -0.233% |
| S2 | 2,047.00 | -4.66% |
| S3 | 1,972.00 | -8.15% |
6640 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Jun 27, 2024 | Jun 27, 2024 | Sep 01, 2024 | JP¥20.00 | 0.93% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Mar 29, 2024 | JP¥20.00 | 1.12% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | JP¥20.00 | 1.47% |
| 5 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥20.00 | 1.70% |
FAQ
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