FUJI ELECTRIC INDUSTRY 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
FUJI ELECTRIC INDUSTRY CO.,LTD. stock upgraded to Strong Buy Candidate.
(Updated on Jun 28, 2024)
The FUJI ELECTRIC INDUSTRY CO.,LTD. stock price gained 0.87% on the last trading day (Friday, 28th Jun 2024), rising from JP¥1,149.00 to JP¥1,159.00. During the last trading day the stock fluctuated 0.694% from a day low at JP¥1,152.00 to a day high of JP¥1,160.00. The price has risen in 8 of the last 10 days and is up by 3.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 600 more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately JP¥28.74 million.
Given the current horizontal trend, you can expect FUJI ELECTRIC INDUSTRY CO.,LTD. stock with a 90% probability to be traded between JP¥1,128.72 and JP¥1,177.91 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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6654.T Signals & Forecast
Mostly positive signals in the chart today. The FUJI ELECTRIC INDUSTRY 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¥1,143.00 and JP¥1,125.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 5.56%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, May 21, 2024 in the short-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
The stock had a Golden Star Signal on Tuesday, May 21, 2024 in the short-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 FUJI ELECTRIC INDUSTRY CO.,LTD. stock
FUJI ELECTRIC INDUSTRY CO.,LTD. finds support from accumulated volume at JP¥1,126.00 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¥8.00 between high and low, or 0.694%. For the last week the stock has had daily average volatility of 0.84%.
The FUJI ELECTRIC INDUSTRY CO.,LTD. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥1,121.22 (-3.26%) (This stock has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 53 days ago.)
Trading Expectations (6654.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect FUJI ELECTRIC INDUSTRY CO.,LTD. to open at JP¥1,157.00, and during the day (based on 14 day Average True Range), to move between JP¥1,150.39 and JP¥1,167.61, which gives a possible trading interval of +/-JP¥8.61 (+/-0.74%) up or down from last closing price. If FUJI ELECTRIC INDUSTRY CO.,LTD. takes out the full calculated possible swing range there will be an estimated 1.49% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,126.00, some JP¥33.00 (2.85%) from the current price of JP¥1,159.00, our system finds the risk reward attractive.
Is FUJI ELECTRIC INDUSTRY CO.,LTD. stock A Buy?
FUJI ELECTRIC INDUSTRY CO.,LTD. holds several positive signals and is considered to be a good choice at current levels. We expect the FUJI ELECTRIC INDUSTRY CO.,LTD. stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.639 Strong Buy Candidate Upgraded
Predicted Opening Price for FUJI ELECTRIC INDUSTRY CO.,LTD. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥1,157.00 ( 0.173%) | JP¥1,159.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6654.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,165.00 | 0.518% |
| R2 | 1,161.94 | 0.254% |
| R1 | 1,160.06 | 0.0911% |
| Price | 1,159.00 | |
| S1 | 1,153.94 | -0.436% |
| S2 | 1,152.06 | -0.599% |
| S3 | 1,149.00 | -0.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,159.00 | |
| S1 | 1,126.00 | -2.85% |
| S2 | 1,124.00 | -3.02% |
| S3 | 1,113.00 | -3.97% |
6654 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Oct 01, 2024 | JP¥16.00 | 1.38% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Apr 25, 2024 | JP¥3.00 | 0.269% |
| 3 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥16.00 | 1.42% |
| 4 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥16.00 | 1.48% |
| 5 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥16.00 | 1.37% |
FAQ
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