FUJITSU GENERAL LIMITED 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
A very strong day for FUJITSU GENERAL LIMITED stock price on Friday
(Updated on Apr 26, 2024)
The FUJITSU GENERAL LIMITED stock price gained 7.97% on the last trading day (Friday, 26th Apr 2024), rising from JP¥1,824.50 to JP¥1,970.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.64% from a day low at JP¥1,833.00 to a day high of JP¥1,973.00. The price has risen in 7 of the last 10 days and is up by 9.08% 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, 936 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately JP¥3.69 billion.
Given the current short-term trend, the stock is expected to fall -14.76% during the next 3 months and, with a 90% probability hold a price between JP¥1,476.26 and JP¥1,679.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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6755.T Signals & Forecast
The FUJITSU GENERAL LIMITED 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¥1,829.71 and JP¥1,865.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 11.24%. 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.
Support, Risk & Stop-loss for FUJITSU GENERAL LIMITED stock
FUJITSU GENERAL LIMITED finds support from accumulated volume at JP¥1,922.50 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¥140.00 between high and low, or 7.64%. For the last week the stock has had daily average volatility of 3.64%.
Our recommended stop-loss: JP¥1,896.32 (-3.74%) (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 (6755.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect FUJITSU GENERAL LIMITED to open at JP¥1,925.33, and during the day (based on 14 day Average True Range), to move between JP¥1,915.94 and JP¥2,024.06, which gives a possible trading interval of +/-JP¥54.06 (+/-2.74%) up or down from last closing price. If FUJITSU GENERAL LIMITED takes out the full calculated possible swing range there will be an estimated 5.49% 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¥1,995.00 (1.27%) than the support at JP¥1,922.50 (2.41%), 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 FUJITSU GENERAL LIMITED stock A Buy?
FUJITSU GENERAL LIMITED holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for FUJITSU GENERAL LIMITED of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,925.33 ( 2.27%) | JP¥1,970.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6755.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,065.33 | 4.84 % | |
| R2 | 2,011.85 | 2.12 % | ||
| R1 | 1,978.81 | 0.447 % | ||
| Current price: | 1,970.00 | |||
| Support | S1 | 1,871.85 | -4.98 % | |
| S2 | 1,838.81 | -6.66 % | ||
| S3 | 1,785.33 | -9.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,053.00 | 4.21 % | |
| R2 | 2,029.50 | 3.02 % | ||
| R1 | 1,995.00 | 1.27 % | ||
| Current price | 1,970.00 | |||
| Support | S1 | 1,922.50 | -2.41% | |
| S2 | 1,824.50 | -7.39% | ||
| S3 | 1,819.00 | -7.66% |
6755 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥17.00 | 0.458% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥17.00 | 0.571% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥16.00 | 0.660% |
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