NIHON KOHDEN CORPORATION 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
NIHON KOHDEN CORPORATION stock price up 2.29% on Wednesday
(Updated on Jul 03, 2024)
The NIHON KOHDEN CORPORATION stock price gained 2.29% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥2,318.00 to JP¥2,371.00. During the last trading day the stock fluctuated 2.98% from a day low at JP¥2,319.00 to a day high of JP¥2,388.00. The price has fallen in 6 of the last 10 days and is down by -49.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 406 thousand shares were bought and sold for approximately JP¥962.15 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,302.61 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.62% during the next 3 months and, with a 90% probability hold a price between JP¥2,219.34 and JP¥4,618.81 at the end of this 3-month period.
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6849.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 2.71%. Further rise is indicated until a new top pivot has been found. 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 NIHON KOHDEN CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥3,002.14 and JP¥4,308.46. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NIHON KOHDEN CORPORATION stock
NIHON KOHDEN CORPORATION finds support from accumulated volume at JP¥2,324.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved JP¥69.00 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 2.28%.
NIHON KOHDEN CORPORATION is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6849.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect NIHON KOHDEN CORPORATION to open at JP¥2,359.33, and during the day (based on 14 day Average True Range), to move between JP¥2,157.42 and JP¥2,584.58, which gives a possible trading interval of +/-JP¥213.58 (+/-9.01%) up or down from last closing price. If NIHON KOHDEN CORPORATION takes out the full calculated possible swing range there will be an estimated 18.02% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,324.00, some JP¥47.00 (1.98%) from the current price of JP¥2,371.00, our system finds the risk reward attractive.
Is NIHON KOHDEN CORPORATION stock A Buy?
NIHON KOHDEN CORPORATION holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.201 Sell Candidate Unchanged
Predicted Opening Price for NIHON KOHDEN CORPORATION of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥2,359.33 ( 0.492%) | JP¥2,371.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6849.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,428.33 | 2.42% |
| R2 | 2,401.98 | 1.31% |
| R1 | 2,385.69 | 0.620% |
| Price | 2,371.00 | |
| S1 | 2,332.98 | -1.60% |
| S2 | 2,316.69 | -2.29% |
| S3 | 2,290.33 | -3.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,371.00 | |
| S1 | 2,324.00 | -1.98% |
| S2 | 2,318.00 | -2.24% |
| S3 | 2,308.50 | -2.64% |
6849 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 | Jun 27, 2024 | JP¥31.00 | 1.32% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Nov 29, 2023 | JP¥30.00 | 1.60% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥41.00 | 2.28% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 1.32% |
FAQ
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