FANUC 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
FANUC CORPORATION stock price up 1.04% on Wednesday
(Updated on Jun 26, 2024)
The FANUC CORPORATION stock price gained 1.04% on the last trading day (Wednesday, 26th Jun 2024), rising from JP¥4,323.00 to JP¥4,368.00. 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 3.18% from a day low at JP¥4,283.00 to a day high of JP¥4,419.00. The price has fallen in 6 of the last 10 days and is down by -1.44% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately JP¥17.23 billion.
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 FANUC CORPORATION stock with a 90% probability to be traded between JP¥4,239.48 and JP¥4,774.50 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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6954.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 4.07%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The FANUC CORPORATION stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥4,453.71. On a fall, the stock will find some support from the short-term average at JP¥4,272.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for FANUC CORPORATION stock
FANUC CORPORATION finds support from accumulated volume at JP¥4,314.00 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¥136.00 (3.18%) between high and low. For the last week, the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: JP¥4,163.74 (-4.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (6954.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect FANUC CORPORATION to open at JP¥4,356.67, and during the day (based on 14 day Average True Range), to move between JP¥4,273.41 and JP¥4,462.59, which gives a possible trading interval of +/-JP¥94.59 (+/-2.17%) up or down from last closing price. If FANUC CORPORATION takes out the full calculated possible swing range there will be an estimated 4.33% 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¥4,399.00 (0.71%) than the support at JP¥4,314.00 (1.24%), 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 FANUC CORPORATION 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 FANUC CORPORATION stock to perform well in the short-term period.
Current score: 1.119 Buy Candidate Unchanged
Predicted Opening Price for FANUC CORPORATION of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥4,356.67 ( 0.259%) | JP¥4,368.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6954.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,492.67 | 2.85% |
| R2 | 4,440.71 | 1.66% |
| R1 | 4,408.62 | 0.93% |
| Price | 4,368.00 | |
| S1 | 4,304.71 | -1.45% |
| S2 | 4,272.62 | -2.18% |
| S3 | 4,220.67 | -3.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,627.00 | 5.93% |
| R2 | 4,455.00 | 1.99% |
| R1 | 4,399.00 | 0.710% |
| Price | 4,368.00 | |
| S1 | 4,314.00 | -1.24% |
| S2 | 4,265.00 | -2.36% |
| S3 | 4,228.00 | -3.21% |
6954 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Jul 01, 2024 | JP¥35.16 | 0.80% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Dec 01, 2023 | JP¥40.26 | 0.98% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥54.33 | 1.16% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥52.80 | 1.28% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥47.94 | 1.10% |
FAQ
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