ENPLAS 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
A very red day for ENPLAS CORPORATION stock price after a -5.04% fall in the Wednesday trading session
(Updated on May 08, 2024)
The ENPLAS CORPORATION stock price fell by -5.04% on the last day (Wednesday, 8th May 2024) from JP¥7,930.00 to JP¥7,530.00. During the last trading day the stock fluctuated 3.59% from a day low at JP¥7,530.00 to a day high of JP¥7,800.00. The price has risen in 7 of the last 10 days and is up by 4.29% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -36 thousand shares and in total, 153 thousand shares were bought and sold for approximately JP¥1.15 billion.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.22% during the next 3 months and, with a 90% probability hold a price between JP¥5,191.16 and JP¥7,199.37 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
6961.T Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ENPLAS CORPORATION stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥8,162.86 and JP¥7,570.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -13.55%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ENPLAS CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥7,120.00 and JP¥7,090.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ENPLAS CORPORATION finds support just below today's level at JP¥7,120.00. If this is broken, then the next support from accumulated volume will be at JP¥7,090.00 and JP¥7,000.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥270.00 between high and low, or 3.59%. For the last week, the stock has had daily average volatility of 5.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (6961.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect ENPLAS CORPORATION to open at JP¥7,620.00, and during the day (based on 14 day Average True Range), to move between JP¥7,071.76 and JP¥7,988.24, which gives a possible trading interval of +/-JP¥458.24 (+/-6.09%) up or down from last closing price. If ENPLAS CORPORATION takes out the full calculated possible swing range there will be an estimated 12.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥7,120.00 (5.44%) than the resistance at JP¥8,300.00 (10.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ENPLAS CORPORATION stock A Buy?
ENPLAS 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.756 Sell Candidate Downgraded
Predicted Opening Price for ENPLAS CORPORATION of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥7,620.00 ( 1.20%) | JP¥7,530.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6961.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,890.00 | 4.78 % | |
| R2 | 7,786.86 | 3.41 % | ||
| R1 | 7,723.14 | 2.56 % | ||
| Current price: | 7,530.00 | |||
| Support | S1 | 7,516.86 | -0.175 % | |
| S2 | 7,453.14 | -1.02 % | ||
| S3 | 7,350.00 | -2.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,790.00 | 16.73 % | |
| R2 | 8,710.00 | 15.67 % | ||
| R1 | 8,300.00 | 10.23 % | ||
| Current price | 7,530.00 | |||
| Support | S1 | 7,120.00 | -5.44% | |
| S2 | 7,090.00 | -5.84% | ||
| S3 | 7,000.00 | -7.04% |
6961 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¥30.00 | 0.622% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 0.733% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥25.00 | 0.91% |
FAQ
Click here for our free guide on how to buy ENPLAS CORPORATION Stock.
