and factory,inc 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
Stronger technical forecast for and factory,inc stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The and factory,inc stock price gained 1.97% on the last trading day (Tuesday, 30th Apr 2024), rising from JP¥305.00 to JP¥311.00. During the last trading day the stock fluctuated 1.95% from a day low at JP¥308.00 to a day high of JP¥314.00. The price has fallen in 4 of the last 10 days and is down by -3.12% for this period. Volume fell on the last day by -44 thousand shares and in total, 16 thousand shares were bought and sold for approximately JP¥5.01 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect and factory,inc stock with a 90% probability to be traded between JP¥309.27 and JP¥329.28 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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7035.T Signals & Forecast
There are mixed signals in the stock today. The and factory,inc 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¥315.37. On a fall, the stock will find some support from the short-term average at JP¥310.57. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.97%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for and factory,inc stock
and factory,inc finds support from accumulated volume at JP¥310.00 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¥6.00 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: JP¥295.54 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (7035.T) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect and factory,inc to open at JP¥311.00, and during the day (based on 14 day Average True Range), to move between JP¥306.22 and JP¥315.78, which gives a possible trading interval of +/-JP¥4.78 (+/-1.54%) up or down from last closing price. If and factory,inc takes out the full calculated possible swing range there will be an estimated 3.07% 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¥312.00 (0.32%) than the support at JP¥310.00 (0.32%), 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 and factory,inc 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 and factory,inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.815 Buy Candidate Upgraded
Predicted Opening Price for and factory,inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| JP¥311.00 ( 0%) | JP¥311.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7035.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 317.00 | 1.93 % | |
| R2 | 314.71 | 1.19 % | ||
| R1 | 313.29 | 0.737 % | ||
| Current price: | 311.00 | |||
| Support | S1 | 308.71 | -0.737 % | |
| S2 | 307.29 | -1.19 % | ||
| S3 | 305.00 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 314.00 | 0.96 % | |
| R2 | 313.00 | 0.643 % | ||
| R1 | 312.00 | 0.322 % | ||
| Current price | 311.00 | |||
| Support | S1 | 310.00 | -0.322% | |
| S2 | 308.00 | -0.96% | ||
| S3 | 305.00 | -1.93% |
FAQ
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