Premium Group Co.,Ltd. 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
Premium Group Co.,Ltd. stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Jul 03, 2024)
The Premium Group Co.,Ltd. stock price gained 0.755% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥2,119.00 to JP¥2,135.00. During the last trading day the stock fluctuated 2.06% from a day low at JP¥2,092.00 to a day high of JP¥2,135.00. The price has fallen in 6 of the last 10 days but is still up by 1.04% over the past 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 114 thousand shares were bought and sold for approximately JP¥244.03 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 lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.34% during the next 3 months and, with a 90% probability hold a price between JP¥2,181.97 and JP¥2,475.70 at the end of this 3-month period.
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7199.T Signals & Forecast
Mostly positive signals in the chart today. The Premium Group Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥2,155.43. On a fall, the stock will find some support from the long-term average at approximately JP¥2,128.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 4.25%. 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 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 Premium Group Co.,Ltd. stock
Premium Group Co.,Ltd. finds support from accumulated volume at JP¥2,122.00 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¥43.00 between high and low, or 2.06%. For the last week the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: JP¥2,048.31 (-4.06%) (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 (7199.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Premium Group Co.,Ltd. to open at JP¥2,120.67, and during the day (based on 14 day Average True Range), to move between JP¥2,081.97 and JP¥2,188.03, which gives a possible trading interval of +/-JP¥53.03 (+/-2.48%) up or down from last closing price. If Premium Group Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.97% 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¥2,122.00 (0.61%) than the resistance at JP¥2,170.00 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Premium Group Co.,Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Premium Group Co.,Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.543 Buy Candidate Upgraded
Predicted Opening Price for Premium Group Co.,Ltd. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥2,120.67 ( 0.671%) | JP¥2,135.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7199.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,163.67 | 1.34% |
| R2 | 2,147.24 | 0.573% |
| R1 | 2,137.09 | 0.0980% |
| Price | 2,135.00 | |
| S1 | 2,104.24 | -1.44% |
| S2 | 2,094.09 | -1.92% |
| S3 | 2,077.67 | -2.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,223.00 | 4.12% |
| R2 | 2,191.00 | 2.62% |
| R1 | 2,170.00 | 1.64% |
| Price | 2,135.00 | |
| S1 | 2,122.00 | -0.609% |
| S2 | 2,120.00 | -0.703% |
| S3 | 2,119.00 | -0.749% |
7199 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 06, 2024 | JP¥13.00 | 0.628% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 07, 2023 | JP¥13.00 | 0.766% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥11.00 | 0.656% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥10.00 | 0.559% |
FAQ
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