ShinMaywa Industries,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
ShinMaywa Industries,LTD. stock price up 0.686% on Friday
(Updated on May 17, 2024)
The ShinMaywa Industries,LTD. stock price gained 0.686% on the last trading day (Friday, 17th May 2024), rising from JP¥1,312.00 to JP¥1,321.00. During the last trading day the stock fluctuated 2.85% from a day low at JP¥1,296.00 to a day high of JP¥1,333.00. The price has risen in 7 of the last 10 days and is up by 10.08% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 231 thousand shares were bought and sold for approximately JP¥305.02 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥1,343.13 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.72% during the next 3 months and, with a 90% probability hold a price between JP¥1,232.98 and JP¥1,406.49 at the end of this 3-month period.
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7224.T Signals & Forecast
The ShinMaywa Industries,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¥1,322.29. On a fall, the stock will find some support from the long-term average at approximately JP¥1,233.23. 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. 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. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -1.27%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ShinMaywa Industries,LTD. stock
ShinMaywa Industries,LTD. finds support from accumulated volume at JP¥1,292.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥37.00 between high and low, or 2.85%. For the last week, the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: JP¥1,271.05 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (7224.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ShinMaywa Industries,LTD. to open at JP¥1,316.67, and during the day (based on 14 day Average True Range), to move between JP¥1,295.50 and JP¥1,346.50, which gives a possible trading interval of +/-JP¥25.50 (+/-1.93%) up or down from last closing price. If ShinMaywa Industries,LTD. takes out the full calculated possible swing range there will be an estimated 3.86% 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¥1,328.00 (0.53%) than the support at JP¥1,292.00 (2.20%), 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 ShinMaywa Industries,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 ShinMaywa Industries,LTD. stock to perform well in the short-term.
Current score: 1.609 Buy Candidate Unchanged
Predicted Opening Price for ShinMaywa Industries,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥1,316.67 ( 0.328%) | JP¥1,321.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7224.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,353.67 | 2.47 % | |
| R2 | 1,339.53 | 1.40 % | ||
| R1 | 1,330.80 | 0.742 % | ||
| Current price: | 1,321.00 | |||
| Support | S1 | 1,302.53 | -1.40 % | |
| S2 | 1,293.80 | -2.06 % | ||
| S3 | 1,279.67 | -3.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,338.00 | 1.29 % | |
| R2 | 1,329.00 | 0.606 % | ||
| R1 | 1,328.00 | 0.530 % | ||
| Current price | 1,321.00 | |||
| Support | S1 | 1,292.00 | -2.20% | |
| S2 | 1,257.00 | -4.84% | ||
| S3 | 1,229.00 | -6.96% |
7224 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¥24.00 | 2.03% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥21.00 | 2.12% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥23.00 | 2.50% |
FAQ
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