MEDIPAL HOLDINGS 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
Red day on Wednesday for MEDIPAL HOLDINGS CORPORATION
(Updated on Jul 03, 2024)
The MEDIPAL HOLDINGS CORPORATION stock price fell by -0.361% on the last day (Wednesday, 3rd Jul 2024) from JP¥2,495.50 to JP¥2,486.50. During the last trading day the stock fluctuated 1.85% from a day low at JP¥2,463.50 to a day high of JP¥2,509.00. The price has risen in 6 of the last 10 days and is up by 7.2% 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 -98 thousand shares and in total, 332 thousand shares were bought and sold for approximately JP¥826.02 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at JP¥2,495.10 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect MEDIPAL HOLDINGS CORPORATION stock with a 90% probability to be traded between JP¥2,183.96 and JP¥2,470.80 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. 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.
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7459.T Signals & Forecast
The MEDIPAL HOLDINGS CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥2,462.71 and JP¥2,331.54. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, July 02, 2024, and so far it has fallen -0.361%. 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.
A sell signal from a double top formation was found on Tuesday, July 02, 2024 and based on theory for this formation the price should fall by -13.76% to JP¥2,144.31 within 42 trading days (Monday, September 02, 2024) since signal was issued.
Support, Risk & Stop-loss for MEDIPAL HOLDINGS CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥2,319.50 and JP¥2,318.00. 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, MEDIPAL HOLDINGS CORPORATION finds support just below today's level at JP¥2,319.50. If this is broken, then the next support from accumulated volume will be at JP¥2,318.00 and JP¥2,312.00.
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¥45.50 between high and low, or 1.85%. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: JP¥2,396.68 (-3.61%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (7459.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect MEDIPAL HOLDINGS CORPORATION to open at JP¥2,486.33, and during the day (based on 14 day Average True Range), to move between JP¥2,444.28 and JP¥2,528.72, which gives a possible trading interval of +/-JP¥42.22 (+/-1.70%) up or down from last closing price. If MEDIPAL HOLDINGS CORPORATION takes out the full calculated possible swing range there will be an estimated 3.40% 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¥2,488.50 (0.08%) than the support at JP¥2,319.50 (6.72%), 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 MEDIPAL HOLDINGS 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 MEDIPAL HOLDINGS CORPORATION stock to perform well in the short-term period.
Current score: 1.490 Buy Candidate Unchanged
Predicted Opening Price for MEDIPAL HOLDINGS CORPORATION of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥2,486.33 ( 0.0067%) | JP¥2,486.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7459.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,531.83 | 1.82% |
| R2 | 2,514.45 | 1.12% |
| R1 | 2,503.71 | 0.692% |
| Price | 2,486.50 | |
| S1 | 2,468.95 | -0.706% |
| S2 | 2,458.21 | -1.14% |
| S3 | 2,440.83 | -1.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 2,495.50 | 0.362% |
| R1 | 2,488.50 | 0.0804% |
| Price | 2,486.50 | |
| S1 | 2,319.50 | -6.72% |
| S2 | 2,318.00 | -6.78% |
| S3 | 2,312.00 | -7.02% |
7459 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 04, 2024 | JP¥30.00 | 1.28% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥30.00 | 1.19% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥23.00 | 1.29% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥23.00 | 1.25% |
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