OM2Network 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
OM2Network Co.,Ltd. stock price ended at JP¥1,598.00 on Wednesday, after gaining 0.188%.
(Updated on Jul 03, 2024)
The OM2Network Co.,Ltd. stock price gained 0.188% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥1,595.00 to JP¥1,598.00. During the last trading day the stock fluctuated 0.251% from a day low at JP¥1,596.00 to a day high of JP¥1,600.00. The price has risen in 5 of the last 10 days and is up by 1.2% over the past 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect OM2Network Co.,Ltd. stock with a 90% probability to be traded between JP¥1,590.61 and JP¥1,636.83 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
7614.T Signals & Forecast
Mostly positive signals in the chart today. The OM2Network Co.,Ltd. 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¥1,596.14 and JP¥1,586.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 1.59%. 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. The stock had a Golden Star Signal on Monday, June 24, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, June 24, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Tuesday, May 14, 2024 and based on theory for this formation the price should fall by -1.44% to JP¥1,575.00 within 16 trading days (Wednesday, June 05, 2024) since signal was issued.
Support, Risk & Stop-loss for OM2Network Co.,Ltd. stock
OM2Network Co.,Ltd. finds support from accumulated volume at JP¥1,585.00 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¥4.00 between high and low, or 0.251%. For the last week the stock has had daily average volatility of 0.427%.
Our recommended stop-loss: JP¥1,521.43 (-4.79%) (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 (7614.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect OM2Network Co.,Ltd. to open at JP¥1,598.00, and during the day (based on 14 day Average True Range), to move between JP¥1,585.92 and JP¥1,610.08, which gives a possible trading interval of +/-JP¥12.08 (+/-0.76%) up or down from last closing price. If OM2Network Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 1.51% 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¥1,600.00 (0.13%) than the support at JP¥1,585.00 (0.81%), 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 OM2Network Co.,Ltd. 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 OM2Network Co.,Ltd. stock to perform well in the short-term period.
Current score: 1.551 Buy Candidate Unchanged
Predicted Opening Price for OM2Network Co.,Ltd. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥1,598.00 ( 0%) | JP¥1,598.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7614.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,602.00 | 0.250% |
| R2 | 1,600.47 | 0.155% |
| R1 | 1,599.53 | 0.0956% |
| Price | 1,598.00 | |
| S1 | 1,596.47 | -0.0956% |
| S2 | 1,595.53 | -0.155% |
| S3 | 1,594.00 | -0.250% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,605.00 | 0.438% |
| R2 | 1,603.00 | 0.313% |
| R1 | 1,600.00 | 0.125% |
| Price | 1,598.00 | |
| S1 | 1,585.00 | -0.81% |
| S2 | 1,583.00 | -0.94% |
| S3 | 1,580.00 | -1.13% |
7614 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 30, 2025 | Jan 30, 2025 | Jan 30, 2025 | JP¥0 | 0% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Apr 30, 2024 | JP¥24.00 | 1.52% |
| 3 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | JP¥24.00 | 2.25% |
| 4 | Jan 28, 2022 | Jan 28, 2022 | Jan 28, 2022 | JP¥24.00 | 2.22% |
| 5 | Jan 28, 2021 | Jan 28, 2021 | Jan 28, 2021 | JP¥24.00 | 2.01% |
FAQ
Click here for our free guide on how to buy OM2Network Co.,Ltd. Stock.
