Japan Tissue Engineering 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
Japan Tissue Engineering Co., Ltd. stock price up 1.60% on Thursday
(Updated on May 02, 2024)
The Japan Tissue Engineering Co., Ltd. stock price gained 1.60% on the last trading day (Thursday, 2nd May 2024), rising from JP¥626.00 to JP¥636.00. During the last trading day the stock fluctuated 2.56% from a day low at JP¥626.00 to a day high of JP¥642.00. The price has risen in 6 of the last 10 days but is still down by -3.78% for this period. Volume fell on the last day by -44 thousand shares and in total, 45 thousand shares were bought and sold for approximately JP¥28.49 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥629.72 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 34.11% during the next 3 months and, with a 90% probability hold a price between JP¥844.51 and JP¥1,156.68 at the end of this 3-month period.
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7774.T Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Japan Tissue Engineering Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at JP¥650.00 and JP¥669.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -20.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Japan Tissue Engineering Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥595.00 and JP¥581.00. 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, Japan Tissue Engineering Co., Ltd. finds support just below today's level at JP¥595.00. If this is broken, then the next support from accumulated volume will be at JP¥581.00 and JP¥519.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥16.00 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 4.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7774.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Japan Tissue Engineering Co., Ltd. to open at JP¥634.67, and during the day (based on 14 day Average True Range), to move between JP¥603.66 and JP¥668.34, which gives a possible trading interval of +/-JP¥32.34 (+/-5.09%) up or down from last closing price. If Japan Tissue Engineering Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.17% 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¥649.00 (2.04%) than the support at JP¥595.00 (6.45%), 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 Japan Tissue Engineering Co., Ltd. stock A Buy?
The Japan Tissue Engineering Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Japan Tissue Engineering Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.090 Sell Candidate Unchanged
Predicted Opening Price for Japan Tissue Engineering Co., Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥634.67 ( 0.210%) | JP¥636.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7774.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 650.67 | 2.31 % | |
| R2 | 644.55 | 1.35 % | ||
| R1 | 640.78 | 0.751 % | ||
| Current price: | 636.00 | |||
| Support | S1 | 628.55 | -1.17 % | |
| S2 | 624.78 | -1.76 % | ||
| S3 | 618.67 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 681.00 | 7.08 % | |
| R2 | 660.00 | 3.77 % | ||
| R1 | 649.00 | 2.04 % | ||
| Current price | 636.00 | |||
| Support | S1 | 595.00 | -6.45% | |
| S2 | 581.00 | -8.65% | ||
| S3 | 519.00 | -18.40% |
FAQ
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