Eidai 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
Evaluation of Eidai Co.,Ltd. stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The Eidai Co.,Ltd. stock price fell by -3.32% on the last day (Friday, 26th Apr 2024) from JP¥271.00 to JP¥262.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.44% from a day low at JP¥262.00 to a day high of JP¥271.00. The price has fallen in 6 of the last 10 days and is down by -8.39% for this period. Volume has increased on the last day by 187 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 237 thousand shares were bought and sold for approximately JP¥62.09 million.
Given the current short-term trend, the stock is expected to rise 10.80% during the next 3 months and, with a 90% probability hold a price between JP¥290.29 and JP¥358.35 at the end of this 3-month period.
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7822.T Signals & Forecast
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. The Eidai 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¥273.14 and JP¥288.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -15.48%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, August 23, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Wednesday, August 23, 2023 in the long-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.
Support, Risk & Stop-loss for Eidai Co.,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥238.00 and JP¥237.00. 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, Eidai Co.,Ltd. finds support just below today's level at JP¥238.00. If this is broken, then the next support from accumulated volume will be at JP¥237.00 and JP¥236.00.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥9.00 (3.44%) between high and low. For the last week, the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7822.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Eidai Co.,Ltd. to open at JP¥265.00, and during the day (based on 14 day Average True Range), to move between JP¥255.55 and JP¥268.45, which gives a possible trading interval of +/-JP¥6.45 (+/-2.46%) up or down from last closing price. If Eidai Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.93% 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¥281.00 (7.25%) than the support at JP¥238.00 (9.16%), 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 Eidai Co.,Ltd. stock A Buy?
The Eidai Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe Eidai Co.,Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.257 Sell Candidate Downgraded
Predicted Opening Price for Eidai Co.,Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥265.00 ( 1.15%) | JP¥262.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7822.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 274.00 | 4.58 % | |
| R2 | 270.56 | 3.27 % | ||
| R1 | 268.44 | 2.46 % | ||
| Current price: | 262.00 | |||
| Support | S1 | 261.56 | -0.167 % | |
| S2 | 259.44 | -0.98 % | ||
| S3 | 256.00 | -2.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 287.00 | 9.54 % | |
| R2 | 284.00 | 8.40 % | ||
| R1 | 281.00 | 7.25 % | ||
| Current price | 262.00 | |||
| Support | S1 | 238.00 | -9.16% | |
| S2 | 237.00 | -9.54% | ||
| S3 | 236.00 | -9.92% |
7822 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥5.00 | 2.23% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥5.00 | 2.13% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥6.00 | 1.99% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥6.00 | 1.97% |
FAQ
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