SHOEI 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
A very red day for SHOEI CO.,LTD. stock price after a -8.28% fall in the Friday trading session
(Updated on Apr 26, 2024)
The SHOEI CO.,LTD. stock price fell by -8.28% on the last day (Friday, 26th Apr 2024) from JP¥2,246.00 to JP¥2,060.00. During the last trading day the stock fluctuated 7.57% from a day low at JP¥2,060.00 to a day high of JP¥2,216.00. The price has been going up and down for this period, and there has been a -5.37% loss for the last 2 weeks. Volume has increased on the last day by 1 million 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, 2 million shares were bought and sold for approximately JP¥3.27 billion.
Given the current short-term trend, the stock is expected to rise 15.25% during the next 3 months and, with a 90% probability hold a price between JP¥2,374.10 and JP¥2,831.50 at the end of this 3-month period.
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7839.T Signals & Forecast
There are few to no technical positive signals at the moment. The SHOEI CO.,LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥2,227.86 and JP¥2,219.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -11.55%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for SHOEI CO.,LTD. stock
SHOEI CO.,LTD. finds support from accumulated volume at JP¥2,028.00 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¥156.00 between high and low, or 7.57%. For the last week the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (7839.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect SHOEI CO.,LTD. to open at JP¥2,112.00, and during the day (based on 14 day Average True Range), to move between JP¥1,992.00 and JP¥2,128.00, which gives a possible trading interval of +/-JP¥68.00 (+/-3.30%) up or down from last closing price. If SHOEI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 6.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥2,028.00 (1.55%) than the resistance at JP¥2,109.00 (2.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SHOEI CO.,LTD. stock A Buy?
The SHOEI CO.,LTD. stock holds several negative signals and despite the positive trend, we believe SHOEI 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 Buy to a Sell candidate.
Current score: -2.775 Sell Candidate Downgraded
Predicted Opening Price for SHOEI CO.,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥2,112.00 ( 2.52%) | JP¥2,060.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7839.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,268.00 | 10.10 % | |
| R2 | 2,208.41 | 7.20 % | ||
| R1 | 2,171.59 | 5.42 % | ||
| Current price: | 2,060.00 | |||
| Support | S1 | 2,052.41 | -0.369 % | |
| S2 | 2,015.59 | -2.16 % | ||
| S3 | 1,956.00 | -5.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,275.00 | 10.44 % | |
| R2 | 2,163.00 | 5.00 % | ||
| R1 | 2,109.00 | 2.38 % | ||
| Current price | 2,060.00 | |||
| Support | S1 | 2,028.00 | -1.55% | |
| S2 | 1,986.00 | -3.59% | ||
| S3 | 1,950.00 | -5.34% |
7839 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥76.00 | 3.27% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥56.00 | 2.15% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥33.00 | 1.34% |
| 5 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | JP¥28.50 | 1.60% |
FAQ
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