SONOCOM 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
Stronger technical forecast for SONOCOM CO.,LTD. stock price after Wednesday trading.
(Updated on May 08, 2024)
The SONOCOM CO.,LTD. stock price gained 0.115% on the last trading day (Wednesday, 8th May 2024), rising from JP¥869.00 to JP¥870.00. During the last trading day the stock fluctuated 0.230% from a day low at JP¥870.00 to a day high of JP¥872.00. The price has been going up and down for this period, and there has been a 0.46% gain for the last 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately JP¥1.91 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 middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.23% during the next 3 months and, with a 90% probability hold a price between JP¥812.28 and JP¥869.98 at the end of this 3-month period. 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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7902.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.462%. Further rise is indicated until a new top pivot has been found. 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 SONOCOM 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¥873.14 and JP¥890.63. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, December 01, 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 Friday, December 01, 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 SONOCOM CO.,LTD. stock
SONOCOM CO.,LTD. finds support from accumulated volume at JP¥869.00 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¥2.00 between high and low, or 0.230%. For the last week the stock has had daily average volatility of 0.598%.
Our recommended stop-loss: JP¥820.52 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (7902.T) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect SONOCOM CO.,LTD. to open at JP¥870.67, and during the day (based on 14 day Average True Range), to move between JP¥857.53 and JP¥882.47, which gives a possible trading interval of +/-JP¥12.47 (+/-1.43%) up or down from last closing price. If SONOCOM CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.87% 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¥869.00 (0.11%) than the resistance at JP¥878.00 (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
SONOCOM CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for SONOCOM CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0.93% in the first trading day after earnings release.
Is SONOCOM CO.,LTD. stock A Buy?
SONOCOM CO.,LTD. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.328 Hold/Accumulate Upgraded
Predicted Opening Price for SONOCOM CO.,LTD. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| JP¥870.67 ( 0.0766%) | JP¥870.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 7902.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 872.67 | 0.307 % | |
| R2 | 871.90 | 0.219 % | ||
| R1 | 871.43 | 0.164 % | ||
| Current price: | 870.00 | |||
| Support | S1 | 869.90 | -0.0112 % | |
| S2 | 869.43 | -0.0654 % | ||
| S3 | 868.67 | -0.153 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 910.00 | 4.60 % | |
| R2 | 895.00 | 2.87 % | ||
| R1 | 878.00 | 0.92 % | ||
| Current price | 870.00 | |||
| Support | S1 | 869.00 | -0.115% | |
| S2 | 866.00 | -0.460% | ||
| S3 | 0 | . |
7902 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¥10.00 | 1.23% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥2.00 | 0.247% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥10.00 | 1.21% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥10.00 | 1.56% |
FAQ
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