Marubeni Corporation 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
Red day on Thursday for Marubeni Corporation stock after losing 1.21%
(Updated on Jun 20, 2024)
The Marubeni Corporation stock price fell by -1.21% on the last day (Thursday, 20th Jun 2024) from JP¥2,977.50 to JP¥2,941.50. During the last trading day the stock fluctuated 1.83% from a day low at JP¥2,902.00 to a day high of JP¥2,955.00. The price has been going up and down for this period, and there has been a -0.52% loss for the last 2 weeks. Volume has increased on the last day by 910 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, 4 million shares were bought and sold for approximately JP¥13.07 billion.
Given the current short-term trend, the stock is expected to rise 20.04% during the next 3 months and, with a 90% probability hold a price between JP¥3,531.12 and JP¥3,910.01 at the end of this 3-month period.
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8002.T Signals & Forecast
There are few to no technical positive signals at the moment. The Marubeni Corporation 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¥2,983.07 and JP¥3,004.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -5.36%. 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 Marubeni Corporation stock
Marubeni Corporation finds support from accumulated volume at JP¥2,914.00 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¥53.00 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8002.T) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Marubeni Corporation to open at JP¥2,932.83, and during the day (based on 14 day Average True Range), to move between JP¥2,877.68 and JP¥3,005.32, which gives a possible trading interval of +/-JP¥63.82 (+/-2.17%) up or down from last closing price. If Marubeni Corporation takes out the full calculated possible swing range there will be an estimated 4.34% 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¥2,914.00 (0.93%) than the resistance at JP¥3,056.00 (3.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marubeni Corporation stock A Buy?
The Marubeni Corporation stock holds several negative signals and despite the positive trend, we believe Marubeni Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.559 Sell Candidate Unchanged
Predicted Opening Price for Marubeni Corporation of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| JP¥2,932.83 ( 0.295%) | JP¥2,941.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8002.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,985.83 | 1.51% |
| R2 | 2,965.59 | 0.82% |
| R1 | 2,953.08 | 0.394% |
| Price | 2,941.50 | |
| S1 | 2,912.59 | -0.98% |
| S2 | 2,900.08 | -1.41% |
| S3 | 2,879.83 | -2.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,060.00 | 4.03% |
| R2 | 3,057.00 | 3.93% |
| R1 | 3,056.00 | 3.89% |
| Price | 2,941.50 | |
| S1 | 2,914.00 | -0.93% |
| S2 | 2,824.00 | -3.99% |
| S3 | 2,652.50 | -9.82% |
8002 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 03, 2024 | JP¥41.50 | 1.34% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥39.00 | 1.63% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥40.50 | 2.31% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥37.50 | 2.89% |
FAQ
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