YUASA FUNASHOKU 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
YUASA FUNASHOKU Co.,Ltd. stock price ended at JP¥3,530.00 on Friday, after losing 0.141%.
(Updated on Jun 28, 2024)
The YUASA FUNASHOKU Co.,Ltd. stock price fell by -0.141% on the last day (Friday, 28th Jun 2024) from JP¥3,535.00 to JP¥3,530.00. During the last trading day the stock fluctuated 1.00% from a day low at JP¥3,500.00 to a day high of JP¥3,535.00. The price has fallen in 5 of the last 10 days. Volume has increased on the last day by 700 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, 800 shares were bought and sold for approximately JP¥2.82 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect YUASA FUNASHOKU Co.,Ltd. stock with a 90% probability to be traded between JP¥3,386.84 and JP¥3,619.38 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8006.T Signals & Forecast
The YUASA FUNASHOKU Co.,Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately JP¥3,530.71. On a fall, the stock will find some support from the long-term average at approximately JP¥3,465.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.98%. 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.
A sell signal from a double top formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should fall by -10.88% to JP¥3,146.11 within 27 trading days since signal was issued (Friday, July 26, 2024).
Support, Risk & Stop-loss for YUASA FUNASHOKU Co.,Ltd. stock
YUASA FUNASHOKU Co.,Ltd. finds support from accumulated volume at JP¥3,460.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥35.00 (1.00%) between high and low. For the last week, the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: JP¥3,430.60 (-2.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (8006.T) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect YUASA FUNASHOKU Co.,Ltd. to open at JP¥3,521.67, and during the day (based on 14 day Average True Range), to move between JP¥3,472.59 and JP¥3,587.41, which gives a possible trading interval of +/-JP¥57.41 (+/-1.63%) up or down from last closing price. If YUASA FUNASHOKU Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 3.25% 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¥3,540.00 (0.28%) than the support at JP¥3,460.00 (1.98%), 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 YUASA FUNASHOKU Co.,Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for YUASA FUNASHOKU Co.,Ltd. stock to perform well in the short-term period.
Current score: 1.184 Buy Candidate Unchanged
Predicted Opening Price for YUASA FUNASHOKU Co.,Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| JP¥3,521.67 ( 0.236%) | JP¥3,530.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8006.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,556.67 | 0.755% |
| R2 | 3,543.30 | 0.377% |
| R1 | 3,535.04 | 0.143% |
| Price | 3,530.00 | |
| S1 | 3,508.30 | -0.615% |
| S2 | 3,500.04 | -0.85% |
| S3 | 3,486.67 | -1.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,560.00 | 0.85% |
| R2 | 3,555.00 | 0.708% |
| R1 | 3,540.00 | 0.283% |
| Price | 3,530.00 | |
| S1 | 3,460.00 | -1.98% |
| S2 | 3,455.00 | -2.12% |
| S3 | 3,445.00 | -2.41% |
8006 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 28, 2024 | JP¥100.00 | 2.83% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥100.00 | 3.64% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥70.00 | 2.66% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥50.00 | 1.66% |
FAQ
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