CHORI 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 CHORI CO.,LTD. stock price after Friday trading.
(Updated on Jun 21, 2024)
The CHORI CO.,LTD. stock price fell by -3.35% on the last day (Friday, 21st Jun 2024) from JP¥3,580.00 to JP¥3,460.00. During the last trading day the stock fluctuated 2.75% from a day low at JP¥3,460.00 to a day high of JP¥3,555.00. The price has been going up and down for this period, and there has been a -0.86% loss for the last 2 weeks. Volume has increased on the last day by 28 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, 62 thousand shares were bought and sold for approximately JP¥215.90 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.11% during the next 3 months and, with a 90% probability hold a price between JP¥3,541.04 and JP¥4,005.73 at the end of this 3-month period.
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8014.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 CHORI 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¥3,530.00 and JP¥3,555.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -5.21%. 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.
Support, Risk & Stop-loss for CHORI CO.,LTD. stock
CHORI CO.,LTD. finds support from accumulated volume at JP¥3,440.00 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¥95.00 between high and low, or 2.75%. For the last week the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: JP¥3,315.33 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (8014.T) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect CHORI CO.,LTD. to open at JP¥3,491.67, and during the day (based on 14 day Average True Range), to move between JP¥3,383.63 and JP¥3,536.37, which gives a possible trading interval of +/-JP¥76.37 (+/-2.21%) up or down from last closing price. If CHORI CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.41% 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¥3,440.00 (0.58%) than the resistance at JP¥3,525.00 (1.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CHORI CO.,LTD. stock A Buy?
CHORI 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: -0.858 Hold/Accumulate Upgraded
Predicted Opening Price for CHORI CO.,LTD. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| JP¥3,491.67 ( 0.92%) | JP¥3,460.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8014.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,586.67 | 3.66% |
| R2 | 3,550.38 | 2.61% |
| R1 | 3,527.96 | 1.96% |
| Price | 3,460.00 | |
| S1 | 3,455.38 | -0.134% |
| S2 | 3,432.96 | -0.782% |
| S3 | 3,396.67 | -1.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,570.00 | 3.18% |
| R2 | 3,550.00 | 2.60% |
| R1 | 3,525.00 | 1.88% |
| Price | 3,460.00 | |
| S1 | 3,440.00 | -0.578% |
| S2 | 3,430.00 | -0.87% |
| S3 | 3,370.00 | -2.60% |
8014 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¥58.00 | 1.63% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥58.00 | 1.92% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥55.00 | 2.22% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥50.00 | 2.56% |
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