DAIICHI JITSUGYO 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
Green day on Thursday for DAIICHI JITSUGYO CO.,LTD.
(Updated on May 02, 2024)
The DAIICHI JITSUGYO CO.,LTD. stock price gained 0.234% on the last trading day (Thursday, 2nd May 2024), rising from JP¥2,139.00 to JP¥2,144.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.39% from a day low at JP¥2,092.00 to a day high of JP¥2,163.00. The price has risen in 8 of the last 10 days and is up by 11.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately JP¥68.18 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 4.13% during the next 3 months and, with a 90% probability hold a price between JP¥1,949.20 and JP¥2,316.14 at the end of this 3-month period.
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8059.T Signals & Forecast
Mostly positive signals in the chart today. The DAIICHI JITSUGYO CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,000.43 and JP¥2,061.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 15.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for DAIICHI JITSUGYO CO.,LTD. stock
DAIICHI JITSUGYO CO.,LTD. finds support from accumulated volume at JP¥2,137.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥71.00 between high and low, or 3.39%. For the last week, the stock has had daily average volatility of 3.41%.
Since the DAIICHI JITSUGYO CO.,LTD. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: JP¥2,062.10 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (8059.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect DAIICHI JITSUGYO CO.,LTD. to open at JP¥2,133.00, and during the day (based on 14 day Average True Range), to move between JP¥2,084.76 and JP¥2,203.24, which gives a possible trading interval of +/-JP¥59.24 (+/-2.76%) up or down from last closing price. If DAIICHI JITSUGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.53% 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¥2,146.00 (0.09%) than the support at JP¥2,137.00 (0.33%), 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.
Earnings coming up
DAIICHI JITSUGYO CO.,LTD. will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for DAIICHI JITSUGYO CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.51% in the first trading day after earnings release.
Is DAIICHI JITSUGYO CO.,LTD. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for DAIICHI JITSUGYO CO.,LTD. stock to perform well in the short-term.
Current score: 1.761 Buy Candidate Unchanged
Predicted Opening Price for DAIICHI JITSUGYO CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,133.00 ( 0.513%) | JP¥2,144.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8059.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,204.00 | 2.80 % | |
| R2 | 2,176.88 | 1.53 % | ||
| R1 | 2,160.12 | 0.752 % | ||
| Current price: | 2,144.00 | |||
| Support | S1 | 2,105.88 | -1.78 % | |
| S2 | 2,089.12 | -2.56 % | ||
| S3 | 2,062.00 | -3.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,187.00 | 2.01 % | |
| R2 | 2,170.00 | 1.21 % | ||
| R1 | 2,146.00 | 0.0933 % | ||
| Current price | 2,144.00 | |||
| Support | S1 | 2,137.00 | -0.326% | |
| S2 | 1,967.00 | -8.26% | ||
| S3 | 1,897.00 | -11.52% |
8059 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥15.00 | 0.81% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥18.00 | 0.96% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥64.00 | 4.99% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥85.00 | 5.90% |
FAQ
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