SHIMAMURA 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 Monday for SHIMAMURA Co.,Ltd.
(Updated on May 20, 2024)
The SHIMAMURA Co.,Ltd. stock price gained 1.05% on the last trading day (Monday, 20th May 2024), rising from JP¥7,518.00 to JP¥7,597.00. During the last trading day the stock fluctuated 1.67% from a day low at JP¥7,487.00 to a day high of JP¥7,612.00. The price has risen in 6 of the last 10 days but is still down by -1.87% for this period. Volume fell on the last day by -61 thousand shares and in total, 276 thousand shares were bought and sold for approximately JP¥2.10 billion. 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 wide and 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 -10.78% during the next 3 months and, with a 90% probability hold a price between JP¥6,146.30 and JP¥7,486.09 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
8227.T Signals & Forecast
There are mixed signals in the stock today. The SHIMAMURA Co.,Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥7,687.83. On a fall, the stock will find some support from the short-term average at JP¥7,575.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -2.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for SHIMAMURA Co.,Ltd. stock
SHIMAMURA Co.,Ltd. finds support from accumulated volume at JP¥7,554.00 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¥125.00 (1.67%) between high and low. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8227.T) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect SHIMAMURA Co.,Ltd. to open at JP¥7,565.33, and during the day (based on 14 day Average True Range), to move between JP¥7,443.45 and JP¥7,750.55, which gives a possible trading interval of +/-JP¥153.55 (+/-2.02%) up or down from last closing price. If SHIMAMURA Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.04% 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¥7,554.00 (0.57%) than the resistance at JP¥7,725.00 (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SHIMAMURA Co.,Ltd. stock A Buy?
SHIMAMURA Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.384 Sell Candidate Unchanged
Predicted Opening Price for SHIMAMURA Co.,Ltd. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| JP¥7,565.33 ( 0.417%) | JP¥7,597.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8227.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,690.33 | 1.23 % | |
| R2 | 7,642.58 | 0.600 % | ||
| R1 | 7,613.08 | 0.212 % | ||
| Current price: | 7,597.00 | |||
| Support | S1 | 7,517.58 | -1.05 % | |
| S2 | 7,488.08 | -1.43 % | ||
| S3 | 7,440.33 | -2.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,978.00 | 5.02 % | |
| R2 | 7,741.00 | 1.90 % | ||
| R1 | 7,725.00 | 1.68 % | ||
| Current price | 7,597.00 | |||
| Support | S1 | 7,554.00 | -0.566% | |
| S2 | 7,339.00 | -3.40% | ||
| S3 | 7,238.00 | -4.73% |
8227 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 19, 2024 | Aug 19, 2024 | Aug 19, 2024 | JP¥0 | 0% |
| 2 | Feb 19, 2024 | Feb 19, 2024 | Feb 19, 2024 | JP¥0 | 0% |
| 3 | Aug 17, 2023 | Aug 17, 2023 | Aug 17, 2023 | JP¥130.00 | 1.74% |
| 4 | Feb 17, 2023 | Feb 17, 2023 | Feb 17, 2023 | JP¥140.00 | 2.21% |
| 5 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | JP¥120.00 | 1.95% |
FAQ
Click here for our free guide on how to buy SHIMAMURA Co.,Ltd. Stock.
