The Chiba Bank,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
The Chiba Bank,Ltd. stock price up 0.218% on Friday
(Updated on May 24, 2024)
The The Chiba Bank,Ltd. stock price gained 0.218% on the last trading day (Friday, 24th May 2024), rising from JP¥1,376.00 to JP¥1,379.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.59% from a day low at JP¥1,353.50 to a day high of JP¥1,388.50. The price has risen in 7 of the last 10 days and is up by 6.28% 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, 107 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately JP¥2.14 billion.
The stock lies in the middle of a strong 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 11.11% during the next 3 months and, with a 90% probability hold a price between JP¥1,442.49 and JP¥1,559.00 at the end of this 3-month period.
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8331.T Signals & Forecast
Mostly positive signals in the chart today. The The Chiba Bank,Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥1,358.43 and JP¥1,305.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 7.73%. 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 The Chiba Bank,Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥1,278.00 and JP¥1,226.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The Chiba Bank,Ltd. finds support just below today's level at JP¥1,278.00. If this is broken, then the next support from accumulated volume will be at JP¥1,226.50 and JP¥1,203.00.
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 (2.59%) between high and low. For the last week, the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: JP¥1,309.21 (-5.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (8331.T) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect The Chiba Bank,Ltd. to open at JP¥1,373.67, and during the day (based on 14 day Average True Range), to move between JP¥1,346.75 and JP¥1,411.25, which gives a possible trading interval of +/-JP¥32.25 (+/-2.34%) up or down from last closing price. If The Chiba Bank,Ltd. takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,278.00, some JP¥101.00 (7.32%) from the current price of JP¥1,379.00, our system finds the risk reward attractive.
Is The Chiba Bank,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 The Chiba Bank,Ltd. stock to perform well in the short-term.
Current score: 4.012 Buy Candidate Unchanged
Predicted Opening Price for The Chiba Bank,Ltd. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| JP¥1,373.67 ( 0.387%) | JP¥1,379.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8331.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,408.67 | 2.15 % | |
| R2 | 1,395.30 | 1.18 % | ||
| R1 | 1,387.04 | 0.583 % | ||
| Current price: | 1,379.00 | |||
| Support | S1 | 1,360.30 | -1.36 % | |
| S2 | 1,352.04 | -1.96 % | ||
| S3 | 1,338.67 | -2.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,379.00 | |||
| Support | S1 | 1,278.00 | -7.32% | |
| S2 | 1,226.50 | -11.06% | ||
| S3 | 1,203.00 | -12.76% |
8331 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 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥15.00 | 1.36% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥2.00 | 0.236% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥13.00 | 1.67% |
FAQ
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