THE TOHOKU 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
Green day on Tuesday for THE TOHOKU BANK,LTD.
(Updated on May 28, 2024)
The THE TOHOKU BANK,LTD. stock price gained 0.83% on the last trading day (Tuesday, 28th May 2024), rising from JP¥1,200.00 to JP¥1,210.00. During the last trading day the stock fluctuated 0.747% from a day low at JP¥1,205.00 to a day high of JP¥1,214.00. The price has risen in 6 of the last 10 days but is still down by -2.34% for this period. Volume fell on the last day by -4 thousand shares and in total, 7 thousand shares were bought and sold for approximately JP¥7.87 million. 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 -6.80% during the next 3 months and, with a 90% probability hold a price between JP¥1,036.36 and JP¥1,161.97 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.
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8349.T Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -2.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The THE TOHOKU 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¥1,199.86 and JP¥1,191.54. A breakdown below any of these levels will issue sell signals. 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. The stock had a Golden Star Signal on Monday, June 12, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, June 12, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for THE TOHOKU BANK,LTD. stock
THE TOHOKU BANK,LTD. finds support from accumulated volume at JP¥1,208.00 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¥9.00 between high and low, or 0.747%. For the last week the stock has had daily average volatility of 0.97%.
Our recommended stop-loss: JP¥1,166.59 (-3.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (8349.T) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect THE TOHOKU BANK,LTD. to open at JP¥1,209.67, and during the day (based on 14 day Average True Range), to move between JP¥1,189.65 and JP¥1,230.35, which gives a possible trading interval of +/-JP¥20.35 (+/-1.68%) up or down from last closing price. If THE TOHOKU BANK,LTD. takes out the full calculated possible swing range there will be an estimated 3.36% 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¥1,211.00 (0.08%) than the support at JP¥1,208.00 (0.17%), 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 THE TOHOKU BANK,LTD. stock A Buy?
THE TOHOKU BANK,LTD. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.803 Hold/Accumulate Unchanged
Predicted Opening Price for THE TOHOKU BANK,LTD. of Wednesday, May 29, 2024
Fair opening price May 29, 2024 | Current price |
---|---|
JP¥1,209.67 ( 0.0275%) | JP¥1,210.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8349.T
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,218.67 | 0.716 % | |
R2 | 1,215.23 | 0.432 % | ||
R1 | 1,213.10 | 0.257 % | ||
Current price: | 1,210.00 | |||
Support | S1 | 1,206.23 | -0.312 % | |
S2 | 1,204.10 | -0.487 % | ||
S3 | 1,200.67 | -0.771 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,307.00 | 8.02 % | |
R2 | 1,262.00 | 4.30 % | ||
R1 | 1,211.00 | 0.0826 % | ||
Current price | 1,210.00 | |||
Support | S1 | 1,208.00 | -0.165% | |
S2 | 1,192.00 | -1.49% | ||
S3 | 1,182.00 | -2.31% |
8349 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¥25.00 | 2.09% |
4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥25.00 | 2.56% |
5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥25.00 | 2.60% |
FAQ
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