THE SHIMIZU BANK,LTD. Stock Forecast
Red day on Friday for THE SHIMIZU BANK,LTD.
(Updated on Apr 26, 2024)
The THE SHIMIZU BANK,LTD. stock price fell by -0.632% on the last day (Friday, 26th Apr 2024) from JP¥1,583.00 to JP¥1,573.00. During the last trading day the stock fluctuated 1.99% from a day low at JP¥1,556.00 to a day high of JP¥1,587.00. The price has fallen in 5 of the last 10 days and is down by -0.51% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 thousand shares and in total, 14 thousand shares were bought and sold for approximately JP¥22.34 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect THE SHIMIZU BANK,LTD. stock with a 90% probability to be traded between JP¥1,515.85 and JP¥1,670.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8364.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 THE SHIMIZU BANK,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¥1,574.00 and JP¥1,587.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.757%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for THE SHIMIZU BANK,LTD. stock
THE SHIMIZU BANK,LTD. finds support from accumulated volume at JP¥1,567.00 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¥31.00 between high and low, or 1.99%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8364.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect THE SHIMIZU BANK,LTD. to open at JP¥1,572.00, and during the day (based on 14 day Average True Range), to move between JP¥1,546.32 and JP¥1,599.68, which gives a possible trading interval of +/-JP¥26.68 (+/-1.70%) up or down from last closing price. If THE SHIMIZU BANK,LTD. takes out the full calculated possible swing range there will be an estimated 3.39% 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¥1,574.00 (0.06%) than the support at JP¥1,567.00 (0.38%), 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 SHIMIZU BANK,LTD. stock A Buy?
THE SHIMIZU BANK,LTD. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.171 Sell Candidate Unchanged
Predicted Opening Price for THE SHIMIZU BANK,LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥1,572.00 ( 0.0636%) | JP¥1,573.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8364.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,603.00 | 1.91 % | |
| R2 | 1,591.16 | 1.15 % | ||
| R1 | 1,583.84 | 0.689 % | ||
| Current price: | 1,573.00 | |||
| Support | S1 | 1,560.16 | -0.82 % | |
| S2 | 1,552.84 | -1.28 % | ||
| S3 | 1,541.00 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,639.00 | 4.20 % | |
| R2 | 1,583.00 | 0.636 % | ||
| R1 | 1,574.00 | 0.0636 % | ||
| Current price | 1,573.00 | |||
| Support | S1 | 1,567.00 | -0.381% | |
| S2 | 1,566.00 | -0.445% | ||
| S3 | 1,532.00 | -2.61% |
8364 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¥30.00 | 1.81% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 2.09% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥30.00 | 2.05% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥30.00 | 1.88% |
FAQ
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