THE SHIMIZU BANK,LTD. Stock Forecast
Green day on Friday for THE SHIMIZU BANK,LTD.
(Updated on May 10, 2024)
The THE SHIMIZU BANK,LTD. stock price gained 1.10% on the last trading day (Friday, 10th May 2024), rising from JP¥1,548.00 to JP¥1,565.00. During the last trading day the stock fluctuated 2.28% from a day low at JP¥1,532.00 to a day high of JP¥1,567.00. The price has fallen in 7 of the last 10 days and is down by -1.26% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately JP¥25.51 million.
The stock is moving within a 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¥1,499.79 and JP¥1,640.72 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
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 2.29%. 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. 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 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¥1,577.43. On a fall, the stock will find some support from the short-term average at JP¥1,552.14. 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.
Support, Risk & Stop-loss for THE SHIMIZU BANK,LTD. stock
THE SHIMIZU BANK,LTD. finds support from accumulated volume at JP¥1,552.00 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¥35.00 between high and low, or 2.28%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: JP¥1,475.35 (-5.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (8364.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect THE SHIMIZU BANK,LTD. to open at JP¥1,554.67, and during the day (based on 14 day Average True Range), to move between JP¥1,539.88 and JP¥1,590.12, which gives a possible trading interval of +/-JP¥25.12 (+/-1.61%) 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 3.21% 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¥1,552.00 (0.83%) than the resistance at JP¥1,583.00 (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is THE SHIMIZU BANK,LTD. stock A Buy?
THE SHIMIZU 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: 0.344 Hold/Accumulate Unchanged
Predicted Opening Price for THE SHIMIZU BANK,LTD. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥1,554.67 ( 0.660%) | JP¥1,565.00 |
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 | 1,589.67 | 1.58 % | |
| R2 | 1,576.30 | 0.722 % | ||
| R1 | 1,568.04 | 0.194 % | ||
| Current price: | 1,565.00 | |||
| Support | S1 | 1,541.30 | -1.51 % | |
| S2 | 1,533.04 | -2.04 % | ||
| S3 | 1,519.67 | -2.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,661.00 | 6.13 % | |
| R2 | 1,639.00 | 4.73 % | ||
| R1 | 1,583.00 | 1.15 % | ||
| Current price | 1,565.00 | |||
| Support | S1 | 1,552.00 | -0.83% | |
| S2 | 1,551.00 | -0.89% | ||
| S3 | 1,532.00 | -2.11% |
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% |
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