The Nanto 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 Friday for The Nanto Bank,Ltd. stock after gaining 0.85%
(Updated on May 31, 2024)
The The Nanto Bank,Ltd. stock price gained 0.85% on the last trading day (Friday, 31st May 2024), rising from JP¥3,540.00 to JP¥3,570.00. During the last trading day the stock fluctuated 1.55% from a day low at JP¥3,550.00 to a day high of JP¥3,605.00. The price has risen in 8 of the last 10 days and is up by 6.41% 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, 134 thousand more shares were traded than the day before. In total, 191 thousand shares were bought and sold for approximately JP¥681.51 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at JP¥3,637.10 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.88% during the next 3 months and, with a 90% probability hold a price between JP¥3,755.13 and JP¥4,287.33 at the end of this 3-month period.
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8367.T Signals & Forecast
The The Nanto 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¥3,485.71 and JP¥3,190.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 22.30%. 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 Nanto Bank,Ltd. stock
The Nanto Bank,Ltd. finds support from accumulated volume at JP¥3,405.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved JP¥55.00 between high and low, or 1.55%. For the last week, the stock has had daily average volatility of 2.14%.
The The Nanto Bank,Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥3,450.76 (-3.34%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 47 days ago.)
Trading Expectations (8367.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect The Nanto Bank,Ltd. to open at JP¥3,575.00, and during the day (based on 14 day Average True Range), to move between JP¥3,495.49 and JP¥3,644.51, which gives a possible trading interval of +/-JP¥74.51 (+/-2.09%) up or down from last closing price. If The Nanto Bank,Ltd. takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,405.00, some JP¥165.00 (4.62%) from the current price of JP¥3,570.00, our system finds the risk reward attractive.
Is The Nanto Bank,Ltd. stock A Buy?
The Nanto 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for The Nanto Bank,Ltd. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥3,575.00 ( 0.140%) | JP¥3,570.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8367.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,630.00 | 1.68 % | |
| R2 | 3,608.99 | 1.09 % | ||
| R1 | 3,596.01 | 0.729 % | ||
| Current price: | 3,570.00 | |||
| Support | S1 | 3,553.99 | -0.448 % | |
| S2 | 3,541.01 | -0.81 % | ||
| S3 | 3,520.00 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3,570.00 | |||
| Support | S1 | 3,405.00 | -4.62% | |
| S2 | 3,205.00 | -10.22% | ||
| S3 | 3,095.00 | -13.31% |
8367 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¥40.00 | 1.45% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥33.00 | 1.42% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 1.89% |
FAQ
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