THE BANK OF SAGA LTD. Stock Forecast
THE BANK OF SAGA LTD. stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The THE BANK OF SAGA LTD. stock price gained 0.737% on the last trading day (Friday, 26th Apr 2024), rising from JP¥2,171.00 to JP¥2,187.00. During the last trading day the stock fluctuated 2.47% from a day low at JP¥2,145.00 to a day high of JP¥2,198.00. The price has been going up and down for this period, and there has been a 4.54% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 40 thousand shares were bought and sold for approximately JP¥87.92 million.
The stock lies in the middle of a wide and 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 12.47% during the next 3 months and, with a 90% probability hold a price between JP¥2,280.13 and JP¥2,587.50 at the end of this 3-month period.
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8395.T Signals & Forecast
The THE BANK OF SAGA LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,114.57 and JP¥2,114.97. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -0.410%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for THE BANK OF SAGA LTD. stock
THE BANK OF SAGA LTD. finds support from accumulated volume at JP¥2,157.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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¥53.00 (2.47%) between high and low. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: JP¥2,101.69 (-3.90%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (8395.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect THE BANK OF SAGA LTD. to open at JP¥2,176.67, and during the day (based on 14 day Average True Range), to move between JP¥2,139.58 and JP¥2,234.42, which gives a possible trading interval of +/-JP¥47.42 (+/-2.17%) up or down from last closing price. If THE BANK OF SAGA LTD. takes out the full calculated possible swing range there will be an estimated 4.34% 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¥2,196.00 (0.41%) than the support at JP¥2,157.00 (1.37%), 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 BANK OF SAGA 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 BANK OF SAGA LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.042 Buy Candidate Upgraded
Predicted Opening Price for THE BANK OF SAGA LTD. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥2,176.67 ( 0.472%) | JP¥2,187.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8395.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,229.67 | 1.95 % | |
| R2 | 2,209.42 | 1.03 % | ||
| R1 | 2,196.91 | 0.453 % | ||
| Current price: | 2,187.00 | |||
| Support | S1 | 2,156.42 | -1.40 % | |
| S2 | 2,143.91 | -1.97 % | ||
| S3 | 2,123.67 | -2.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2,196.00 | 0.412 % | ||
| Current price | 2,187.00 | |||
| Support | S1 | 2,157.00 | -1.37% | |
| S2 | 2,092.00 | -4.34% | ||
| S3 | 2,049.00 | -6.31% |
8395 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¥35.00 | 1.66% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥35.00 | 2.17% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥35.00 | 2.29% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥35.00 | 2.34% |
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