Bank of The Ryukyus,Limited 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
Weaker technical forecast for Bank of The Ryukyus,Limited as stock downgraded to Hold/Accumulate.
(Updated on May 02, 2024)
No changes to the price of Bank of The Ryukyus,Limited stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 1.21% from a day low at JP¥1,157.00 to a day high of JP¥1,171.00. The price has risen in 5 of the last 10 days and is up by 4.2% over the past 2 weeks.
The stock lies in the middle of a wide and weak 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 2.40% during the next 3 months and, with a 90% probability hold a price between JP¥1,137.56 and JP¥1,284.04 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
8399.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 Bank of The Ryukyus,Limited 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¥1,166.00 and JP¥1,169.91. 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 30, 2024, and so far it has fallen -1.27%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
A sell signal from a double top formation was found on Friday, March 22, 2024 and based on theory for this formation the price should fall by -3.01% to JP¥1,130.89 within 9 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for Bank of The Ryukyus,Limited stock
Bank of The Ryukyus,Limited finds support from accumulated volume at JP¥1,165.00 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¥14.00 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: JP¥1,114.49 (-4.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (8399.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Bank of The Ryukyus,Limited to open at JP¥1,164.67, and during the day (based on 14 day Average True Range), to move between JP¥1,140.75 and JP¥1,191.25, which gives a possible trading interval of +/-JP¥25.25 (+/-2.17%) up or down from last closing price. If Bank of The Ryukyus,Limited takes out the full calculated possible swing range there will be an estimated 4.33% 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¥1,165.00 (0.09%) than the resistance at JP¥1,184.00 (1.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Bank of The Ryukyus,Limited will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Bank of The Ryukyus,Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.95% in the first trading day after earnings release.
Is Bank of The Ryukyus,Limited stock A Buy?
Bank of The Ryukyus,Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.444 Hold/Accumulate Downgraded
Predicted Opening Price for Bank of The Ryukyus,Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,164.67 ( 0.114%) | JP¥1,166.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8399.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,178.67 | 1.09 % | |
| R2 | 1,173.32 | 0.628 % | ||
| R1 | 1,170.01 | 0.344 % | ||
| Current price: | 1,166.00 | |||
| Support | S1 | 1,159.32 | -0.573 % | |
| S2 | 1,156.01 | -0.86 % | ||
| S3 | 1,150.67 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,234.00 | 5.83 % | |
| R2 | 1,197.00 | 2.66 % | ||
| R1 | 1,184.00 | 1.54 % | ||
| Current price | 1,166.00 | |||
| Support | S1 | 1,165.00 | -0.0858% | |
| S2 | 1,164.00 | -0.172% | ||
| S3 | 1,126.00 | -3.43% |
8399 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¥18.50 | 1.57% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥17.50 | 1.91% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥17.50 | 2.27% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥17.50 | 2.13% |
FAQ
Click here for our free guide on how to buy Bank of The Ryukyus,Limited Stock.
