ORIX CORPORATION 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
ORIX CORPORATION stock price ended at JP¥3,682.00 on Wednesday, after gaining 1.60%.
(Updated on Jul 03, 2024)
The ORIX CORPORATION stock price gained 1.60% on the last trading day (Wednesday, 3rd Jul 2024), rising from JP¥3,624.00 to JP¥3,682.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.01% from a day low at JP¥3,624.00 to a day high of JP¥3,697.00. The price has risen in 8 of the last 10 days and is up by 7% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately JP¥10.10 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥3,668.15, a level that may pose a second chance to hit a runner. According to fan-theory JP¥3,914.85 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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8591.T Signals & Forecast
The ORIX CORPORATION 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¥3,566.00 and JP¥3,438.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 9.45%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Thursday, November 16, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, November 16, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for ORIX CORPORATION stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥3,452.00 and JP¥3,426.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ORIX CORPORATION finds support just below today's level at JP¥3,452.00. If this is broken, then the next support from accumulated volume will be at JP¥3,426.00 and JP¥3,223.00.
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¥73.00 (2.01%) between high and low. For the last week, the stock has had daily average volatility of 1.71%.
The ORIX CORPORATION stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: JP¥3,517.71 (-4.46%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (8591.T) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect ORIX CORPORATION to open at JP¥3,667.67, and during the day (based on 14 day Average True Range), to move between JP¥3,619.24 and JP¥3,744.76, which gives a possible trading interval of +/-JP¥62.76 (+/-1.70%) up or down from last closing price. If ORIX CORPORATION takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,452.00, some JP¥230.00 (6.25%) from the current price of JP¥3,682.00, our system finds the risk reward attractive.
Is ORIX CORPORATION stock A Buy?
ORIX CORPORATION 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 ORIX CORPORATION of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| JP¥3,667.67 ( 0.389%) | JP¥3,682.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8591.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,740.67 | 1.59% |
| R2 | 3,712.78 | 0.84% |
| R1 | 3,695.55 | 0.368% |
| Price | 3,682.00 | |
| S1 | 3,639.78 | -1.15% |
| S2 | 3,622.55 | -1.61% |
| S3 | 3,594.67 | -2.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 3,682.00 | |
| S1 | 3,452.00 | -6.25% |
| S2 | 3,426.00 | -6.95% |
| S3 | 3,223.00 | -12.47% |
8591 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 | Jun 04, 2024 | JP¥55.80 | 1.62% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Dec 07, 2023 | JP¥42.80 | 1.57% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥42.80 | 1.99% |
| 5 | Mar 10, 2022 | Sep 29, 2022 | Jun 10, 2022 | JP¥42.80 | 1.77% |
FAQ
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