Dai-ichi Life Holdings,Inc. 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
Dai-ichi Life Holdings,Inc. stock price ended at JP¥4,613.00 on Tuesday, after gaining 3.45%.
(Updated on Jul 02, 2024)
The Dai-ichi Life Holdings,Inc. stock price gained 3.45% on the last trading day (Tuesday, 2nd Jul 2024), rising from JP¥4,459.00 to JP¥4,613.00. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.17% from a day low at JP¥4,506.00 to a day high of JP¥4,649.00. The price has risen in 9 of the last 10 days and is up by 17.65% 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, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately JP¥19.74 billion.
The stock has broken the wide and 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¥4,559.30, a level that may pose a second chance to hit a runner. According to fan-theory JP¥5,118.77 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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8750.T Signals & Forecast
Mostly positive signals in the chart today. The Dai-ichi Life Holdings,Inc. 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¥4,296.14 and JP¥4,047.51. 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 19.38%. 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 Dai-ichi Life Holdings,Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at JP¥4,207.00 and JP¥3,667.00. 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, Dai-ichi Life Holdings,Inc. finds support just below today's level at JP¥4,207.00. If this is broken, then the next support from accumulated volume will be at JP¥3,667.00 and JP¥3,611.00.
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¥143.00 between high and low, or 3.17%. For the last week, the stock has had daily average volatility of 2.20%.
The Dai-ichi Life Holdings,Inc. stock is extremely overbought on RSI14 (76). 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. Since the Dai-ichi Life Holdings,Inc. has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: JP¥4,378.09 (-5.09%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (8750.T) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Dai-ichi Life Holdings,Inc. to open at JP¥4,589.33, and during the day (based on 14 day Average True Range), to move between JP¥4,491.03 and JP¥4,734.97, which gives a possible trading interval of +/-JP¥121.97 (+/-2.64%) up or down from last closing price. If Dai-ichi Life Holdings,Inc. takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥4,207.00, some JP¥406.00 (8.80%) from the current price of JP¥4,613.00, our system finds the risk reward attractive.
Is Dai-ichi Life Holdings,Inc. stock A Buy?
Dai-ichi Life Holdings,Inc. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.438 Strong Buy Candidate Unchanged
Predicted Opening Price for Dai-ichi Life Holdings,Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| JP¥4,589.33 ( 0.513%) | JP¥4,613.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8750.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,732.33 | 2.59% |
| R2 | 4,677.71 | 1.40% |
| R1 | 4,643.96 | 0.671% |
| Price | 4,613.00 | |
| S1 | 4,534.71 | -1.70% |
| S2 | 4,500.96 | -2.43% |
| S3 | 4,446.33 | -3.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 4,613.00 | |
| S1 | 4,207.00 | -8.80% |
| S2 | 3,667.00 | -20.51% |
| S3 | 3,611.00 | -21.72% |
8750 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 25, 2024 | JP¥113.00 | 2.69% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥86.00 | 3.58% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥83.00 | 3.25% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥62.00 | 3.21% |
FAQ
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