ES-CON JAPAN 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
Stronger technical forecast for ES-CON JAPAN Ltd. stock price after Thursday trading.
(Updated on May 02, 2024)
The ES-CON JAPAN Ltd. stock price gained 1.83% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,037.00 to JP¥1,056.00. During the last trading day the stock fluctuated 2.12% from a day low at JP¥1,037.00 to a day high of JP¥1,059.00. The price has risen in 7 of the last 10 days and is up by 7.43% 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, 293 thousand more shares were traded than the day before. In total, 498 thousand shares were bought and sold for approximately JP¥525.57 million.
The stock lies in the middle of a 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 2.94% during the next 3 months and, with a 90% probability hold a price between JP¥1,011.04 and JP¥1,107.66 at the end of this 3-month period.
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8892.T Signals & Forecast
Mostly positive signals in the chart today. The ES-CON JAPAN 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¥1,027.57 and JP¥1,015.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 7.98%. 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 ES-CON JAPAN Ltd. stock
ES-CON JAPAN Ltd. finds support from accumulated volume at JP¥1,040.00 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¥22.00 between high and low, or 2.12%. For the last week the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: JP¥1,015.81 (-3.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (8892.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ES-CON JAPAN Ltd. to open at JP¥1,050.67, and during the day (based on 14 day Average True Range), to move between JP¥1,035.90 and JP¥1,076.10, which gives a possible trading interval of +/-JP¥20.10 (+/-1.90%) up or down from last closing price. If ES-CON JAPAN Ltd. takes out the full calculated possible swing range there will be an estimated 3.81% 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¥1,063.00 (0.66%) than the support at JP¥1,040.00 (1.52%), 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 ES-CON JAPAN Ltd. stock A Buy?
ES-CON JAPAN Ltd. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.152 Strong Buy Candidate Upgraded
Predicted Opening Price for ES-CON JAPAN Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,050.67 ( 0.505%) | JP¥1,056.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8892.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,072.67 | 1.58 % | |
| R2 | 1,064.26 | 0.782 % | ||
| R1 | 1,059.07 | 0.291 % | ||
| Current price: | 1,056.00 | |||
| Support | S1 | 1,042.26 | -1.30 % | |
| S2 | 1,037.07 | -1.79 % | ||
| S3 | 1,028.67 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 1,063.00 | 0.663 % | ||
| Current price | 1,056.00 | |||
| Support | S1 | 1,040.00 | -1.52% | |
| S2 | 1,016.00 | -3.79% | ||
| S3 | 1,000.00 | -5.30% |
8892 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥38.00 | 4.94% |
| 5 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥38.00 | 5.02% |
FAQ
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