Japan Real Estate Investment 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
Red day on Tuesday for Japan Real Estate Investment Corporation stock after losing 1.32%
(Updated on May 21, 2024)
The Japan Real Estate Investment Corporation stock price fell by -1.32% on the last day (Tuesday, 21st May 2024) from JP¥532,000.00 to JP¥525,000.00. During the last trading day the stock fluctuated 1.90% from a day low at JP¥525,000.00 to a day high of JP¥535,000.00. The price has fallen in 6 of the last 10 days and is down by -4.2% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 5 thousand shares were bought and sold for approximately JP¥2.73 billion.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥523,041.55 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Japan Real Estate Investment Corporation stock with a 90% probability to be traded between JP¥520,771.11 and JP¥551,968.35 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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8952.T Signals & Forecast
There are few to no technical positive signals at the moment. The Japan Real Estate Investment Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at JP¥536,142.86 and JP¥535,714.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -4.20%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Japan Real Estate Investment Corporation stock
Japan Real Estate Investment Corporation finds support from accumulated volume at JP¥524,000.00 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¥10,000.00 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8952.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Japan Real Estate Investment Corporation to open at JP¥528,333.33, and during the day (based on 14 day Average True Range), to move between JP¥516,534.73 and JP¥533,465.27, which gives a possible trading interval of +/-JP¥8,465.27 (+/-1.61%) up or down from last closing price. If Japan Real Estate Investment Corporation takes out the full calculated possible swing range there will be an estimated 3.22% 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¥524,000.00 (0.19%) than the resistance at JP¥536,000.00 (2.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Japan Real Estate Investment Corporation stock A Buy?
Japan Real Estate Investment Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.799 Sell Candidate Unchanged
Predicted Opening Price for Japan Real Estate Investment Corporation of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥528,333.33 ( 0.635%) | JP¥525,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8952.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 538,333.33 | 2.54 % | |
| R2 | 534,513.33 | 1.81 % | ||
| R1 | 532,153.33 | 1.36 % | ||
| Current price: | 525,000.00 | |||
| Support | S1 | 524,513.33 | -0.0927 % | |
| S2 | 522,153.33 | -0.542 % | ||
| S3 | 518,333.33 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 552,000.00 | 5.14 % | |
| R2 | 540,000.00 | 2.86 % | ||
| R1 | 536,000.00 | 2.10 % | ||
| Current price | 525,000.00 | |||
| Support | S1 | 524,000.00 | -0.190% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
8952 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Dec 01, 2024 | JP¥12,100.00 | 2.30% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥11,500.00 | 2.00% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥11,667.00 | 2.21% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥11,500.00 | 1.94% |
FAQ
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