Daiwa House REIT 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
Weaker technical forecast for Daiwa House REIT Investment Corporation as stock downgraded to Sell Candidate.
(Updated on May 28, 2024)
The Daiwa House REIT Investment Corporation stock price gained 0.395% on the last trading day (Tuesday, 28th May 2024), rising from JP¥252,900.00 to JP¥253,900.00. During the last trading day the stock fluctuated 1.19% from a day low at JP¥251,200.00 to a day high of JP¥254,200.00. The price has fallen in 7 of the last 10 days and is down by -4.37% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 853 more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately JP¥1.15 billion.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥250,572.38 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.45% during the next 3 months and, with a 90% probability hold a price between JP¥266,731.19 and JP¥291,779.41 at the end of this 3-month period.
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8984.T Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Daiwa House REIT Investment Corporation 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¥255,885.71 and JP¥259,702.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -5.82%. 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).
Support, Risk & Stop-loss for Daiwa House REIT Investment Corporation stock
Daiwa House REIT Investment Corporation finds support from accumulated volume at JP¥246,200.00 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¥3,000.00 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.39%.
Daiwa House REIT Investment Corporation is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (8984.T) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Daiwa House REIT Investment Corporation to open at JP¥253,100.00, and during the day (based on 14 day Average True Range), to move between JP¥250,018.28 and JP¥257,781.72, which gives a possible trading interval of +/-JP¥3,881.72 (+/-1.53%) up or down from last closing price. If Daiwa House REIT Investment Corporation takes out the full calculated possible swing range there will be an estimated 3.06% 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¥256,500.00 (1.02%) than the support at JP¥246,200.00 (3.03%), 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 Daiwa House REIT Investment Corporation stock A Buy?
The Daiwa House REIT Investment Corporation stock holds several negative signals and despite the positive trend, we believe Daiwa House REIT Investment Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.447 Sell Candidate Downgraded
Predicted Opening Price for Daiwa House REIT Investment Corporation of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| JP¥253,100.00 ( 0.315%) | JP¥253,900.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 8984.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 256,100.00 | 0.87 % | |
| R2 | 254,954.00 | 0.415 % | ||
| R1 | 254,246.00 | 0.136 % | ||
| Current price: | 253,900.00 | |||
| Support | S1 | 251,954.00 | -0.766 % | |
| S2 | 251,246.00 | -1.05 % | ||
| S3 | 250,100.00 | -1.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 259,800.00 | 2.32 % | |
| R2 | 257,300.00 | 1.34 % | ||
| R1 | 256,500.00 | 1.02 % | ||
| Current price | 253,900.00 | |||
| Support | S1 | 246,200.00 | -3.03% | |
| S2 | 244,400.00 | -3.74% | ||
| S3 | 241,300.00 | -4.96% |
8984 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | JP¥0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥802.00 | 0.287% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | JP¥795.00 | 0.286% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥793.00 | 0.241% |
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