Nippon BS Broadcasting 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
Nippon BS Broadcasting Corporation stock downgraded to Sell Candidate
(Updated on May 22, 2024)
The Nippon BS Broadcasting Corporation stock price fell by -0.336% on the last day (Wednesday, 22nd May 2024) from JP¥892.00 to JP¥889.00. During the last trading day the stock fluctuated 0.565% from a day low at JP¥885.00 to a day high of JP¥890.00. The price has fallen in 6 of the last 10 days and is down by -1.33% for this period. Volume has increased on the last day by 65 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 82 thousand shares were bought and sold for approximately JP¥72.72 million.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately JP¥898.15 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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9414.T Signals & Forecast
There are few to no technical positive signals at the moment. The Nippon BS Broadcasting 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¥892.86 and JP¥902.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -3.05%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Monday, April 15, 2024 and based on theory for this formation the price should fall by -2.10% to JP¥870.36 within 11 trading days since signal was issued (Thursday, May 23, 2024).
Support, Risk & Stop-loss for Nippon BS Broadcasting Corporation stock
Nippon BS Broadcasting Corporation finds support from accumulated volume at JP¥888.00 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¥5.00 between high and low, or 0.565%. For the last week the stock has had daily average volatility of 0.653%.
Nippon BS Broadcasting Corporation is oversold on RSI14 (24). 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 (9414.T) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Nippon BS Broadcasting Corporation to open at JP¥888.00, and during the day (based on 14 day Average True Range), to move between JP¥882.06 and JP¥895.94, which gives a possible trading interval of +/-JP¥6.94 (+/-0.78%) up or down from last closing price. If Nippon BS Broadcasting Corporation takes out the full calculated possible swing range there will be an estimated 1.56% 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¥888.00 (0.11%) than the resistance at JP¥891.00 (0.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nippon BS Broadcasting Corporation stock A Buy?
Nippon BS Broadcasting Corporation holds several negative signals and is within a narrow and 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. 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: -2.948 Sell Candidate Downgraded
Predicted Opening Price for Nippon BS Broadcasting Corporation of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| JP¥888.00 ( 0.112%) | JP¥889.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9414.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 893.00 | 0.450 % | |
| R2 | 891.09 | 0.235 % | ||
| R1 | 889.91 | 0.102 % | ||
| Current price: | 889.00 | |||
| Support | S1 | 886.09 | -0.327 % | |
| S2 | 884.91 | -0.460 % | ||
| S3 | 883.00 | -0.675 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 915.00 | 2.92 % | |
| R2 | 893.00 | 0.450 % | ||
| R1 | 891.00 | 0.225 % | ||
| Current price | 889.00 | |||
| Support | S1 | 888.00 | -0.112% | |
| S2 | 887.00 | -0.225% | ||
| S3 | 885.00 | -0.450% |
9414 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Aug 29, 2024 | JP¥0 | 0% |
| 2 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | JP¥26.00 | 2.90% |
| 3 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | JP¥20.00 | 2.10% |
| 4 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | JP¥20.00 | 1.81% |
| 5 | Aug 28, 2020 | Aug 28, 2020 | Aug 28, 2020 | JP¥20.00 | 1.87% |
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