ISB 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
Green day on Thursday for ISB CORPORATION stock after gaining 0.432%
(Updated on May 02, 2024)
The ISB CORPORATION stock price gained 0.432% on the last trading day (Thursday, 2nd May 2024), rising from JP¥1,388.00 to JP¥1,394.00. During the last trading day the stock fluctuated 1.52% from a day low at JP¥1,381.00 to a day high of JP¥1,402.00. The price has been going up and down for this period, and there has been a 10.99% gain for the last 2 weeks. Volume fell on the last day by -175 thousand shares and in total, 60 thousand shares were bought and sold for approximately JP¥83.08 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -13.49% during the next 3 months and, with a 90% probability hold a price between JP¥1,047.17 and JP¥1,205.89 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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9702.T Signals & Forecast
The ISB CORPORATION stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥1,321.71 and JP¥1,332.54. 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 12.42%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for ISB CORPORATION stock
ISB CORPORATION finds support from accumulated volume at JP¥1,388.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥21.00 (1.52%) between high and low. For the last week, the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: JP¥1,350.51 (-3.12%) (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 (9702.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ISB CORPORATION to open at JP¥1,392.33, and during the day (based on 14 day Average True Range), to move between JP¥1,359.20 and JP¥1,428.80, which gives a possible trading interval of +/-JP¥34.80 (+/-2.50%) up or down from last closing price. If ISB CORPORATION takes out the full calculated possible swing range there will be an estimated 4.99% 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¥1,388.00 (0.43%) than the resistance at JP¥1,403.00 (0.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ISB CORPORATION stock A Buy?
ISB CORPORATION holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ISB CORPORATION of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥1,392.33 ( 0.120%) | JP¥1,394.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9702.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,413.33 | 1.39 % | |
| R2 | 1,405.31 | 0.81 % | ||
| R1 | 1,400.36 | 0.456 % | ||
| Current price: | 1,394.00 | |||
| Support | S1 | 1,384.31 | -0.695 % | |
| S2 | 1,379.36 | -1.05 % | ||
| S3 | 1,371.33 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,571.00 | 12.70 % | |
| R2 | 1,418.00 | 1.72 % | ||
| R1 | 1,403.00 | 0.646 % | ||
| Current price | 1,394.00 | |||
| Support | S1 | 1,388.00 | -0.430% | |
| S2 | 1,386.00 | -0.574% | ||
| S3 | 1,335.00 | -4.23% |
9702 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | JP¥0 | 0% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥40.00 | 3.55% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥30.00 | 2.94% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥5.00 | 0.335% |
FAQ
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