TOKAI LEASE CO.,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
TOKAI LEASE CO.,LTD. stock price up 3.46% on Friday
(Updated on May 17, 2024)
The TOKAI LEASE CO.,LTD. stock price gained 3.46% on the last trading day (Friday, 17th May 2024), rising from JP¥1,705.00 to JP¥1,764.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.18% from a day low at JP¥1,700.00 to a day high of JP¥1,771.00. The price has risen in 8 of the last 10 days and is up by 28.2% over the past 2 weeks. Volume fell on the last day by -179 thousand shares and in total, 61 thousand shares were bought and sold for approximately JP¥107.96 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 horizontal trend, you can expect TOKAI LEASE CO.,LTD. stock with a 90% probability to be traded between JP¥1,377.84 and JP¥1,782.76 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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9761.T Signals & Forecast
Mostly positive signals in the chart today. The TOKAI LEASE CO.,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¥1,533.00 and JP¥1,416.11. 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 29.90%. 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 TOKAI LEASE CO.,LTD. stock
TOKAI LEASE CO.,LTD. finds support from accumulated volume at JP¥1,705.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved JP¥71.00 between high and low, or 4.18%. For the last week, the stock has had daily average volatility of 1.93%.
The TOKAI LEASE CO.,LTD. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: JP¥1,715.20 (-2.77%) (This stock has high daily movements and this gives high risk. The RSI14 is 97 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (9761.T) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TOKAI LEASE CO.,LTD. to open at JP¥1,745.00, and during the day (based on 14 day Average True Range), to move between JP¥1,726.20 and JP¥1,801.80, which gives a possible trading interval of +/-JP¥37.80 (+/-2.14%) up or down from last closing price. If TOKAI LEASE CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥1,705.00, some JP¥59.00 (3.34%) from the current price of JP¥1,764.00, our system finds the risk reward attractive.
Is TOKAI LEASE CO.,LTD. stock A Buy?
TOKAI LEASE CO.,LTD. holds several positive signals and is considered to be a good choice at current levels. We expect the TOKAI LEASE CO.,LTD. stock to perform great in the short-term period.
Current score: 6.941 Strong Buy Candidate Unchanged
Predicted Opening Price for TOKAI LEASE CO.,LTD. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥1,745.00 ( 1.08%) | JP¥1,764.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9761.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,816.00 | 2.95 % | |
| R2 | 1,788.88 | 1.41 % | ||
| R1 | 1,772.12 | 0.460 % | ||
| Current price: | 1,764.00 | |||
| Support | S1 | 1,717.88 | -2.61 % | |
| S2 | 1,701.12 | -3.56 % | ||
| S3 | 1,674.00 | -5.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,764.00 | |||
| Support | S1 | 1,705.00 | -3.34% | |
| S2 | 1,695.00 | -3.91% | ||
| S3 | 1,451.00 | -17.74% |
9761 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | JP¥20.00 | 1.51% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 2.23% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥40.00 | 2.71% |
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