SAC'S BAR HOLDINGS INC. 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
SAC'S BAR HOLDINGS INC. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on May 07, 2024)
The SAC'S BAR HOLDINGS INC. stock price fell by -1.18% on the last day (Tuesday, 7th May 2024) from JP¥850.00 to JP¥840.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.92% from a day low at JP¥835.00 to a day high of JP¥851.00. The price has fallen in 7 of the last 10 days and is down by -2.21% for this period. Volume has increased on the last day by 55 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, 83 thousand shares were bought and sold for approximately JP¥69.89 million.
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¥838.29 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect SAC'S BAR HOLDINGS INC. stock with a 90% probability to be traded between JP¥828.45 and JP¥899.38 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
9990.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SAC'S BAR HOLDINGS INC. 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¥851.57 and JP¥880.14. A break-up above any of these levels will issue buy signals. 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 Wednesday, March 27, 2024 with a target of JP¥887.95. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for SAC'S BAR HOLDINGS INC. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥16.00 (1.92%) between high and low. For the last week, the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (9990.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect SAC'S BAR HOLDINGS INC. to open at JP¥842.00, and during the day (based on 14 day Average True Range), to move between JP¥825.06 and JP¥854.94, which gives a possible trading interval of +/-JP¥14.94 (+/-1.78%) up or down from last closing price. If SAC'S BAR HOLDINGS INC. takes out the full calculated possible swing range there will be an estimated 3.56% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥869.00, some JP¥29.00 (3.45%) from the current price of JP¥840.00, our system finds the risk reward not very attractive.
Earnings coming up
SAC'S BAR HOLDINGS INC. will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for SAC'S BAR HOLDINGS INC., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.75% in the first trading day after earnings release.
Is SAC'S BAR HOLDINGS INC. stock A Buy?
SAC'S BAR HOLDINGS INC. 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. 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: -3.170 Sell Candidate Downgraded
Predicted Opening Price for SAC'S BAR HOLDINGS INC. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥842.00 ( 0.238%) | JP¥840.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9990.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 858.00 | 2.14 % | |
| R2 | 851.89 | 1.42 % | ||
| R1 | 848.11 | 0.97 % | ||
| Current price: | 840.00 | |||
| Support | S1 | 835.89 | -0.490 % | |
| S2 | 832.11 | -0.94 % | ||
| S3 | 826.00 | -1.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 915.00 | 8.93 % | |
| R2 | 908.00 | 8.10 % | ||
| R1 | 869.00 | 3.45 % | ||
| Current price | 840.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
9990 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥22.50 | 2.86% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥15.00 | 2.99% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥15.00 | 2.40% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥30.00 | 4.86% |
FAQ
Click here for our free guide on how to buy SAC'S BAR HOLDINGS INC. Stock.
