Coca-Cola Bottlers Japan 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
Stronger technical forecast for Coca-Cola Bottlers Japan Holdings Inc. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Coca-Cola Bottlers Japan Holdings Inc. stock price gained 2.29% on the last trading day (Tuesday, 25th Jun 2024), rising from $6.11 to $6.25. During the last trading day the stock fluctuated 0.81% from a day low at $6.20 to a day high of $6.25. The price has been going up and down for this period, and there has been a 3.97% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $34.14 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.24% during the next 3 months and, with a 90% probability hold a price between $4.11 and $5.24 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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CCOJY Signals & Forecast
Mostly positive signals in the chart today. The Coca-Cola Bottlers Japan Holdings Inc. 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 $6.17 and $6.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 10.42%. 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). Coca-Cola Bottlers Japan Holdings Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Coca-Cola Bottlers Japan Holdings Inc. stock
Coca-Cola Bottlers Japan Holdings Inc. finds support from accumulated volume at $6.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0500 between high and low, or 0.81%. For the last week, the stock has had daily average volatility of 0.161%.
Our recommended stop-loss: $6.04 (-3.36%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (CCOJY) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Coca-Cola Bottlers Japan Holdings Inc. to open at $6.23, and during the day (based on 14 day Average True Range), to move between $6.17 and $6.33, which gives a possible trading interval of +/-$0.0775 (+/-1.24%) up or down from last closing price. If Coca-Cola Bottlers Japan Holdings Inc. takes out the full calculated possible swing range there will be an estimated 2.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.18 (1.12%) than the resistance at $6.85 (9.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Coca-Cola Bottlers Japan Holdings Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.369 Buy Candidate Upgraded
Predicted Opening Price for Coca-Cola Bottlers Japan Holdings Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $6.23 ( 0.267%) | $6.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCOJY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.28 | 0.533% |
| R2 | 6.26 | 0.228% |
| R1 | 6.25 | 0.0389% |
| Price | 6.25 | |
| S1 | 6.21 | -0.572% |
| S2 | 6.20 | -0.761% |
| S3 | 6.18 | -1.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.17 | 14.69% |
| R2 | 6.99 | 11.78% |
| R1 | 6.85 | 9.52% |
| Price | 6.25 | |
| S1 | 6.18 | -1.12% |
| S2 | 6.09 | -2.51% |
| S3 | 5.95 | -4.80% |
CCOJY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Mar 01, 2024 | $0.0736 | 1.08% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Apr 12, 2024 | $0.0825 | 1.15% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.0607 | 1.12% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Apr 13, 2023 | $0.0669 | 1.28% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Sep 16, 2022 | $0.0653 | 1.36% |
FAQ
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