Daiwa House Ind 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
Daiwa House Ind Ltd stock price ended at $28.92 on Monday, after gaining 0.591%.
(Updated on May 06, 2024)
The Daiwa House Ind Ltd stock price gained 0.591% on the last trading day (Monday, 6th May 2024), rising from $28.75 to $28.92. 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 5.70% from a day low at $28.26 to a day high of $29.87. The price has risen in 6 of the last 10 days and is up by 3.66% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 40 thousand shares were bought and sold for approximately $1.15 million.
The stock lies in the middle of a 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 -3.73% during the next 3 months and, with a 90% probability hold a price between $26.17 and $28.64 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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DWAHY Signals & Forecast
Mostly positive signals in the chart today. The Daiwa House Ind Ltd 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 $28.27 and $28.76. 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 5.59%. 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). Daiwa House Ind Ltd 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Daiwa House Ind Ltd stock
Daiwa House Ind Ltd finds support from accumulated volume at $28.87 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 $1.61 (5.70%) between high and low. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: $27.56 (-4.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (DWAHY) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Daiwa House Ind Ltd to open at $29.02, and during the day (based on 14 day Average True Range), to move between $27.86 and $29.98, which gives a possible trading interval of +/-$1.06 (+/-3.68%) up or down from last closing price. If Daiwa House Ind Ltd takes out the full calculated possible swing range there will be an estimated 7.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.87 (0.17%) than the resistance at $29.06 (0.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Daiwa House Ind Ltd will release earnings -- on Friday, May 10, 2024. We will update the financials statements for Daiwa House Ind Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.64% in the first trading day after earnings release.
Is Daiwa House Ind Ltd 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.
Current score: 3.088 Buy Candidate Unchanged
Predicted Opening Price for Daiwa House Ind Ltd of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $29.02 ( 0.334%) | $28.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DWAHY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.63 | 5.90 % | |
| R2 | 30.01 | 3.77 % | ||
| R1 | 29.63 | 2.46 % | ||
| Current price: | 28.92 | |||
| Support | S1 | 28.40 | -1.79 % | |
| S2 | 28.02 | -3.11 % | ||
| S3 | 27.41 | -5.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.75 | 2.87 % | |
| R2 | 29.08 | 0.553 % | ||
| R1 | 29.06 | 0.484 % | ||
| Current price | 28.92 | |||
| Support | S1 | 28.87 | -0.173% | |
| S2 | 28.81 | -0.380% | ||
| S3 | 28.20 | -2.49% |
DWAHY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 19, 2023 | $0.289 | 1.01% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 17, 2023 | $0.356 | 1.35% |
| 3 | Aug 29, 2022 | Sep 29, 2022 | Dec 19, 2022 | $0.320 | 1.39% |
| 4 | Mar 29, 2022 | Mar 29, 2022 | Jul 15, 2022 | $0.519 | 2.26% |
| 5 | Sep 28, 2021 | Sep 28, 2021 | Dec 20, 2021 | $0.485 | 1.69% |
FAQ
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