IJJ 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
Volatile ride for IJJ Corporation stock price on Monday moving between $0.0005 and $0.0005
(Updated on Apr 29, 2024)
The IJJ Corporation stock price fell by -10.00% on the last day (Monday, 29th Apr 2024) from $0.0005 to $0.0005. During the last trading day the stock fluctuated 11.11% from a day low at $0.0005 to a day high of $0.0005. The price has been going up and down for this period, and there has been a -35.71% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 million shares and in total, 822 thousand shares were bought and sold for approximately $369.86 .
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.63% during the next 3 months and, with a 90% probability hold a price between $0.0005 and $0.0010 at the end of this 3-month period.
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IJJP Signals & Forecast
There are few to no technical positive signals at the moment. The IJJ Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.0005 and $0.0005. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -35.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for IJJ Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0004 and $0.0004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0004 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.00005 between high and low, or 11.11%. For the last week the stock has had daily average volatility of 14.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IJJP) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect IJJ Corporation to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0005, which gives a possible trading interval of +/-$0.00009443 (+/-20.99%) up or down from last closing price. If IJJ Corporation takes out the full calculated possible swing range there will be an estimated 41.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0004 (11.11%) than the resistance at $0.0005 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IJJ Corporation stock A Buy?
The IJJ Corporation stock holds several negative signals and despite the positive trend, we believe IJJ Corporation will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Strong Sell candidate.
Current score: -5.767 Strong Sell Candidate Downgraded
Predicted Opening Price for IJJ Corporation of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $0.0005 ( 3.70%) | $0.0005 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IJJP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0005 | 14.81 % | |
| R2 | 0.0005 | 10.57 % | ||
| R1 | 0.0005 | 7.95 % | ||
| Current price: | 0.0005 | |||
| Support | S1 | 0.0004 | -0.541 % | |
| S2 | 0.0004 | -3.16 % | ||
| S3 | 0.0004 | -7.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0006 | 22.22 % | ||
| R1 | 0.0005 | 11.11 % | ||
| Current price | 0.0005 | |||
| Support | S1 | 0.0004 | -11.11% | |
| S2 | 0.0004 | -22.22% | ||
| S3 | 0 | . |
FAQ
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