Nikon Corp Spons ADR Stock Forecast
Nikon Corp Spons ADR stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Nikon Corp Spons ADR stock price gained 3.24% on the last trading day (Friday, 19th Apr 2024), rising from $9.56 to $9.87. During the last trading day the stock fluctuated 4.72% from a day low at $9.66 to a day high of $10.12. The price has fallen in 7 of the last 10 days and is down by -1.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $105.60 thousand.
The stock lies in the middle of a wide and weak 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 2.27% during the next 3 months and, with a 90% probability hold a price between $9.78 and $11.15 at the end of this 3-month period.
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NINOY Signals & Forecast
The Nikon Corp Spons ADR 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 $9.92 and $10.27. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.24%. Further rise is indicated until a new top pivot has been found. Nikon Corp Spons ADR 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 Nikon Corp Spons ADR stock
Nikon Corp Spons ADR finds support from accumulated volume at $9.86 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 $0.456 between high and low, or 4.72%. For the last week, the stock has had daily average volatility of 3.87%.
Our recommended stop-loss: $9.39 (-4.89%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (NINOY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Nikon Corp Spons ADR to open at $9.88, and during the day (based on 14 day Average True Range), to move between $9.48 and $10.26, which gives a possible trading interval of +/-$0.386 (+/-3.91%) up or down from last closing price. If Nikon Corp Spons ADR takes out the full calculated possible swing range there will be an estimated 7.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.86 (0.10%) than the resistance at $10.20 (3.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nikon Corp Spons ADR stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.848 Buy Candidate Upgraded
Predicted Opening Price for Nikon Corp Spons ADR of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $9.88 ( 0.122%) | $9.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NINOY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.34 | 4.74 % | |
| R2 | 10.16 | 2.98 % | ||
| R1 | 10.06 | 1.89 % | ||
| Current price: | 9.87 | |||
| Support | S1 | 9.71 | -1.64 % | |
| S2 | 9.60 | -2.73 % | ||
| S3 | 9.43 | -4.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.60 | 7.40 % | |
| R2 | 10.41 | 5.47 % | ||
| R1 | 10.20 | 3.34 % | ||
| Current price | 9.87 | |||
| Support | S1 | 9.86 | -0.101% | |
| S2 | 9.83 | -0.405% | ||
| S3 | 9.69 | -1.87% |
NINOY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Dec 15, 2023 | $0.100 | 1.03% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Jul 14, 2023 | $0.108 | 0.82% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Dec 15, 2022 | $0.0919 | 1.02% |
| 4 | Sep 28, 2021 | Sep 28, 2021 | Sep 28, 2021 | $0.176 | 1.56% |
| 5 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | $0.0903 | 0.95% |
FAQ
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