NSRD/Shs A Vtg 1.00 Stock Forecast
NSRD/Shs A Vtg 1.00 stock downgraded to Sell Candidate
(Updated on Apr 30, 2024)
The NSRD/Shs A Vtg 1.00 stock price fell by -1.12% on the last day (Tuesday, 30th Apr 2024) from ¥8.92 to ¥8.82. During the last trading day the stock fluctuated 7.35% from a day low at ¥8.43 to a day high of ¥9.05. The price has been going up and down for this period, and there has been a -0.45% 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, 15 million shares were bought and sold for approximately ¥128.37 million.
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 18.82% during the next 3 months and, with a 90% probability hold a price between ¥9.56 and ¥12.63 at the end of this 3-month period.
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000037.SZ Signals & Forecast
There are mixed signals in the stock today. The NSRD/Shs A Vtg 1.00 stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥8.86. On a fall, the stock will find some support from the short-term average at ¥8.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -13.70%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for NSRD/Shs A Vtg 1.00 stock
NSRD/Shs A Vtg 1.00 finds support from accumulated volume at ¥8.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.620 between high and low, or 7.35%. For the last week, the stock has had daily average volatility of 5.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (000037.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect NSRD/Shs A Vtg 1.00 to open at ¥8.77, and during the day (based on 14 day Average True Range), to move between ¥8.05 and ¥9.59, which gives a possible trading interval of +/-¥0.774 (+/-8.78%) up or down from last closing price. If NSRD/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 17.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥8.96 (1.59%) than the support at ¥8.58 (2.72%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
NSRD/Shs A Vtg 1.00 will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for NSRD/Shs A Vtg 1.00, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.34% in the first trading day after earnings release.
Is NSRD/Shs A Vtg 1.00 stock A Buy?
NSRD/Shs A Vtg 1.00 holds several negative signals and we believe that 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: -3.576 Sell Candidate Downgraded
Predicted Opening Price for NSRD/Shs A Vtg 1.00 of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥8.77 ( 0.605%) | ¥8.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000037.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.39 | 6.42 % | |
| R2 | 9.15 | 3.74 % | ||
| R1 | 9.00 | 2.08 % | ||
| Current price: | 8.82 | |||
| Support | S1 | 8.53 | -3.29 % | |
| S2 | 8.38 | -4.95 % | ||
| S3 | 8.15 | -7.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.21 | 15.76 % | |
| R2 | 9.82 | 11.34 % | ||
| R1 | 8.96 | 1.59 % | ||
| Current price | 8.82 | |||
| Support | S1 | 8.58 | -2.72% | |
| S2 | 7.88 | -10.66% | ||
| S3 | 7.81 | -11.45% |
000037 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2020 | May 15, 2020 | May 15, 2020 | ¥0.0200 | 0.167% |
| 2 | Jul 04, 2008 | Jul 04, 2008 | Jul 04, 2008 | ¥0.0300 | 0.562% |
| 3 | Mar 28, 2006 | Mar 28, 2006 | Mar 28, 2006 | ¥0.306 | 7.04% |
| 4 | May 24, 2005 | May 24, 2005 | May 24, 2005 | ¥0.368 | 6.40% |
| 5 | Jun 10, 2004 | Jun 10, 2004 | Jun 10, 2004 | ¥0.345 | 3.25% |
FAQ
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