NSRD/Shs A Vtg 1.00 Stock Forecast
NSRD/Shs A Vtg 1.00 stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The NSRD/Shs A Vtg 1.00 stock price gained 0.439% on the last trading day (Friday, 17th May 2024), rising from ¥9.12 to ¥9.16. During the last trading day the stock fluctuated 2.98% from a day low at ¥9.06 to a day high of ¥9.33. The price has risen in 7 of the last 10 days and is up by 3.85% 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, 776 thousand more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately ¥125.36 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 19.08% during the next 3 months and, with a 90% probability hold a price between ¥10.25 and ¥13.02 at the end of this 3-month period.
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000037.SZ Signals & Forecast
Mostly positive signals in the chart today. The NSRD/Shs A Vtg 1.00 stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥9.37. On a fall, the stock will find some support from the long-term average at approximately ¥9.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 12.25%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for NSRD/Shs A Vtg 1.00 stock
NSRD/Shs A Vtg 1.00 finds support from accumulated volume at ¥8.96 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 ¥0.270 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 4.73%.
Our recommended stop-loss: ¥8.76 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (000037.SZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NSRD/Shs A Vtg 1.00 to open at ¥9.18, and during the day (based on 14 day Average True Range), to move between ¥8.53 and ¥9.79, which gives a possible trading interval of +/-¥0.629 (+/-6.87%) 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 13.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥8.96 (2.18%) than the resistance at ¥9.73 (6.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NSRD/Shs A Vtg 1.00 stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NSRD/Shs A Vtg 1.00 stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.656 Buy Candidate Upgraded
Predicted Opening Price for NSRD/Shs A Vtg 1.00 of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ¥9.18 ( 0.255%) | ¥9.16 |
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 | 9.45 | 3.20 % | |
| R2 | 9.35 | 2.08 % | ||
| R1 | 9.29 | 1.38 % | ||
| Current price: | 9.16 | |||
| Support | S1 | 9.08 | -0.87 % | |
| S2 | 9.02 | -1.57 % | ||
| S3 | 8.91 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.22 | 11.57 % | |
| R2 | 9.82 | 7.21 % | ||
| R1 | 9.73 | 6.22 % | ||
| Current price | 9.16 | |||
| Support | S1 | 8.96 | -2.18% | |
| S2 | 8.87 | -3.17% | ||
| S3 | 8.58 | -6.33% |
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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