Northeast Securities Co Ltd Stock Forecast
A very strong day for Northeast Securities Co Ltd stock price on Friday
(Updated on Apr 26, 2024)
The Northeast Securities Co Ltd stock price gained 5.44% on the last trading day (Friday, 26th Apr 2024), rising from ¥6.62 to ¥6.98. During the last trading day the stock fluctuated 4.63% from a day low at ¥6.70 to a day high of ¥7.01. The price has risen in 6 of the last 10 days and is up by 4.96% 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, 37 million more shares were traded than the day before. In total, 48 million shares were bought and sold for approximately ¥335.93 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ¥7.15 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Northeast Securities Co Ltd stock with a 90% probability to be traded between ¥5.98 and ¥7.06 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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000686.SZ Signals & Forecast
Mostly positive signals in the chart today. The Northeast Securities Co 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 ¥6.73 and ¥6.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.08%. 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 Northeast Securities Co Ltd stock
Northeast Securities Co Ltd finds support from accumulated volume at ¥6.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ¥0.310 between high and low, or 4.63%. For the last week the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: ¥6.67 (-4.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (000686.SZ) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Northeast Securities Co Ltd to open at ¥6.90, and during the day (based on 14 day Average True Range), to move between ¥6.77 and ¥7.19, which gives a possible trading interval of +/-¥0.212 (+/-3.04%) up or down from last closing price. If Northeast Securities Co Ltd takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥7.02 (0.57%) than the support at ¥6.88 (1.43%), 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.
Is Northeast Securities Co Ltd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Northeast Securities Co Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.680 Buy Candidate Upgraded
Predicted Opening Price for Northeast Securities Co Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ¥6.90 ( 1.19%) | ¥6.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000686.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.21 | 3.25 % | |
| R2 | 7.09 | 1.55 % | ||
| R1 | 7.02 | 0.503 % | ||
| Current price: | 6.98 | |||
| Support | S1 | 6.78 | -2.89 % | |
| S2 | 6.71 | -3.94 % | ||
| S3 | 6.59 | -5.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.08 | 1.43 % | |
| R2 | 7.05 | 1.00 % | ||
| R1 | 7.02 | 0.573 % | ||
| Current price | 6.98 | |||
| Support | S1 | 6.88 | -1.43% | |
| S2 | 6.68 | -4.30% | ||
| S3 | 6.65 | -4.73% |
000686 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2023 | May 31, 2023 | May 31, 2023 | ¥0.100 | 1.40% |
| 2 | May 26, 2022 | May 26, 2022 | May 26, 2022 | ¥0.100 | 1.53% |
| 3 | May 31, 2021 | May 31, 2021 | May 31, 2021 | ¥0.100 | 1.12% |
| 4 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | ¥0.100 | 1.22% |
| 5 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | ¥0.100 | 1.13% |
FAQ
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