Nikko Exchange Traded Index Fund 225 Stock Forecast
Weaker technical forecast for Nikko Exchange Traded Index Fund 225 as stock downgraded to Sell Candidate.
(Updated on May 10, 2024)
The Nikko Exchange Traded Index Fund 225 stock price gained 0.477% on the last trading day (Friday, 10th May 2024), rising from JP¥39,810.00 to JP¥40,000.00. During the last trading day the stock fluctuated 1.63% from a day low at JP¥39,860.00 to a day high of JP¥40,510.00. The price has been going up and down for this period, and there has been a 1.68% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately JP¥1.18 billion.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nikko Exchange Traded Index Fund 225 stock with a 90% probability to be traded between JP¥38,274.68 and JP¥41,796.39 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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1330.T Signals & Forecast
There are mixed signals in the stock today. The Nikko Exchange Traded Index Fund 225 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 JP¥40,054.29 and JP¥40,810.00. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.12%. 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 Nikko Exchange Traded Index Fund 225 stock
Nikko Exchange Traded Index Fund 225 finds support from accumulated volume at JP¥39,960.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥650.00 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1330.T) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Nikko Exchange Traded Index Fund 225 to open at JP¥40,123.33, and during the day (based on 14 day Average True Range), to move between JP¥39,373.87 and JP¥40,626.13, which gives a possible trading interval of +/-JP¥626.13 (+/-1.57%) up or down from last closing price. If Nikko Exchange Traded Index Fund 225 takes out the full calculated possible swing range there will be an estimated 3.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at JP¥39,960.00 (0.10%) than the resistance at JP¥40,200.00 (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nikko Exchange Traded Index Fund 225 stock A Buy?
Nikko Exchange Traded Index Fund 225 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: -2.937 Sell Candidate Downgraded
Predicted Opening Price for Nikko Exchange Traded Index Fund 225 of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| JP¥40,123.33 ( 0.308%) | JP¥40,000.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1330.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40,773.33 | 1.93 % | |
| R2 | 40,525.03 | 1.31 % | ||
| R1 | 40,371.63 | 0.93 % | ||
| Current price: | 40,000.00 | |||
| Support | S1 | 39,875.03 | -0.312 % | |
| S2 | 39,721.63 | -0.696 % | ||
| S3 | 39,473.33 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40,790.00 | 1.98 % | |
| R2 | 40,370.00 | 0.93 % | ||
| R1 | 40,200.00 | 0.500 % | ||
| Current price | 40,000.00 | |||
| Support | S1 | 39,960.00 | -0.100% | |
| S2 | 39,800.00 | -0.500% | ||
| S3 | 38,790.00 | -3.03% |
1330 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 08, 2023 | Jul 08, 2023 | Jul 08, 2023 | JP¥555.60 | 1.74% |
| 2 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | JP¥494.00 | 1.81% |
| 3 | Jul 08, 2021 | Jul 08, 2021 | Jul 08, 2021 | JP¥359.90 | 1.24% |
| 4 | Jul 08, 2020 | Jul 08, 2020 | Jul 08, 2020 | JP¥393.90 | 1.71% |
| 5 | Jul 08, 2019 | Jul 08, 2019 | Jul 08, 2019 | JP¥414.00 | 1.88% |
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