Nippon Suisan Kaisha,Ltd. Stock Forecast

Nippon Suisan Kaisha,Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)

1332.T Signals & Forecast

The Nippon Suisan Kaisha,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 JP¥951.54 and JP¥952.78. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.18%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, April 30, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Nippon Suisan Kaisha,Ltd. stock

Nippon Suisan Kaisha,Ltd. finds support from accumulated volume at JP¥951.10 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 JP¥16.00 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 1.44%.

Our recommended stop-loss: JP¥914.56 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (1332.T) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Nippon Suisan Kaisha,Ltd. to open at JP¥953.23, and during the day (based on 14 day Average True Range), to move between JP¥935.53 and JP¥971.87, which gives a possible trading interval of +/-JP¥18.17 (+/-1.90%) up or down from last closing price. If Nippon Suisan Kaisha,Ltd. takes out the full calculated possible swing range there will be an estimated 3.81% 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¥951.10 (0.27%) than the resistance at JP¥960.10 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nippon Suisan Kaisha,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 Nippon Suisan Kaisha,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 Hold/Accumulate to a Buy candidate.

Current score: 2.382 Buy Candidate Upgraded

Predicted Opening Price for Nippon Suisan Kaisha,Ltd. of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.