Maruha Nichiro Corporation Stock Forecast
Stronger technical forecast for Maruha Nichiro Corporation stock price after Thursday trading.
(Updated on May 02, 2024)
The Maruha Nichiro Corporation stock price gained 2.01% on the last trading day (Thursday, 2nd May 2024), rising from JP¥3,083.00 to JP¥3,145.00. During the last trading day the stock fluctuated 2.34% from a day low at JP¥3,073.00 to a day high of JP¥3,145.00. The price has risen in 8 of the last 10 days and is up by 6.5% 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, 73 thousand more shares were traded than the day before. In total, 176 thousand shares were bought and sold for approximately JP¥552.58 million.
Given the current short-term trend, the stock is expected to rise 4.58% during the next 3 months and, with a 90% probability hold a price between JP¥3,040.23 and JP¥3,289.20 at the end of this 3-month period.
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1333.T Signals & Forecast
Mostly positive signals in the chart today. The Maruha Nichiro Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥3,083.43 and JP¥3,001.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 11.23%. 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 Maruha Nichiro Corporation stock
Maruha Nichiro Corporation finds support from accumulated volume at JP¥3,051.00 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¥72.00 between high and low, or 2.34%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: JP¥3,028.64 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (1333.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Maruha Nichiro Corporation to open at JP¥3,121.00, and during the day (based on 14 day Average True Range), to move between JP¥3,083.99 and JP¥3,206.01, which gives a possible trading interval of +/-JP¥61.01 (+/-1.94%) up or down from last closing price. If Maruha Nichiro Corporation takes out the full calculated possible swing range there will be an estimated 3.88% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥3,051.00, some JP¥94.00 (2.99%) from the current price of JP¥3,145.00, our system finds the risk reward attractive.
Earnings coming up
Maruha Nichiro Corporation will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Maruha Nichiro Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.79% in the first trading day after earnings release.
Is Maruha Nichiro Corporation stock A Buy?
Maruha Nichiro Corporation holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.222 Strong Buy Candidate Upgraded
Predicted Opening Price for Maruha Nichiro Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥3,121.00 ( 0.763%) | JP¥3,145.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1333.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,193.00 | 1.53 % | |
| R2 | 3,165.50 | 0.652 % | ||
| R1 | 3,148.50 | 0.111 % | ||
| Current price: | 3,145.00 | |||
| Support | S1 | 3,093.50 | -1.64 % | |
| S2 | 3,076.50 | -2.18 % | ||
| S3 | 3,049.00 | -3.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3,145.00 | |||
| Support | S1 | 3,051.00 | -2.99% | |
| S2 | 3,008.00 | -4.36% | ||
| S3 | 2,829.00 | -10.05% |
1333 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥65.00 | 2.75% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥55.00 | 2.25% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥40.00 | 1.49% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥40.00 | 1.72% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥40.00 | 1.00% |
FAQ
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