Nippon Aqua Co.,Ltd. Stock Forecast
Nippon Aqua Co.,Ltd. stock downgraded to Hold/Accumulate
(Updated on Jun 26, 2024)
The Nippon Aqua Co.,Ltd. stock price fell by -0.539% on the last day (Wednesday, 26th Jun 2024) from JP¥927.00 to JP¥922.00. During the last trading day the stock fluctuated 2.17% from a day low at JP¥920.00 to a day high of JP¥940.00. The price has risen in 5 of the last 10 days but is still down by -0.32% for this period. Volume has increased on the last day by 78 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 110 thousand shares were bought and sold for approximately JP¥101.42 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥943.26 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.07% during the next 3 months and, with a 90% probability hold a price between JP¥729.24 and JP¥838.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1429.T Signals & Forecast
The Nippon Aqua Co.,Ltd. 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 JP¥923.29. On a fall, the stock will find some support from the long-term average at approximately JP¥907.11. 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 Thursday, May 30, 2024, and so far it has risen 7.71%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Nippon Aqua Co.,Ltd. stock
Nippon Aqua Co.,Ltd. finds support from accumulated volume at JP¥886.00 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 JP¥20.00 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: JP¥896.00 (-2.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (1429.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Nippon Aqua Co.,Ltd. to open at JP¥927.33, and during the day (based on 14 day Average True Range), to move between JP¥898.25 and JP¥945.75, which gives a possible trading interval of +/-JP¥23.75 (+/-2.58%) up or down from last closing price. If Nippon Aqua Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at JP¥948.00 (2.82%) than the support at JP¥886.00 (3.90%), 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 Nippon Aqua Co.,Ltd. stock A Buy?
Nippon Aqua Co.,Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.731 Hold/Accumulate Downgraded
Predicted Opening Price for Nippon Aqua Co.,Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥927.33 ( 0.578%) | JP¥922.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1429.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 947.33 | 2.75% |
| R2 | 939.69 | 1.92% |
| R1 | 934.97 | 1.41% |
| Price | 922.00 | |
| S1 | 919.69 | -0.250% |
| S2 | 914.97 | -0.762% |
| S3 | 907.33 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 979.00 | 6.18% |
| R2 | 966.00 | 4.77% |
| R1 | 948.00 | 2.82% |
| Price | 922.00 | |
| S1 | 886.00 | -3.90% |
| S2 | 868.00 | -5.86% |
| S3 | 856.00 | -7.16% |
1429 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2024 | Dec 27, 2024 | Dec 27, 2024 | JP¥0 | 0% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Mar 29, 2024 | JP¥32.00 | 3.03% |
| 3 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | JP¥24.00 | 2.93% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | JP¥20.00 | 2.94% |
| 5 | Dec 29, 2020 | Dec 29, 2020 | Dec 29, 2020 | JP¥17.00 | 2.62% |
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