Nishimatsu Construction Co.,Ltd. Stock Forecast
Nishimatsu Construction Co.,Ltd. stock price down 0.548% on Tuesday
(Updated on May 21, 2024)
The Nishimatsu Construction Co.,Ltd. stock price fell by -0.548% on the last day (Tuesday, 21st May 2024) from JP¥4,559.00 to JP¥4,534.00. During the last trading day the stock fluctuated 1.59% from a day low at JP¥4,533.00 to a day high of JP¥4,605.00. The price has been going up and down for this period, and there has been a -2.79% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -35 thousand shares and in total, 148 thousand shares were bought and sold for approximately JP¥670.13 million.
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 Nishimatsu Construction Co.,Ltd. stock with a 90% probability to be traded between JP¥4,370.48 and JP¥4,718.73 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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1820.T Signals & Forecast
The Nishimatsu Construction 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¥4,540.14. On a fall, the stock will find some support from the long-term average at approximately JP¥4,497.20. 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 Wednesday, May 15, 2024, and so far it has risen 1.91%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Nishimatsu Construction Co.,Ltd. stock
Nishimatsu Construction Co.,Ltd. finds support from accumulated volume at JP¥4,477.00 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¥72.00 (1.59%) between high and low. For the last week, the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: JP¥4,285.31 (-5.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (1820.T) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Nishimatsu Construction Co.,Ltd. to open at JP¥4,557.33, and during the day (based on 14 day Average True Range), to move between JP¥4,433.37 and JP¥4,634.63, which gives a possible trading interval of +/-JP¥100.63 (+/-2.22%) up or down from last closing price. If Nishimatsu Construction Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 4.44% 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¥4,543.00 (0.20%) than the support at JP¥4,477.00 (1.26%), 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 Nishimatsu Construction 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 Nishimatsu Construction Co.,Ltd. stock to perform well in the short-term period.
Current score: 2.576 Buy Candidate Unchanged
Predicted Opening Price for Nishimatsu Construction Co.,Ltd. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| JP¥4,557.33 ( 0.515%) | JP¥4,534.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1820.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,629.33 | 2.10 % | |
| R2 | 4,601.83 | 1.50 % | ||
| R1 | 4,584.84 | 1.12 % | ||
| Current price: | 4,534.00 | |||
| Support | S1 | 4,529.83 | -0.0920 % | |
| S2 | 4,512.84 | -0.467 % | ||
| S3 | 4,485.33 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,676.00 | 3.13 % | |
| R2 | 4,568.00 | 0.750 % | ||
| R1 | 4,543.00 | 0.199 % | ||
| Current price | 4,534.00 | |||
| Support | S1 | 4,477.00 | -1.26% | |
| S2 | 4,454.00 | -1.76% | ||
| S3 | 4,437.00 | -2.14% |
1820 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | JP¥0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥81.00 | 2.38% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥140.00 | 3.55% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥131.00 | 3.51% |
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