NIHON HOUSE HOLDINGS CO.,LTD. Stock Forecast
NIHON HOUSE HOLDINGS CO.,LTD. stock price ended at JP¥312.00 on Tuesday, after losing 0.319%.
(Updated on May 07, 2024)
The NIHON HOUSE HOLDINGS CO.,LTD. stock price fell by -0.319% on the last day (Tuesday, 7th May 2024) from JP¥313.00 to JP¥312.00. During the last trading day the stock fluctuated 0.643% from a day low at JP¥311.00 to a day high of JP¥313.00. The price has fallen in 5 of the last 10 days and is down by -4% for this period. Volume has increased on the last day by 8 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, 57 thousand shares were bought and sold for approximately JP¥17.78 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at JP¥314.06. A reaction back to this level may hold a second chance to get out before further falls.
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1873.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NIHON HOUSE HOLDINGS CO.,LTD. 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¥315.86 and JP¥329.89. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 NIHON HOUSE HOLDINGS CO.,LTD. stock
NIHON HOUSE HOLDINGS CO.,LTD. finds support from accumulated volume at JP¥306.00 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¥2.00 between high and low, or 0.643%. For the last week, the stock has had daily average volatility of 1.29%.
NIHON HOUSE HOLDINGS CO.,LTD. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1873.T) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect NIHON HOUSE HOLDINGS CO.,LTD. to open at JP¥312.00, and during the day (based on 14 day Average True Range), to move between JP¥306.08 and JP¥317.92, which gives a possible trading interval of +/-JP¥5.92 (+/-1.90%) up or down from last closing price. If NIHON HOUSE HOLDINGS CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.79% 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¥306.00 (1.92%) than the resistance at JP¥324.00 (3.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NIHON HOUSE HOLDINGS CO.,LTD. stock A Buy?
The NIHON HOUSE HOLDINGS CO.,LTD. stock holds several negative signals and despite the positive trend, we believe NIHON HOUSE HOLDINGS CO.,LTD. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.987 Sell Candidate Unchanged
Predicted Opening Price for NIHON HOUSE HOLDINGS CO.,LTD. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| JP¥312.00 ( 0%) | JP¥312.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1873.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 314.00 | 0.641 % | |
| R2 | 313.24 | 0.396 % | ||
| R1 | 312.76 | 0.245 % | ||
| Current price: | 312.00 | |||
| Support | S1 | 311.24 | -0.245 % | |
| S2 | 310.76 | -0.396 % | ||
| S3 | 310.00 | -0.641 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 348.00 | 11.54 % | |
| R2 | 346.00 | 10.90 % | ||
| R1 | 324.00 | 3.85 % | ||
| Current price | 312.00 | |||
| Support | S1 | 306.00 | -1.92% | |
| S2 | 301.00 | -3.53% | ||
| S3 | 300.00 | -3.85% |
1873 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 26, 2024 | JP¥0 | 0% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | JP¥6.00 | 1.55% |
| 3 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | JP¥10.00 | 2.30% |
| 4 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | JP¥10.00 | 2.44% |
| 5 | Oct 28, 2021 | Oct 28, 2021 | Oct 28, 2021 | JP¥10.00 | 2.62% |
FAQ
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