THE NIPPON ROAD CO.,LTD. Stock Forecast
THE NIPPON ROAD CO.,LTD. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The THE NIPPON ROAD CO.,LTD. stock price gained 4.38% on the last trading day (Friday, 31st May 2024), rising from JP¥1,735.00 to JP¥1,811.00. During the last trading day the stock fluctuated 3.89% from a day low at JP¥1,746.00 to a day high of JP¥1,814.00. The price has been going up and down for this period, and there has been a 0.78% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 146 thousand more shares were traded than the day before. In total, 174 thousand shares were bought and sold for approximately JP¥314.39 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.26% during the next 3 months and, with a 90% probability hold a price between JP¥1,536.09 and JP¥1,643.59 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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1884.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 4.38%. Further rise is indicated until a new top pivot has been found. 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. The THE NIPPON ROAD CO.,LTD. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at JP¥1,827.77. On a fall, the stock will find some support from the short-term average at JP¥1,753.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for THE NIPPON ROAD CO.,LTD. stock
THE NIPPON ROAD CO.,LTD. finds support from accumulated volume at JP¥1,810.00 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¥68.00 between high and low, or 3.89%. For the last week, the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: JP¥1,708.46 (-5.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (1884.T) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect THE NIPPON ROAD CO.,LTD. to open at JP¥1,790.33, and during the day (based on 14 day Average True Range), to move between JP¥1,775.92 and JP¥1,846.08, which gives a possible trading interval of +/-JP¥35.08 (+/-1.94%) up or down from last closing price. If THE NIPPON ROAD CO.,LTD. takes out the full calculated possible swing range there will be an estimated 3.87% 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¥1,810.00 (0.06%) than the resistance at JP¥1,891.00 (4.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is THE NIPPON ROAD CO.,LTD. stock A Buy?
THE NIPPON ROAD 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.319 Hold/Accumulate Upgraded
Predicted Opening Price for THE NIPPON ROAD CO.,LTD. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| JP¥1,790.33 ( 1.14%) | JP¥1,811.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1884.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,858.33 | 2.61 % | |
| R2 | 1,832.36 | 1.18 % | ||
| R1 | 1,816.31 | 0.293 % | ||
| Current price: | 1,811.00 | |||
| Support | S1 | 1,764.36 | -2.58 % | |
| S2 | 1,748.31 | -3.46 % | ||
| S3 | 1,722.33 | -4.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,943.00 | 7.29 % | |
| R2 | 1,910.00 | 5.47 % | ||
| R1 | 1,891.00 | 4.42 % | ||
| Current price | 1,811.00 | |||
| Support | S1 | 1,810.00 | -0.0552% | |
| S2 | 1,809.00 | -0.110% | ||
| S3 | 1,801.00 | -0.552% |
1884 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥100.00 | 6.92% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥210.00 | 12.30% |
| 4 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥260.00 | 15.68% |
| 5 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥180.00 | 13.08% |
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