Nippon Dry-Chemical CO.,LTD. Stock Forecast
Nippon Dry-Chemical CO.,LTD. stock price down 1.31% on Thursday
(Updated on May 02, 2024)
The Nippon Dry-Chemical CO.,LTD. stock price fell by -1.31% on the last day (Thursday, 2nd May 2024) from JP¥2,668.00 to JP¥2,633.00. During the last trading day the stock fluctuated 1.41% from a day low at JP¥2,627.00 to a day high of JP¥2,664.00. The price has been going up and down for this period, and there has been a 7.69% gain 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 -3 thousand shares and in total, 4 thousand shares were bought and sold for approximately JP¥9.74 million.
The stock lies in the middle of a wide and 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 -5.42% during the next 3 months and, with a 90% probability hold a price between JP¥2,275.85 and JP¥2,779.00 at the end of this 3-month period.
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1909.T Signals & Forecast
The Nippon Dry-Chemical CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at JP¥2,610.43 and JP¥2,612.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.40%. 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 Nippon Dry-Chemical CO.,LTD. stock
Nippon Dry-Chemical CO.,LTD. finds support from accumulated volume at JP¥2,631.00 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¥37.00 between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: JP¥2,527.68 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (1909.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Nippon Dry-Chemical CO.,LTD. to open at JP¥2,641.33, and during the day (based on 14 day Average True Range), to move between JP¥2,562.02 and JP¥2,703.98, which gives a possible trading interval of +/-JP¥70.98 (+/-2.70%) up or down from last closing price. If Nippon Dry-Chemical CO.,LTD. takes out the full calculated possible swing range there will be an estimated 5.39% 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¥2,631.00 (0.08%) than the resistance at JP¥2,697.00 (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Nippon Dry-Chemical CO.,LTD. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Nippon Dry-Chemical CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.65% in the first trading day after earnings release.
Is Nippon Dry-Chemical CO.,LTD. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.263 Buy Candidate Unchanged
Predicted Opening Price for Nippon Dry-Chemical CO.,LTD. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,641.33 ( 0.316%) | JP¥2,633.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1909.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,678.33 | 1.72 % | |
| R2 | 2,664.20 | 1.18 % | ||
| R1 | 2,655.47 | 0.85 % | ||
| Current price: | 2,633.00 | |||
| Support | S1 | 2,627.20 | -0.220 % | |
| S2 | 2,618.47 | -0.552 % | ||
| S3 | 2,604.33 | -1.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,095.00 | 17.55 % | |
| R2 | 2,723.00 | 3.42 % | ||
| R1 | 2,697.00 | 2.43 % | ||
| Current price | 2,633.00 | |||
| Support | S1 | 2,631.00 | -0.0760% | |
| S2 | 2,581.00 | -1.97% | ||
| S3 | 2,575.00 | -2.20% |
1909 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.00 | 0.167% |
| 2 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥12.50 | 0.86% |
| 3 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥17.50 | 0.98% |
| 4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥12.50 | 0.558% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥3.00 | 0.175% |
FAQ
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