NIPPON DENSETSU KOGYO CO.,LTD. Stock Forecast
Green day on Wednesday for NIPPON DENSETSU KOGYO CO.,LTD.
(Updated on Apr 24, 2024)
The NIPPON DENSETSU KOGYO CO.,LTD. stock price gained 1.61% on the last trading day (Wednesday, 24th Apr 2024), rising from JP¥2,116.00 to JP¥2,150.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.03% from a day low at JP¥2,114.00 to a day high of JP¥2,157.00. The price has risen in 6 of the last 10 days but is still down by -0.14% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 38 thousand shares were bought and sold for approximately JP¥82.35 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.63% during the next 3 months and, with a 90% probability hold a price between JP¥2,094.68 and JP¥2,303.17 at the end of this 3-month period.
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1950.T Signals & Forecast
The NIPPON DENSETSU KOGYO CO.,LTD. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at JP¥2,123.86 and JP¥2,079.06. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -1.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for NIPPON DENSETSU KOGYO CO.,LTD. stock
NIPPON DENSETSU KOGYO CO.,LTD. finds support from accumulated volume at JP¥2,093.00 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¥43.00 (2.03%) between high and low. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: JP¥2,058.52 (-4.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (1950.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect NIPPON DENSETSU KOGYO CO.,LTD. to open at JP¥2,140.33, and during the day (based on 14 day Average True Range), to move between JP¥2,101.65 and JP¥2,198.35, which gives a possible trading interval of +/-JP¥48.35 (+/-2.25%) up or down from last closing price. If NIPPON DENSETSU KOGYO CO.,LTD. takes out the full calculated possible swing range there will be an estimated 4.50% 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¥2,163.00 (0.60%) than the support at JP¥2,093.00 (2.65%), 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.
Earnings coming up
NIPPON DENSETSU KOGYO CO.,LTD. will release earnings BMO on Tuesday, April 30, 2024. We will update the financials statements for NIPPON DENSETSU KOGYO CO.,LTD., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.66% in the first trading day after earnings release.
Is NIPPON DENSETSU KOGYO CO.,LTD. stock A Buy?
NIPPON DENSETSU KOGYO 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.
Current score: 0.910 Hold/Accumulate Unchanged
Predicted Opening Price for NIPPON DENSETSU KOGYO CO.,LTD. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥2,140.33 ( 0.450%) | JP¥2,150.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1950.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,183.33 | 1.55 % | |
| R2 | 2,166.91 | 0.786 % | ||
| R1 | 2,156.76 | 0.314 % | ||
| Current price: | 2,150.00 | |||
| Support | S1 | 2,123.91 | -1.21 % | |
| S2 | 2,113.76 | -1.69 % | ||
| S3 | 2,097.33 | -2.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,190.00 | 1.86 % | |
| R2 | 2,164.00 | 0.651 % | ||
| R1 | 2,163.00 | 0.605 % | ||
| Current price | 2,150.00 | |||
| Support | S1 | 2,093.00 | -2.65% | |
| S2 | 2,042.00 | -5.02% | ||
| S3 | 1,987.00 | -7.58% |
1950 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.00 | 0.192% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥31.00 | 1.94% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥37.00 | 1.88% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥37.00 | 1.69% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥35.00 | 1.49% |
FAQ
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