NIPPON DENSETSU KOGYO CO.,LTD. Stock Forecast
NIPPON DENSETSU KOGYO CO.,LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The NIPPON DENSETSU KOGYO CO.,LTD. stock price fell by -0.707% on the last day (Wednesday, 26th Jun 2024) from JP¥1,980.00 to JP¥1,966.00. During the last trading day the stock fluctuated 1.17% from a day low at JP¥1,960.00 to a day high of JP¥1,983.00. The price has risen in 6 of the last 10 days and is up by 1.08% over the past 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 -26 thousand shares and in total, 41 thousand shares were bought and sold for approximately JP¥81.00 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 -10.96% during the next 3 months and, with a 90% probability hold a price between JP¥1,652.58 and JP¥1,791.61 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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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, 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¥1,951.57 and JP¥1,961.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 4.35%. 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 DENSETSU KOGYO CO.,LTD. stock
NIPPON DENSETSU KOGYO CO.,LTD. finds support from accumulated volume at JP¥1,953.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved JP¥23.00 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: JP¥1,890.11 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (1950.T) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect NIPPON DENSETSU KOGYO CO.,LTD. to open at JP¥1,969.67, and during the day (based on 14 day Average True Range), to move between JP¥1,927.51 and JP¥2,004.49, which gives a possible trading interval of +/-JP¥38.49 (+/-1.96%) 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 3.92% 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¥1,953.00 (0.66%) than the resistance at JP¥1,991.00 (1.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NIPPON DENSETSU KOGYO 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.324 Buy Candidate Upgraded
Predicted Opening Price for NIPPON DENSETSU KOGYO CO.,LTD. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| JP¥1,969.67 ( 0.187%) | JP¥1,966.00 |
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 | |
|---|---|---|
| R3 | 1,992.67 | 1.36% |
| R2 | 1,983.88 | 0.91% |
| R1 | 1,978.45 | 0.633% |
| Price | 1,966.00 | |
| S1 | 1,960.88 | -0.260% |
| S2 | 1,955.45 | -0.536% |
| S3 | 1,946.67 | -0.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,042.00 | 3.87% |
| R2 | 2,013.00 | 2.39% |
| R1 | 1,991.00 | 1.27% |
| Price | 1,966.00 | |
| S1 | 1,953.00 | -0.661% |
| S2 | 1,940.00 | -1.32% |
| S3 | 1,904.00 | -3.15% |
1950 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2025 | Mar 28, 2025 | Mar 28, 2025 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 24, 2024 | JP¥42.00 | 2.12% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥3.00 | 0.192% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥31.00 | 1.94% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥37.00 | 1.88% |
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