NEC Networks & System Integration Corp Stock Forecast
Evaluation of NEC Networks & System Integration Corp stock downgraded after the last trading session.
(Updated on May 02, 2024)
The NEC Networks & System Integration Corp stock price fell by -2.25% on the last day (Thursday, 2nd May 2024) from JP¥2,576.00 to JP¥2,518.00. During the last trading day the stock fluctuated 2.36% from a day low at JP¥2,500.00 to a day high of JP¥2,559.00. The price has fallen in 6 of the last 10 days and is down by -1.33% for this period. Volume has increased on the last day by 34 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, 326 thousand shares were bought and sold for approximately JP¥819.61 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥2,484.84 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.76% during the next 3 months and, with a 90% probability hold a price between JP¥2,652.82 and JP¥2,976.24 at the end of this 3-month period.
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1973.T Signals & Forecast
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. The NEC Networks & System Integration Corp 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¥2,550.57 and JP¥2,554.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -4.95%. Further fall is indicated until a new bottom pivot has been found. 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 NEC Networks & System Integration Corp stock
NEC Networks & System Integration Corp finds support from accumulated volume at JP¥2,473.00 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¥59.00 between high and low, or 2.36%. For the last week, the stock has had daily average volatility of 3.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1973.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect NEC Networks & System Integration Corporation to open at JP¥2,525.67, and during the day (based on 14 day Average True Range), to move between JP¥2,444.84 and JP¥2,591.16, which gives a possible trading interval of +/-JP¥73.16 (+/-2.91%) up or down from last closing price. If NEC Networks & System Integration Corporation takes out the full calculated possible swing range there will be an estimated 5.81% 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¥2,473.00 (1.79%) than the resistance at JP¥2,564.00 (1.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NEC Networks & System Integration Corporation stock A Buy?
The NEC Networks & System Integration Corp stock holds several negative signals and despite the positive trend, we believe NEC Networks & System Integration Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.519 Sell Candidate Downgraded
Predicted Opening Price for NEC Networks & System Integration Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥2,525.67 ( 0.304%) | JP¥2,518.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1973.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,584.67 | 2.65 % | |
| R2 | 2,562.13 | 1.75 % | ||
| R1 | 2,548.20 | 1.20 % | ||
| Current price: | 2,518.00 | |||
| Support | S1 | 2,503.13 | -0.591 % | |
| S2 | 2,489.20 | -1.14 % | ||
| S3 | 2,466.67 | -2.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,619.00 | 4.01 % | |
| R2 | 2,582.00 | 2.54 % | ||
| R1 | 2,564.00 | 1.83 % | ||
| Current price | 2,518.00 | |||
| Support | S1 | 2,473.00 | -1.79% | |
| S2 | 2,449.00 | -2.74% | ||
| S3 | 2,329.00 | -7.51% |
1973 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥23.00 | 1.43% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥23.00 | 1.45% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥24.00 | 1.33% |
| 5 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | JP¥19.00 | 0.90% |
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