NEC Networks & System Integration Corp Stock Forecast
NEC Networks & System Integration Corp stock price ended at JP¥2,388.00 on Friday, after losing 0.125%.
(Updated on May 17, 2024)
The NEC Networks & System Integration Corp stock price fell by -0.125% on the last day (Friday, 17th May 2024) from JP¥2,391.00 to JP¥2,388.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.90% from a day low at JP¥2,363.00 to a day high of JP¥2,408.00. The price has fallen in 7 of the last 10 days and is down by -7.3% for this period. Volume has increased on the last day by 10 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, 253 thousand shares were bought and sold for approximately JP¥604.88 million.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately JP¥2,414.60 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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1973.T Signals & Forecast
There are few to no technical positive signals at the moment. 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¥2,433.43 and JP¥2,514.97. 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 -9.85%. 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). 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¥2,358.00 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¥45.00 between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 2.22%.
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 Monday 20th
For the upcoming trading day on Monday, 20th we expect NEC Networks & System Integration Corporation to open at JP¥2,386.33, and during the day (based on 14 day Average True Range), to move between JP¥2,319.09 and JP¥2,456.91, which gives a possible trading interval of +/-JP¥68.91 (+/-2.89%) 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 5.77% 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¥2,358.00 (1.26%) than the resistance at JP¥2,564.00 (7.37%), 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?
NEC Networks & System Integration Corp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.386 Sell Candidate Unchanged
Predicted Opening Price for NEC Networks & System Integration Corporation of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| JP¥2,386.33 ( 0.0698%) | JP¥2,388.00 |
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 | 2,431.33 | 1.81 % | |
| R2 | 2,414.14 | 1.09 % | ||
| R1 | 2,403.52 | 0.650 % | ||
| Current price: | 2,388.00 | |||
| Support | S1 | 2,369.14 | -0.790 % | |
| S2 | 2,358.52 | -1.23 % | ||
| S3 | 2,341.33 | -1.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,619.00 | 9.67 % | |
| R2 | 2,582.00 | 8.12 % | ||
| R1 | 2,564.00 | 7.37 % | ||
| Current price | 2,388.00 | |||
| Support | S1 | 2,358.00 | -1.26% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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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