NAKAMURAYA CO.,LTD. Stock Forecast
NAKAMURAYA CO.,LTD. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The NAKAMURAYA CO.,LTD. stock price fell by -0.97% on the last day (Friday, 19th Apr 2024) from JP¥3,100.00 to JP¥3,070.00. During the last trading day the stock fluctuated 0.98% from a day low at JP¥3,070.00 to a day high of JP¥3,100.00. The price has been going up and down for this period, and there has been a -0.81% loss for the last 2 weeks. Volume has increased on the last day by 7 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, 8 thousand shares were bought and sold for approximately JP¥24.56 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at JP¥3,060.62 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect NAKAMURAYA CO.,LTD. stock with a 90% probability to be traded between JP¥3,041.33 and JP¥3,203.99 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
2204.T Signals & Forecast
There are few to no technical positive signals at the moment. The NAKAMURAYA CO.,LTD. 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¥3,112.14 and JP¥3,123.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -4.95%. 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 NAKAMURAYA CO.,LTD. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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¥30.00 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 0.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2204.T) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect NAKAMURAYA CO.,LTD. to open at JP¥3,080.00, and during the day (based on 14 day Average True Range), to move between JP¥3,037.02 and JP¥3,102.98, which gives a possible trading interval of +/-JP¥32.98 (+/-1.07%) up or down from last closing price. If NAKAMURAYA CO.,LTD. takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ JP¥3,130.00, some JP¥60.00 (1.95%) from the current price of JP¥3,070.00, our system finds the risk reward not very attractive.
Is NAKAMURAYA CO.,LTD. stock A Buy?
NAKAMURAYA CO.,LTD. holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.658 Sell Candidate Downgraded
Predicted Opening Price for NAKAMURAYA CO.,LTD. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| JP¥3,080.00 ( 0.326%) | JP¥3,070.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2204.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,110.00 | 1.30 % | |
| R2 | 3,098.54 | 0.93 % | ||
| R1 | 3,091.46 | 0.699 % | ||
| Current price: | 3,070.00 | |||
| Support | S1 | 3,068.54 | -0.0476 % | |
| S2 | 3,061.46 | -0.278 % | ||
| S3 | 3,050.00 | -0.651 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,230.00 | 5.21 % | |
| R2 | 3,220.00 | 4.89 % | ||
| R1 | 3,130.00 | 1.95 % | ||
| Current price | 3,070.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
2204 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥50.00 | 1.60% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥50.00 | 1.57% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥50.00 | 1.25% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥85.00 | 2.14% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥85.00 | 1.93% |
FAQ
Click here for our free guide on how to buy NAKAMURAYA CO.,LTD. Stock.
