NH Foods Ltd. Stock Forecast
Red day on Wednesday for NH Foods Ltd.
(Updated on Apr 24, 2024)
The NH Foods Ltd. stock price fell by -0.95% on the last day (Wednesday, 24th Apr 2024) from JP¥5,244.00 to JP¥5,194.00. During the last trading day the stock fluctuated 1.49% from a day low at JP¥5,162.00 to a day high of JP¥5,239.00. The price has been going up and down for this period, and there has been a 2% gain for the last 2 weeks. Volume has increased on the last day by 110 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, 381 thousand shares were bought and sold for approximately JP¥1.98 billion.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect NH Foods Ltd. stock with a 90% probability to be traded between JP¥4,883.33 and JP¥5,286.25 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.
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2282.T Signals & Forecast
The NH Foods 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¥5,159.00 and JP¥5,152.46. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.95%. 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 NH Foods Ltd. stock
NH Foods Ltd. finds support from accumulated volume at JP¥5,180.00 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¥77.00 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: JP¥5,034.94 (-3.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (2282.T) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect NH Foods Ltd. to open at JP¥5,198.33, and during the day (based on 14 day Average True Range), to move between JP¥5,103.11 and JP¥5,284.89, which gives a possible trading interval of +/-JP¥90.89 (+/-1.75%) up or down from last closing price. If NH Foods Ltd. takes out the full calculated possible swing range there will be an estimated 3.50% 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¥5,180.00 (0.27%) than the resistance at JP¥5,257.00 (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NH Foods Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for NH Foods Ltd. stock to perform well in the short-term period.
Current score: 1.687 Buy Candidate Unchanged
Predicted Opening Price for NH Foods Ltd. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| JP¥5,198.33 ( 0.0834%) | JP¥5,194.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2282.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,275.33 | 1.57 % | |
| R2 | 5,245.92 | 1.00 % | ||
| R1 | 5,227.75 | 0.650 % | ||
| Current price: | 5,194.00 | |||
| Support | S1 | 5,168.92 | -0.483 % | |
| S2 | 5,150.75 | -0.83 % | ||
| S3 | 5,121.33 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,311.00 | 2.25 % | |
| R2 | 5,273.00 | 1.52 % | ||
| R1 | 5,257.00 | 1.21 % | ||
| Current price | 5,194.00 | |||
| Support | S1 | 5,180.00 | -0.270% | |
| S2 | 5,161.00 | -0.635% | ||
| S3 | 5,158.00 | -0.693% |
2282 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥110.00 | 2.86% |
| 2 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | JP¥102.00 | 2.44% |
| 3 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | JP¥91.00 | 1.86% |
| 4 | Mar 30, 2020 | Mar 30, 2020 | Mar 30, 2020 | JP¥90.00 | 2.26% |
| 5 | Mar 27, 2019 | Mar 27, 2019 | Mar 27, 2019 | JP¥90.00 | 2.26% |
FAQ
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