NH Foods Ltd. Stock Forecast
Evaluation of NH Foods Ltd. stock downgraded after the last trading session.
(Updated on May 02, 2024)
The NH Foods Ltd. stock price gained 0.174% on the last trading day (Thursday, 2nd May 2024), rising from JP¥5,177.00 to JP¥5,186.00. During the last trading day the stock fluctuated 1.03% from a day low at JP¥5,138.00 to a day high of JP¥5,191.00. The price has risen in 6 of the last 10 days and is up by 3.02% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 214 thousand shares were bought and sold for approximately JP¥1.11 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at JP¥5,250.68 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.22% during the next 3 months and, with a 90% probability hold a price between JP¥4,741.70 and JP¥5,081.43 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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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¥5,184.00 and JP¥5,141.91. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 -1.11%. Further fall is indicated until a new bottom pivot has been found.
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¥53.00 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 1.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2282.T) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect NH Foods Ltd. to open at JP¥5,171.67, and during the day (based on 14 day Average True Range), to move between JP¥5,103.83 and JP¥5,268.17, which gives a possible trading interval of +/-JP¥82.17 (+/-1.58%) up or down from last closing price. If NH Foods Ltd. takes out the full calculated possible swing range there will be an estimated 3.17% 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 (0.12%) than the resistance at JP¥5,257.00 (1.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
NH Foods Ltd. will release earnings BMO on Friday, May 10, 2024.The consensus among the analysts for the expected earnings (EPS) is -$155.13. We will update the financials statements for NH Foods Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.37% in the first trading day after earnings release.
Is NH Foods Ltd. stock A Buy?
NH Foods Ltd. holds several negative signals and we believe that 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: -1.591 Sell Candidate Downgraded
Predicted Opening Price for NH Foods Ltd. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| JP¥5,171.67 ( 0.276%) | JP¥5,186.00 |
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 | 5,224.67 | 0.746 % | |
| R2 | 5,204.42 | 0.355 % | ||
| R1 | 5,191.91 | 0.114 % | ||
| Current price: | 5,186.00 | |||
| Support | S1 | 5,151.42 | -0.667 % | |
| S2 | 5,138.91 | -0.91 % | ||
| S3 | 5,118.67 | -1.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,311.00 | 2.41 % | |
| R2 | 5,273.00 | 1.68 % | ||
| R1 | 5,257.00 | 1.37 % | ||
| Current price | 5,186.00 | |||
| Support | S1 | 5,180.00 | -0.116% | |
| S2 | 5,088.00 | -1.89% | ||
| S3 | 5,061.00 | -2.41% |
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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