NIPPON PARKING DEVELOPMENT Co.,Ltd. Stock Forecast
NIPPON PARKING DEVELOPMENT Co.,Ltd. stock downgraded to Sell Candidate
(Updated on Apr 26, 2024)
The NIPPON PARKING DEVELOPMENT Co.,Ltd. stock price fell by -1.02% on the last day (Friday, 26th Apr 2024) from JP¥196.00 to JP¥194.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.59% from a day low at JP¥193.00 to a day high of JP¥198.00. The price has fallen in 6 of the last 10 days and is down by -4.9% for this period. Volume has increased on the last day by 3 million 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, 4 million shares were bought and sold for approximately JP¥841.36 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at JP¥191.43 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 14.11% during the next 3 months and, with a 90% probability hold a price between JP¥218.45 and JP¥246.19 at the end of this 3-month period.
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2353.T Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The NIPPON PARKING DEVELOPMENT 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¥197.86 and JP¥200.31. A break-up above any of these levels will issue buy signals. 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 NIPPON PARKING DEVELOPMENT Co.,Ltd. stock
NIPPON PARKING DEVELOPMENT Co.,Ltd. finds support from accumulated volume at JP¥191.00 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¥5.00 between high and low, or 2.59%. For the last week the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2353.T) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect NIPPON PARKING DEVELOPMENT Co.,Ltd. to open at JP¥195.00, and during the day (based on 14 day Average True Range), to move between JP¥189.08 and JP¥198.92, which gives a possible trading interval of +/-JP¥4.92 (+/-2.54%) up or down from last closing price. If NIPPON PARKING DEVELOPMENT Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 5.08% 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¥191.00 (1.55%) than the resistance at JP¥199.00 (2.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NIPPON PARKING DEVELOPMENT Co.,Ltd. stock A Buy?
The NIPPON PARKING DEVELOPMENT Co.,Ltd. stock holds several negative signals and despite the positive trend, we believe NIPPON PARKING DEVELOPMENT Co.,Ltd. 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 Hold/Accumulate to a Sell candidate.
Current score: -1.212 Sell Candidate Downgraded
Predicted Opening Price for NIPPON PARKING DEVELOPMENT Co.,Ltd. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| JP¥195.00 ( 0.515%) | JP¥194.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2353.T
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 200.00 | 3.09 % | |
| R2 | 198.09 | 2.11 % | ||
| R1 | 196.91 | 1.50 % | ||
| Current price: | 194.00 | |||
| Support | S1 | 193.09 | -0.469 % | |
| S2 | 191.91 | -1.08 % | ||
| S3 | 190.00 | -2.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 203.00 | 4.64 % | |
| R2 | 200.00 | 3.09 % | ||
| R1 | 199.00 | 2.58 % | ||
| Current price | 194.00 | |||
| Support | S1 | 191.00 | -1.55% | |
| S2 | 187.00 | -3.61% | ||
| S3 | 185.00 | -4.64% |
2353 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | JP¥5.25 | 2.48% |
| 2 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | JP¥5.00 | 2.99% |
| 3 | Jul 29, 2021 | Jul 29, 2021 | Jul 29, 2021 | JP¥4.75 | 2.97% |
| 4 | Jul 30, 2020 | Jul 30, 2020 | Jul 30, 2020 | JP¥4.50 | 3.60% |
| 5 | Jul 30, 2019 | Jul 30, 2019 | Jul 30, 2019 | JP¥4.25 | 2.43% |
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