SHIN NIPPON BIOMEDICAL LABORATORIES,LTD. Stock Forecast
SHIN NIPPON BIOMEDICAL LABORATORIES,LTD. stock upgraded from Sell Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The SHIN NIPPON BIOMEDICAL LABORATORIES,LTD. stock price gained 4.03% on the last trading day (Tuesday, 25th Jun 2024), rising from JP¥1,388.00 to JP¥1,444.00. During the last trading day the stock fluctuated 4.18% from a day low at JP¥1,386.00 to a day high of JP¥1,444.00. The price has risen in 5 of the last 10 days and is up by 4.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 184 thousand shares were bought and sold for approximately JP¥265.84 million.
The stock lies the upper part of a wide and 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¥1,460.57 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 -8.54% during the next 3 months and, with a 90% probability hold a price between JP¥1,145.56 and JP¥1,335.78 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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2395.T Signals & Forecast
Mostly positive signals in the chart today. The SHIN NIPPON BIOMEDICAL LABORATORIES,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¥1,402.57 and JP¥1,383.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 10.99%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SHIN NIPPON BIOMEDICAL LABORATORIES,LTD. stock
SHIN NIPPON BIOMEDICAL LABORATORIES,LTD. finds support from accumulated volume at JP¥1,431.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved JP¥58.00 (4.18%) between high and low. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: JP¥1,390.28 (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (2395.T) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SHIN NIPPON BIOMEDICAL LABORATORIES,LTD. to open at JP¥1,424.67, and during the day (based on 14 day Average True Range), to move between JP¥1,400.09 and JP¥1,487.91, which gives a possible trading interval of +/-JP¥43.91 (+/-3.04%) up or down from last closing price. If SHIN NIPPON BIOMEDICAL LABORATORIES,LTD. takes out the full calculated possible swing range there will be an estimated 6.08% 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¥1,431.00 (0.90%) than the resistance at JP¥1,485.00 (2.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SHIN NIPPON BIOMEDICAL LABORATORIES,LTD. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.774 Buy Candidate Upgraded
Predicted Opening Price for SHIN NIPPON BIOMEDICAL LABORATORIES,LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| JP¥1,424.67 ( 1.34%) | JP¥1,444.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2395.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,482.67 | 2.68% |
| R2 | 1,460.51 | 1.14% |
| R1 | 1,446.82 | 0.195% |
| Price | 1,444.00 | |
| S1 | 1,402.51 | -2.87% |
| S2 | 1,388.82 | -3.82% |
| S3 | 1,366.67 | -5.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,518.00 | 5.12% |
| R2 | 1,507.00 | 4.36% |
| R1 | 1,485.00 | 2.84% |
| Price | 1,444.00 | |
| S1 | 1,431.00 | -0.90% |
| S2 | 1,411.00 | -2.29% |
| S3 | 1,366.00 | -5.40% |
2395 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2024 | Sep 27, 2024 | Sep 27, 2024 | JP¥0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Jun 25, 2024 | JP¥30.00 | 2.09% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Nov 30, 2023 | JP¥20.00 | 1.21% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | JP¥30.00 | 1.07% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | JP¥20.00 | 0.743% |
FAQ
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