Doutor Nichires Holdings Co., Ltd. Stock Forecast
Doutor Nichires Holdings Co., Ltd. stock price ended at JP¥2,262.00 on Thursday, after gaining 1.30%.
(Updated on Jun 27, 2024)
The Doutor Nichires Holdings Co., Ltd. stock price gained 1.30% on the last trading day (Thursday, 27th Jun 2024), rising from JP¥2,233.00 to JP¥2,262.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.98% from a day low at JP¥2,240.00 to a day high of JP¥2,262.00. The price has risen in 8 of the last 10 days and is up by 5.01% 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, 32 thousand more shares were traded than the day before. In total, 158 thousand shares were bought and sold for approximately JP¥358.30 million.
The stock has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at JP¥2,239.47, a level that may pose a second chance to hit a runner. According to fan-theory JP¥2,283.04 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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3087.T Signals & Forecast
The Doutor Nichires Holdings Co., 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¥2,217.14 and JP¥2,176.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 5.01%. 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 Doutor Nichires Holdings Co., Ltd. stock
Doutor Nichires Holdings Co., Ltd. finds support from accumulated volume at JP¥2,211.00 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¥22.00 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 0.794%.
The Doutor Nichires Holdings Co., Ltd. stock is extremely overbought on RSI14 (74). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: JP¥2,153.02 (-4.82%) (This stock has low daily movements and this gives low risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (3087.T) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Doutor Nichires Holdings Co., Ltd. to open at JP¥2,254.67, and during the day (based on 14 day Average True Range), to move between JP¥2,239.36 and JP¥2,284.64, which gives a possible trading interval of +/-JP¥22.64 (+/-1.00%) up or down from last closing price. If Doutor Nichires Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 2.00% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ JP¥2,211.00, some JP¥51.00 (2.25%) from the current price of JP¥2,262.00, our system finds the risk reward attractive.
Is Doutor Nichires Holdings Co., Ltd. stock A Buy?
Doutor Nichires Holdings Co., Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Doutor Nichires Holdings Co., Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| JP¥2,254.67 ( 0.324%) | JP¥2,262.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3087.T
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,276.67 | 0.648% |
| R2 | 2,268.26 | 0.277% |
| R1 | 2,263.07 | 0.0473% |
| Price | 2,262.00 | |
| S1 | 2,246.26 | -0.696% |
| S2 | 2,241.07 | -0.93% |
| S3 | 2,232.67 | -1.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2,262.00 | |
| S1 | 2,211.00 | -2.25% |
| S2 | 2,185.00 | -3.40% |
| S3 | 2,155.00 | -4.73% |
3087 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Nov 01, 2024 | JP¥22.00 | 0.97% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | May 29, 2024 | JP¥20.00 | 0.94% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Nov 17, 2023 | JP¥20.00 | 0.91% |
| 4 | Feb 27, 2023 | Feb 27, 2023 | May 26, 2023 | JP¥16.00 | 0.770% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Nov 18, 2022 | JP¥14.00 | 0.85% |
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